Scandic Hotels Group AB

Common Name
Scandic Hotels Group
Country
Sweden
Sector
Consumer Cyclical
Industry
Lodging
Employees
10,736
Ticker
SHOT
Exchange
NASDAQ STOCKHOLM AB
Description
Scandic Hotels Group AB is a leading hotel operator in the Nordic region, specializing in providing hospitality services across its extensive network of hotels. The primary function of Scandic Hotels ...

Scandic Hotels Group's GHG Emissions Data Preview

In 2023, Scandic Hotels Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Scandic Hotels Group has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Unspecified Calculation Method
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a
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a
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Scandic Hotels Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Scandic Hotels Group’s data sources below and access millions more through our Disclosure Search.

a. Scandic Hotels Group's Annual Report 2023
a. Scandic Hotels Group's Annual Report 2023

Insights into Scandic Hotels Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Scandic Hotels Group amounted to 34,551.3 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Scandic Hotels Group increased by 24.26%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Scandic Hotels Group's Scope 1 Emissions Over Time

2019202020212022202308001.6 k2.4 k3.2 ktCO2e-19%+45%+20%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Scandic Hotels Group were 2,655 metric tons of CO₂ equivalent (tCO₂e). a

Has Scandic Hotels Group reduced its Scope 1 emissions over time?

Since 2019, Scandic Hotels Group's Scope 1 emissions have increased by 20.61%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Scandic Hotels Group's Scope 1 emissions decreased by 15.17%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Scandic Hotels Group's Scope 2 emissions?

In 2023, Scandic Hotels Group reported Scope 2 greenhouse gas (GHG) emissions of 31,883.6 tCO₂e using the market-based method and 31,896.3 tCO₂e using the location-based method. a

What methodology does Scandic Hotels Group use for Scope 2 reporting?

In 2023, Scandic Hotels Group reported its Scope 2 emissions using the market-based method and using the location-based method. a

Scandic Hotels Group's Scope 2 Emissions Over Time

2019202020212022202309 k18 k27 k36 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Scandic Hotels Group's Value Chain Emissions

In 2023, Scandic Hotels Group reported 453.4 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Scandic Hotels Group includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Scandic Hotels Group's Scope 3 Emissions Over Time

201920202021202220230200400600800tCO2e-78%-42%+263%+50%
  • Total Scope 3
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 3 emissions?

In 2023, Scandic Hotels Group reported total Scope 3 emissions of 453.4 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Scandic Hotels Group reduced its Scope 3 emissions over time?

Since 2019, Scandic Hotels Group's Scope 3 emissions have decreased by 31.98%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Scandic Hotels Group's Scope 3 emissions increased by 49.69%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Scandic Hotels Group disclose?

In 2023, Scandic Hotels Group reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Scandic Hotels Group's Scope 3 emissions?

In 2023, the largest contributors to Scandic Hotels Group's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 453.4 tCO₂e (100%)

Scandic Hotels Group's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Scandic Hotels Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Scandic Hotels Group reported Scope 1 greenhouse gas (GHG) emissions of 2,655 tCO₂e and total revenues of USD 2,174 millions. This translates into an emissions intensity of 1.22 tCO₂e per millions USD. a

Scandic Hotels Group's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,0005,000,000Scope 1 Emissions (tCO2e)505002,00020,000100,000Revenues (Millions of USD)HWhitbreadYear: 2025Scope 1: 58,469 tCO2eRevenue: $M 3,681Scope 1 Intensity: 15.88 tCO2e/$MMekoYear: 2024Scope 1: 14,184 tCO2eRevenue: $M 1,683Scope 1 Intensity: 8.43 tCO2e/$MDometic GroupYear: 2024Scope 1: 7,896 tCO2eRevenue: $M 2,234Scope 1 Intensity: 3.53 tCO2e/$MHHH World GroupYear: 2024Scope 1: 39,310 tCO2eRevenue: $M 3,564Scope 1 Intensity: 11.03 tCO2e/$MVolvo CarYear: 2024Scope 1: 59,000 tCO2eRevenue: $M 36,319Scope 1 Intensity: 1.62 tCO2e/$MInterContinental Hotels GroupYear: 2024Scope 1: 359,349 tCO2eRevenue: $M 4,923Scope 1 Intensity: 72.99 tCO2e/$MHanjin KalYear: 2022Scope 1: 82,254 tCO2eRevenue: $M 159Scope 1 Intensity: 517.44 tCO2e/$MMinor InternationalYear: 2024Scope 1: 194,384 tCO2eRevenue: $M 4,699Scope 1 Intensity: 41.36 tCO2e/$MMelia Hotels InternationalYear: 2024Scope 1: 286,028 tCO2eRevenue: $M 2,087Scope 1 Intensity: 137.06 tCO2e/$MHyatt HotelsYear: 2023Scope 1: 420,622 tCO2eRevenue: $M 6,667Scope 1 Intensity: 63.09 tCO2e/$MIndian HotelsYear: 2025Scope 1: 26,136 tCO2eRevenue: $M 941Scope 1 Intensity: 27.77 tCO2e/$MWyndham Hotels & ResortsYear: 2024Scope 1: 15,889 tCO2eRevenue: $M 1,408Scope 1 Intensity: 11.28 tCO2e/$MAutolivYear: 2024Scope 1: 75,000 tCO2eRevenue: $M 10,390Scope 1 Intensity: 7.22 tCO2e/$MByggmax GroupYear: 2024Scope 1: 500 tCO2eRevenue: $M 543Scope 1 Intensity: 0.92 tCO2e/$MElectroluxYear: 2024Scope 1: 51,000 tCO2eRevenue: $M 12,355Scope 1 Intensity: 4.13 tCO2e/$MMinor HotelsYear: 2024Scope 1: 46,150 tCO2eRevenue: $M 2,516Scope 1 Intensity: 18.34 tCO2e/$MPolestar Automotive HoldingYear: 2024Scope 1: 48 tCO2eRevenue: $M 2,034Scope 1 Intensity: 0.02 tCO2e/$MAsset WorldYear: 2024Scope 1: 11,426 tCO2eRevenue: $M 463Scope 1 Intensity: 24.67 tCO2e/$MAtour Lifestyle HoldingsYear: 2023Scope 1: 2,668 tCO2eRevenue: $M 657Scope 1 Intensity: 4.06 tCO2e/$MOCT LimitedYear: 2023Scope 1: 8,967 tCO2eRevenue: $M 7,844Scope 1 Intensity: 1.14 tCO2e/$MMarriott InternationalYear: 2023Scope 1: 1,226,161 tCO2eRevenue: $M 23,713Scope 1 Intensity: 51.71 tCO2e/$MChoice Hotels InternationalYear: 2024Scope 1: 6,400 tCO2eRevenue: $M 1,585Scope 1 Intensity: 4.04 tCO2e/$MHilton Worldwide HoldingsYear: 2024Scope 1: 442,406 tCO2eRevenue: $M 11,174Scope 1 Intensity: 39.59 tCO2e/$MAccorYear: 2024Scope 1: 612,000 tCO2eRevenue: $M 5,834Scope 1 Intensity: 104.91 tCO2e/$MScandic Hotels GroupYear: 2023Scope 1: 2,655 tCO2eRevenue: $M 2,174Scope 1 Intensity: 1.22 tCO2e/$M

How does Scandic Hotels Group's GHG emissions intensity compare to its peers?

In 2023, Scandic Hotels Group reported a Scope 1 emissions intensity of 1.22 tCO₂e per millions USD. Compared to the peer group median of 13.58 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Scandic Hotels Group rank on GHG emissions intensity within its industry?

In 2023, Scandic Hotels Group ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Scandic Hotels Group among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Scandic Hotels Group's Total Carbon Footprint

In 2023, Scandic Hotels Group reported a total carbon footprint of 35,004.7 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 24.54% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Scandic Hotels Group's total carbon footprint was Scope 2 emissions, accounting for 91.12% of the company's total carbon footprint, followed by Scope 1 emissions at 7.58%. a

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