Thule Group AB

Common Name
Thule Group
Country
Sweden
Sector
Consumer Cyclical
Industry
Leisure
Employees
2,560
Ticker
THULE
Exchange
NASDAQ STOCKHOLM AB
Description
Thule Group AB is a leading Swedish manufacturer specializing in premium outdoor and transportation solutions, most notably recognized for its high-quality roof racks, bicycle and water sport carriers...

Thule Group's GHG Emissions Data Preview

In 2023, Thule 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).

Thule 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Thule Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Thule Group amounted to 8,365 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Thule Group increased by 134.58%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Thule Group's Scope 1 Emissions Over Time

2019202020212022202309501.9 k2.85 k3.8 ktCO2e-19%+40%-2%-10%
  • Total Scope 1
  • Year-over-Year Change

What are Thule Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Thule Group were 3,173 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Thule Group reduced its Scope 1 emissions over time?

Since 2019, Thule Group's Scope 1 emissions have remained relatively, stable, indicating that Thule Group's emissions have plateaued with no significant change in its operational footprint.

Compared to the previous year (2022), Thule Group's Scope 1 emissions decreased by 10.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Thule Group's Scope 2 emissions?

In 2023, Thule Group reported Scope 2 greenhouse gas (GHG) emissions of 215 tCOâ‚‚e using the market-based method, and 5,192 tCOâ‚‚e using the location-based method.

What methodology does Thule Group use for Scope 2 reporting?

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

Thule Group's Scope 2 Emissions Over Time

2019202020212022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Thule Group's Value Chain Emissions

In 2023, Thule Group reported 167,481 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Thule Group includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Thule Group's Scope 3 Emissions Over Time

20192020202120222023085 k170 k255 k340 ktCO2e-14%+43%-20%-35%
  • Total Scope 3
  • Year-over-Year Change

What are Thule Group's Scope 3 emissions?

In 2023, Thule Group reported total Scope 3 emissions of 167,481 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Thule Group reduced its Scope 3 emissions over time?

Since 2019, Thule Group's Scope 3 emissions have decreased by 36.3%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Thule Group's Scope 3 emissions decreased by 35.23%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Thule Group disclose?

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

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

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

In 2023, the largest contributors to Thule Group's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 1,335 tCOâ‚‚e (100%)

Thule Group's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(100.0%)

Insights into Thule Group's Total Carbon Footprint

In 2023, Thule Group reported a total carbon footprint of 175,846 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 32.92% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Thule Group's total carbon footprint was Scope 3 emissions, accounting for 95.24% of the company's total carbon footprint, followed by Scope 2 emissions at 2.95%.