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Thule Group AB

Common Name
Thule Group
Country
Sweden
Sector
Consumer Cyclical
Industry
Leisure
Employees
3,000
Ticker
THULE
Exchange
NASDAQ STOCKHOLM AB
Description
Thule Group AB is a Swedish company specializing in the development, manufacture, and sale of outdoor, sports, and transportation products. Founded in 1942 in Hillerstorp, it has grown into a global l...

Thule Group's GHG Emissions Data Preview

In 2025, 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 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202520242023
2022 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Thule Group’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Thule 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 Thule Group’s data sources below and access millions more through our Disclosure Search.

a. Thule Group's Integrated Report 2025
b. Thule Group's Annual Report 2023

Insights into Thule Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Thule Group amounted to 8,381 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 2024, the total operational greenhouse gas (GHG) emissions of Thule Group decreased by 9.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Thule Group's Scope 1 Emissions Over Time

201920202021202220232024202501 k2 k3 k4 ktCO2e-16%+40%-2%-10%+24%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Thule Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Thule Group were 3,350 metric tons of CO₂ equivalent (tCO₂e).a

Has Thule Group reduced its Scope 1 emissions over time?

Since 2019, Thule Group's Scope 1 emissions have increased by 8.48%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2024), Thule Group's Scope 1 emissions decreased by 14.71%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Thule Group's Scope 2 emissions?

In 2025, Thule Group reported Scope 2 greenhouse gas (GHG) emissions of 124 tCO₂e using the market-based method and 5,031 tCO₂e using the location-based method.a

Has Thule Group reduced its Scope 2 emissions over time?

Since 2019, Thule Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 16.37%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2024), Thule Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Thule Group's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Thule Group use for Scope 2 reporting?

In 2025, Thule Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

Thule Group's Scope 2 Emissions Over Time

201920202021202220232024202502 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Thule Group's Value Chain Emissions

In 2025, Thule Group reported 269,978 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 2025 disclosure of Thule Group includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Thule Group's Scope 3 Emissions Over Time

2019202020212022202320242025090 k180 k270 k360 ktCO2e-37%+43%-20%-34%+63%-3%
  • Total Scope 3
  • Year-over-Year Change

What are Thule Group's Scope 3 emissions?

In 2025, Thule Group reported total Scope 3 emissions of 269,978 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 98.54% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.46% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Thule Group reduced its Scope 3 emissions over time?

Since 2019, Thule Group's Scope 3 emissions have decreased by 24.9%, reflecting a declining long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2024), Thule Group's Scope 3 emissions remained relatively stable, indicating that Thule Group's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Thule Group disclose?

In 2025, Thule Group reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This reflects a high level of granularity and transparency in the company's emissions reporting.

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

In 2025, the largest contributors to Thule Group's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 222,454 tCO₂e (82.4%)
  • Upstream Transportation and Distribution (Cat. 4): 21,546 tCO₂e (7.98%)
  • Capital Goods (Cat. 2): 13,714 tCO₂e (5.08%)

Thule Group's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(8.0%)Capital Goods(Cat. 2)(5.1%)Purchased Goods andServices (Cat. 1)(82.4%)

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

In 2025, Thule Group reported Scope 1 greenhouse gas (GHG) emissions of 3,350 tCO₂e and total revenues of USD 1,134 millions. This translates into an emissions intensity of 2.95 tCO₂e per millions USD.a

Thule Group's Scope 1 Emissions Intensity Compared to Peers

102002,00050,000500,000Scope 1 Emissions (tCO2e)201001,0005,00050,000Revenues (Millions of USD)CHCTCCCTG InternationalYear: 2023Scope 1: 26,229 tCO2eRevenue: $M 576Scope 1 Intensity: 45.57 tCO2e/$MDometic GroupYear: 2025Scope 1: 10,000 tCO2eRevenue: $M 2,288Scope 1 Intensity: 4.37 tCO2e/$MAsmodee GroupYear: 2025Scope 1: 945 tCO2eRevenue: $M 16,209Scope 1 Intensity: 0.06 tCO2e/$MDaiichikoshoYear: 2022Scope 1: 8,089 tCO2eRevenue: $M 777Scope 1 Intensity: 10.41 tCO2e/$MYeti HoldingsYear: 2024Scope 1: 289 tCO2eRevenue: $M 1,830Scope 1 Intensity: 0.16 tCO2e/$MHHHeiwaYear: 2024Scope 1: 51,219 tCO2eRevenue: $M 901Scope 1 Intensity: 56.87 tCO2e/$MCCCallaway GolfYear: 2024Scope 1: 166,091 tCO2eRevenue: $M 4,239Scope 1 Intensity: 39.18 tCO2e/$MSpin MasterYear: 2024Scope 1: 18 tCO2eRevenue: $M 2,250Scope 1 Intensity: 0.01 tCO2e/$MPop Mart International GroupYear: 2024Scope 1: 58 tCO2eRevenue: $M 1,787Scope 1 Intensity: 0.03 tCO2e/$MBandai Namco HoldingsYear: 2025Scope 1: 7,794 tCO2eRevenue: $M 8,279Scope 1 Intensity: 0.94 tCO2e/$MHarviaYear: 2025Scope 1: 850 tCO2eRevenue: $M 234Scope 1 Intensity: 3.64 tCO2e/$MNinebotYear: 2024Scope 1: 1,197 tCO2eRevenue: $M 1,945Scope 1 Intensity: 0.62 tCO2e/$MCompagnie des AlpesYear: 2025Scope 1: 5,779 tCO2eRevenue: $M 1,640Scope 1 Intensity: 3.52 tCO2e/$MTTTandem GroupYear: 2024Scope 1: 32 tCO2eRevenue: $M 31Scope 1 Intensity: 1.04 tCO2e/$MPeloton InteractiveYear: 2024Scope 1: 5,835 tCO2eRevenue: $M 2,700Scope 1 Intensity: 2.16 tCO2e/$MJohnson Health TechYear: 2024Scope 1: 5,140 tCO2eRevenue: $M 1,459Scope 1 Intensity: 3.52 tCO2e/$MBasic-FitYear: 2024Scope 1: 8,792 tCO2eRevenue: $M 1,265Scope 1 Intensity: 6.95 tCO2e/$MTomyYear: 2024Scope 1: 2,396 tCO2eRevenue: $M 1,376Scope 1 Intensity: 1.74 tCO2e/$MMerida IndustryYear: 2024Scope 1: 1,407 tCO2eRevenue: $M 905Scope 1 Intensity: 1.56 tCO2e/$MGames Workshop GroupYear: 2024Scope 1: 484 tCO2eRevenue: $M 669Scope 1 Intensity: 0.72 tCO2e/$MLi NingYear: 2024Scope 1: 1,913 tCO2eRevenue: $M 3,929Scope 1 Intensity: 0.49 tCO2e/$MTitlisYear: 2024Scope 1: 1,943 tCO2eRevenue: $M 82Scope 1 Intensity: 23.83 tCO2e/$MOriental Land CoYear: 2024Scope 1: 63,988 tCO2eRevenue: $M 4,084Scope 1 Intensity: 15.67 tCO2e/$MThule GroupYear: 2025Scope 1: 3,350 tCO2eRevenue: $M 1,134Scope 1 Intensity: 2.95 tCO2e/$M

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

In 2025, Thule Group reported a Scope 1 emissions intensity of 2.95 tCO₂e per millions USD. Compared to the peer group median of 2.16, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

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

In 2025, Thule Group ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Thule Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Thule Group's Total Carbon Footprint

In 2025, Thule Group reported a total carbon footprint of 278,359 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.74% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Thule Group's total carbon footprint was Scope 3 emissions, accounting for 96.99% of the company's total carbon footprint, followed by Scope 2 emissions at 1.81%.a

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