Science Based Target initiative and Net-zero targets
Our targets and committments
The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling companies to set science-based greenhouse gas emissions reduction targets.
In October 2020, Thule Group’s Board of Directors resolved on new sustainability targets in line with the UN’s 2030 Agenda for Sustainable Development, and we signed to commit the Science Based Targets initiative (SBTi), a global standard for climate goals originating from the goal of the Paris Agreement to limit the increase in the planet’s average temperature to 1.5°C.
Thule Group’s new science-based targets for 2030 have been externally validated by SBTi and focus on Scope 1, Scope 2 and Scope 3 greenhouse gas emissions. See below for the detailed target statements.
Net-zero targets
Building upon the 2030 commitments, the Thule Group has sought approval from Science Based Targets initiative (SBTi) for its Net-zero targets. This means that by 2050, the Thule Group commits to reduce its overall emissions by at least 90% and to neutralise any residual emissions that are not possible to eliminate.
Scope 1 - Comprises direct emissions from sources that we control – principally from burning fossil fuels in our factories, refrigerants, and our vehicles’ fuel consumption.
Our target: We commit to a 46% absolute reduction of GHG emissions from our own production facilities by end of 2030, compared to a 2019 base year.
Ambition: 1.5ºC target
Scope 2 - Represents indirect emissions from our own operations – primarily from purchased electricity and heating our premises.
Our target: We commit to have 100% purchased renewable electricity at our own production facilities and offices with more than 12 employees by end of 2030, compared to 94% in 2019.
Ambition: 1.5ºC target
Scope 3 - Comprises indirect emissions from sources not controlled by Thule Group, mainly emissions arising from purchased goods, logistics and business travels
Our target: We commit to a 28% absolute reduction of GHG emissions related to our purchased goods, upstream logistics, and downstream logistics by end of 2030, compared to a 2019 base year.
Ambition: Well below 2ºC target (with the opportunity to raise the ambition level to the 1.5ºC target in the future)
EMISSIONS, GREENHOUSE GASES
For transparency and to facilitate comparisons with the preceding year, we have, wherever such data was available, also compiled revised greenhouse gas emissions for the preceding four years
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Scope 1 Direct emissions, tons of CO2 eq | 3,173 | 3,531 | 3,617 | 2,591 | 3,185 |
Scope 2 Indirect emissions own company, tons CO2 eq | 215 | 35 | 60 | 66 | 272 |
Scope 3 Indirect emissions from logistics, business travel, purchased heating/cooling and electricity, tons of CO2 eq | 18,669 | 28,034 | 31,548 | 30,247 | 24,081 |
Scope 3 Indirect emissions from purchased materials and goods, as well as capital goods, tons CO2 eq | 151,262 | 230,541 | 290,534 | 195,327 | 238,859 |
Total (scope 1, 2 & 3), tons CO2eq | 173,319 | 262,141 | 325,759 | 228,231 | 266,397 |
Change – Total emissions (scope 1, 2 and 3), percentage change compared with 2019 base year | -35% | -2% | 22% | -14% | |
Emissions relative to turnover (scope 1, 2 and 3), tons of CO2eq/SEKm | 19.1 | 25.9 | 31.4 | 29.2 | 37.9 |
Change – Emissions relative to turnover (scope 1, 2 and 3), percentage change compared with 2019 base year | -50% | -32% | -17% | -23% | -50% |