- Difficult market conditions in 2023 (higher interest rates, lower consumer spending, war in Europe and Gaza).
- Slowdown in sales of bike-related products due to high retailer inventory levels in the first half of 2023.
- Weaker cyclical phase in the RV and camper van sector.
- Supply chain disruptions.
Thule Group AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Thule Group AB (publ) disclosed greenhouse gas emissions of 173.3K tCO2e/year. By scope: Scope 1: 3.2K tCO2e/year; Scope 2: 215 tCO2e/year; Scope 3: 151.3K tCO2e/year (materials) + 18669 tCO2e/year (logistics). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
173.3K tCO2e/year
2023
Renewable Energy
7.6% (Hillerstorp), 6% (Huta), 35% (Pila)
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 215 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 151.3K tCO2e/year (materials) + 18669 tCO2e/year (logistics) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 173.3K tCO2e/year |
| 2018 | 26.3K tCO2e/year |
| 2017 | 25.4K tCO2e/year |
| 2015 | 23.5K kton CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions by 35% compared to 2019 baseline (scopes 1, 2, & 3).
- Reduced CO2eq emissions from shipments by 38% year-on-year.
- Thule Epos bike carrier has a 50% lower carbon footprint than comparable products.
- 99% recycling rate.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce direct and indirect GHG emissions an average of 30% per product by 2030 compared to 2019 baseline.
- Reduce water consumption at all production facilities.
- Eliminate PFAS in all textiles by 2024.
- Achieve 80% completion rate for human rights training by 2024.
📅 Medium-term
- Reduce CO2eq emissions from shipments by 10% by 2030 compared to 2019 baseline.
- Maintain a low share of emissions from air freight (max 10% of total logistics emissions).
🔭 Long-term
- Net-zero emissions by 2050 (90% absolute reduction compared to 2019 baseline, 10% offset).
🌱 ESG Focus Areas
Climate changeSupply chainHealth and safetyHuman rightsCircular economy