- High scope 3 emissions due to capital goods investments.
- Challenges in achieving a higher sorting rate in commercial properties due to physical restrictions.
- Limited data availability for scope 3 emissions and waste from Swedish operations.
- Difficulties in tracking conditions throughout complex supply chains for IT hardware.
Olav Thon Eiendomsselskap ASA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Olav Thon Eiendomsselskap ASA disclosed greenhouse gas emissions of 146.7K tCO2e/year. By scope: Scope 1: 66.9 tCO2e/year; Scope 2: 3.4K tCO2e/year; Scope 3: 143.3K tCO2e/year. 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
146.7K tCO2e/year
2023
Waste
14.7K tons/year
2023
Energy Use
144.6K MWh/year
2023
📊 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). | 66.9 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 143.3K tCO2e/year |
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 | 146.7K tCO2e/year |
| 2022 | 9.1K tCO2e/year (2021: 8219.0 tCO2e/year) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced scope 1 and 2 emissions by 41% compared to 2019.
- Achieved a 60.3% sorting rate, exceeding the 60% tenant commitment target.
- Successfully piloted a waste management project at Vestkanten Storsenter, increasing the sorting rate by 10.8%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Analyse climate risk in own operations and report in accordance with TCFD by 2025.
- Expand waste management projects to 50% of shopping centres by 2025.
- Conduct nature impact analyses on 50% of development projects by 2025.
- Implement ethical purchasing strategy and procedures by 2025.
📅 Medium-term
- Reduce emissions in scopes 1 and 2 by 60% by 2030.
- Achieve 70% sorting rate at hotels and shopping centres by 2030.
- Achieve 70% circularity by 2030.
- Develop green areas, roofs, and walls on 60% of existing properties by 2030.
🔭 Long-term
- Net zero emissions by 2050.
- Nature-positive by 2050.
- Full insight into the value chain by 2030.
🌱 ESG Focus Areas
Climate and natureCircular solutionsSocial justice