- Supply chain disruptions due to Covid-19.
- Difficulty finding personnel.
- Meeting the EU Taxonomy's requirement for energy performance certificate rating of A or B for all properties is not commercially justifiable for many existing properties.
- Limited ability to influence energy and water consumption at leased properties.
Pandox AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Pandox AB (publ) disclosed greenhouse gas emissions of 99.7K tCO2e/year. By scope: Scope 1: 5.8K tCO2e/year; Scope 2: 2.9K tCO2e/year (market-based); Scope 3: 91.0K 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
99.7K tCO2e/year
2022
Renewable Energy
41%
of total energy
Water Usage
1.9M m3/year
2022
Waste
1.6K tons/year (Operator Activities and HQ); 3323 tons/year (Property Management)
2022
Energy Use
77.7K MWh/year (Operator Activities and HQ); 247525 MWh/year (Property Management)
2022
📊 Emissions by Scope (2022)
| 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). | 5.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.9K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 91.0K 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 |
|---|---|
| 2022 | 99.7K tCO2e/year |
| 2021 | 93.9K tCO2e (market-based) |
| 2020 | 145.8K tCO2e (Scope 1 2 and 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced CO2e emissions in Scope 1 and 2 by 19% (Operator Activities) and submitted climate goals to SBTi.
- Certified six additional properties to BREEAM In-Use with a rating of Very Good.
- Reached 41% renewable energy share for the whole portfolio.
- Reduced water use per guest night from 304 l/guest night to 215 l/guest night at Pandox-operated hotels.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 20% by 2023 (Operator Activities)
- Reduce waste volumes to 1 kg per guest night by 2025 (Operator Activities)
- Recycle 65% of total waste in hotel operation by 2025 (Operator Activities)
- Reach at least 80% renewable energy within Operator Activities by 2025
📅 Medium-term
- Reduce energy consumption, water consumption and GHG emissions compared with 2019 (Operator Activities)
- Reduce CO2e emissions in Scope 1 and 2 by 42% and Scope 3 by 25% by 2030 (compared to 2021)
- Climate inspections and adaptation measures in all properties with identified climate risks by 2030.
- BREEAM certification for all 20 hotels in Operator Activities by 2030
- 100% of hotels operated by Pandox to have sustainability certification for hotel operation by 2030
🔭 Long-term
- Sign green supplementary agreements with all tenants by 2050
🌱 ESG Focus Areas
Environment and climateResponsible and fair businessGuest satisfaction and securityAttractive and equal workplaceInclusive local communities