- Increased cost of compliance due to additional emissions-reporting obligations
- Significant investments required to decarbonize its value chain
- Disruption to workforce and facilities caused by adverse changes in weather
IFS AB and its subsidiaries, reported at the entity level of IGT Holding III AB
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, IFS AB and its subsidiaries, reported at the entity level of IGT Holding III AB disclosed greenhouse gas emissions of 27.5K tCO2e (market-based Scope 2) / 29759 tCO2e (location-based Scope 2). By scope: Scope 1: 354 tCO2e; Scope 2: 93 tCO2e (market-based) / 2334 tCO2e (location-based); Scope 3: 27.1K tCO2e. 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
27.5K tCO2e (market-based Scope 2) / 29759 tCO2e (location-based Scope 2)
2023
Renewable Energy
100%
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). | 354 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 93 tCO2e (market-based) / 2334 tCO2e (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 27.1K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 100% renewable electricity across our sites in 2023
- Near-term 2030 Science Based Target approved by the Science Based Targets initiative
- Received EcoVadis Silver Medal for our Group performance
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025 (implied)
- Carbon neutrality by 2025 (Scope 1, 2 and Business Travel emissions)
📅 Medium-term
- Reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year
- Reduce absolute scope 3 GHG emissions from purchased goods and services, business travel, and employee commuting 25% by 2030
- Female managers 30.5% by 2027
- IFS Education Program to reach 150 institutions by 2025
- CSR Day 15% use in 2023
🔭 Long-term
- Net zero emissions by 2050 (implied)
🌱 ESG Focus Areas
Excellence in Our BusinessSupporting Our CustomersHaving a Broader Impact