Public Profile

Thule

Thule Group, commonly known as Thule, is a leading Swedish company headquartered in Malmö, Sweden (SE). Founded in 1942, Thule has established itself as a prominent player in the outdoor and transportation industry, specialising in products that enhance outdoor experiences. The company operates globally, with significant markets in Europe, North America, and Asia. Thule's core offerings include roof racks, bike carriers, and outdoor gear, all designed with a focus on safety, durability, and ease of use. Their innovative designs and commitment to quality have earned them a strong market position, making them a trusted choice for outdoor enthusiasts. Notable achievements include numerous design awards and a reputation for excellence in functionality and style, solidifying Thule's status as a leader in the outdoor equipment sector.

DitchCarbon Score

How does Thule's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

38

Industry Average

Mean score of companies in the Land Transportation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

1

Industry Benchmark

Thule's score of 38 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.

98%

Thule's reported carbon emissions

In 2023, Thule Group AB reported total greenhouse gas emissions of approximately 173,319,000 kg CO2e. This includes 3,173,000 kg CO2e from Scope 1 emissions, 215,000 kg CO2e from Scope 2 emissions, and a significant 169,931,000 kg CO2e from Scope 3 emissions, which primarily stem from capital goods and business travel. Thule has set ambitious climate commitments, aiming to achieve a 46.2% reduction in absolute Scope 1 emissions by 2030, using 2019 as the baseline year. Additionally, the company plans to increase its sourcing of renewable electricity from 95% in 2019 to 100% by 2030. For Scope 3 emissions, Thule is targeting a 28% reduction by 2030, focusing on emissions from purchased goods and services, as well as upstream and downstream transportation and distribution. Long-term, Thule Group is committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050. This includes a 90% reduction in both Scope 1 and 2 emissions, as well as a 90% reduction in Scope 3 emissions by the same year. These targets align with industry standards and reflect Thule's dedication to sustainable practices and climate responsibility.

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2014201520162017201820192020202120222023
Scope 1
5,299,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
5,831,000
0,000,000
0,000,000
0,000,000
000,000
000,000
00,000
00,000
00,000
000,000
Scope 3
19,771,000
00,000,000
00,000,000
00,000,000
00,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Thule's primary industry is Other land transportation services, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Thule is headquartered in SE, which has a rank of very low, indicating very low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Thule is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers