Cibus Nordic Real Estate Ab Publ Sustainability Profile
Cibus Nordic Real Estate Ab Publ, commonly referred to as Cibus, is a prominent player in the Nordic real estate sector, headquartered in Sweden (SE). Established in 2017, the company has rapidly positioned itself as a leader in the acquisition and management of grocery store properties across the Nordic region, including Sweden, Finland, and Norway. Cibus focuses on high-quality, essential retail properties, primarily anchored by grocery chains, which ensures stable cash flows and long-term value. Its unique investment strategy centres on acquiring properties with strong tenant covenants, providing a resilient portfolio that thrives even in fluctuating market conditions. With a commitment to sustainable growth and a robust operational framework, Cibus has achieved significant milestones, including a successful listing on the Nasdaq First North Growth Market. The company continues to enhance its market presence, making it a noteworthy entity in the Nordic real estate landscape.
DitchCarbon Score
How does Cibus Nordic Real Estate Ab Publ'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.
Industry Average
Mean score of companies in the Real Estate Services 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.
Industry Benchmark
Cibus Nordic Real Estate Ab Publ's score of 71 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cibus Nordic Real Estate Ab Publ's reported carbon emissions
In 2024, Cibus Nordic Real Estate AB (publ) reported total carbon emissions of approximately 38.3 million kg CO2e. This figure includes Scope 1 emissions of about 680,000 kg CO2e, Scope 2 emissions of approximately 4.7 million kg CO2e (location-based), and a significant contribution from Scope 3 emissions, which totalled around 37.6 million kg CO2e. For the previous year, 2023, the company recorded total emissions of approximately 30.2 million kg CO2e, with Scope 1 emissions at about 112,000 kg CO2e, Scope 2 emissions at around 7,000 kg CO2e, and Scope 3 emissions reaching approximately 183,000 kg CO2e. Cibus has set ambitious climate commitments, aiming for a 42% reduction in Scope 1 and Scope 2 emissions by 2030, using 2022 as the base year. This target has been approved by the Science Based Targets initiative (SBTi) and reflects the company's commitment to align with the 1.5°C climate goal. Additionally, Cibus is focused on measuring and reducing its Scope 3 emissions as part of its broader climate strategy. The company is on track to achieve its near-term targets, which are part of its long-term goal of climate neutrality by 2030. These initiatives underscore Cibus's dedication to sustainability and responsible real estate management in Sweden and beyond.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 2,000 | 0,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,340,000 | 0,000,000 | 0,000,000 | 00,000 | 00,000 |
| Scope 3 | 11,960,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Cibus Nordic Real Estate Ab Publ's Industry?
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Cibus Nordic Real Estate Ab Publ's Scope 3 Categories Breakdown
Cibus Nordic Real Estate Ab Publ's Scope 3 emissions, which increased by 21% last year and increased by approximately 214% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 78% of Scope 3 emissions.
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Cibus Nordic Real Estate Ab Publ's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cibus Nordic Real Estate Ab Publ has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Cibus Nordic Real Estate Ab Publ's sustainability data and climate commitments