Fagerhult

Fagerhult, headquartered in Sweden and operating in the Electricity nec industry, has reported its carbon emissions and set ambitious climate targets.

For 2025, Fagerhult's reported Scope 1 emissions were 7,988,000 kg CO2e, Scope 2 emissions (market-based) were 1,967,000 kg CO2e, and Scope 3 emissions were 1,646,220,000 kg CO2e. In 2024, the company reported Scope 1 emissions of 7,824,000 kg CO2e, Scope 2 emissions (market-based) of 3,416,000 kg CO2e, and Scope 3 emissions of 2,013,663,000 kg CO2e. In 2023, Fagerhult's total reported emissions were approximately 2,744,517,000 kg CO2e, with Scope 1 at 7,558,000 kg CO2e, Scope 2 (market-based) at 4,273,000 kg CO2e, and Scope 3 at 2,732,853,000 kg CO2e. The largest contributor to Scope 3 emissions in 2023 was the use of sold products, accounting for approximately 2,602,063,000 kg CO2e. Looking back to 2022, total reported emissions were approximately 3,467,282,000 kg CO2e, comprising Scope 1 at 9,133,000 kg CO2e, Scope 2 (market-based) at 5,479,000 kg CO2e, and Scope 3 at 3,452,792,000 kg CO2e, with use of sold products again being the dominant Scope 3 category at approximately 3,294,910,000 kg CO2e. In 2021, the company reported Scope 1 emissions of 10,580,000 kg CO2e, Scope 2 (market-based) of 10,339,000 kg CO2e, and Scope 3 of 3,280,156,000 kg CO2e. For 2020, Fagerhult reported Scope 1 emissions of 9,888,000 kg CO2e, Scope 2 emissions of 7,063,000 kg CO2e, and Scope 3 emissions of 9,000 kg CO2e. In 2019, Scope 1 emissions were 7,468,000 kg CO2e, Scope 2 emissions were 5,049,000 kg CO2e, and Scope 3 emissions were 1,200,000 kg CO2e. For 2018, Scope 1 emissions were 8,478,000 kg CO2e and Scope 2 emissions were 6,221,000 kg CO2e, with no Scope 3 data disclosed for that year.

Fagerhult has made significant climate commitments, with targets validated by the Science Based Targets initiative (SBTi). The company has a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 70% by 2030 from a 2021 base year. Additionally, Fagerhult aims to reduce absolute Scope 3 GHG emissions by 30% within the same timeframe. For the long term, Fagerhult commits to reach net-zero GHG emissions across its entire value chain by 2045. This includes long-term targets to reduce absolute Scope 1 and 2 GHG emissions by 90% and absolute Scope 3 GHG emissions by 90% by 2045 from a 2021 base year. The company also states an aim to reduce Scope 1 and Scope 2 emissions to near zero by 2025. These targets are consistent with reductions required to keep global warming to 1.5°C.