Hufvudstaden
Hufvudstaden AB, a prominent player in the Swedish real estate sector, is headquartered in Stockholm, Sweden. Established in 1906, the company has built a strong reputation for its focus on premium commercial properties, particularly in the central business districts of Stockholm and Gothenburg. Specialising in the development, management, and leasing of office and retail spaces, Hufvudstaden is known for its commitment to quality and sustainability. The company’s portfolio includes iconic properties that blend historical significance with modern functionality, setting it apart in a competitive market. With a strategic emphasis on long-term value creation, Hufvudstaden has achieved notable milestones, including a robust market position and recognition for its innovative approach to urban development.
DitchCarbon Score
How does Hufvudstaden'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
Hufvudstaden's score of 38 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hufvudstaden's reported carbon emissions
In 2023, Hufvudstaden reported total carbon emissions of approximately 5,577,000 kg CO2e, with emissions distributed across various scopes: 106,000 kg CO2e from Scope 1, 853,000 kg CO2e from Scope 2, and a significant 4,617,000 kg CO2e from Scope 3. The Scope 3 emissions include 4,534,000 kg CO2e from purchased goods and services, 440,000 kg CO2e from waste generated in operations, and 220,000 kg CO2e from fuel and energy-related activities. Hufvudstaden has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using 2019 as the base year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. The company is also committed to measuring and reducing its Scope 3 emissions, reflecting a comprehensive approach to climate action. In 2024, Hufvudstaden's total emissions increased to approximately 6,293,000 kg CO2e, with Scope 1 emissions at 291,000 kg CO2e, Scope 2 at 885,000 kg CO2e, and Scope 3 at 5,118,000 kg CO2e. This upward trend highlights the ongoing challenges in managing emissions, particularly in Scope 3, which often constitutes the largest share of a company's carbon footprint. Overall, Hufvudstaden's commitment to significant emissions reductions and its proactive stance on climate accountability position it as a responsible player in the real estate sector in Sweden.
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| 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 329,000 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 630,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions 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.
Hufvudstaden 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.
