Kährs BondCo AB (publ)

Kährs BondCo AB (publ), headquartered in Sweden, reported Scope 1 emissions of approximately 899,000 kg CO2e and Scope 2 (market-based) emissions of around 1,700,000 kg CO2e for 2023. In 2022, their Scope 1 emissions were about 1,159,000 kg CO2e and Scope 2 (market-based) emissions were approximately 2,860,000 kg CO2e. Looking back to 2021, the company's Scope 1 emissions were approximately 1,903,000 kg CO2e, and Scope 2 (market-based) emissions reached around 10,325,000 kg CO2e. For 2020, Scope 1 emissions were about 2,658,000 kg CO2e and Scope 2 (market-based) emissions were around 8,706,000 kg CO2e. In 2018, Kährs BondCo AB (publ) reported Scope 1 emissions of approximately 14,830,000 kg CO2e (specifically from mobile combustion) and Scope 3 emissions, including about 9,600,000 kg CO2e from upstream transportation and distribution and 3,960,000 kg CO2e from downstream transportation and distribution.

Kährs BondCo AB (publ) has set ambitious climate commitments, with Science Based Targets initiative (SBTi) validated targets. The company, through Kährs Group and Kährs Holding AB, aims to achieve net-zero greenhouse gas emissions across its value chain by 2040.

Near-term targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 95% by 2030 from a 2020 base year.
• Increasing active annual sourcing of renewable electricity from 74.5% in 2022 to 100% by 2030.
• Reducing Scope 3 GHG emissions by 42% by 2030 from a 2020 base year.
• Reducing absolute Scope 3 FLAG GHG emissions by 30.3% by 2030 from a 2020 base year, including a commitment to no deforestation across its primary deforestation-linked commodities by 2025.

Long-term targets include:

• Maintaining a minimum of 95% absolute Scope 1 and 2 GHG emissions from 2030 through 2040 from a 2020 base year.
• Reducing Scope 3 GHG emissions by 90% by 2040 from a 2020 base year.
• Reducing absolute Scope 3 FLAG GHG emissions by 72% by 2040 from a 2020 base year.