Kingdom Holdings

Kingdom Holdings, a Saudi Arabian company in the Hotel and Restaurant Services industry, reported its most recent carbon emissions for 2018. The company's total reported emissions were approximately 111.4 million kg CO2e, comprising about 4.8 million kg CO2e from Scope 1 emissions and approximately 106.6 million kg CO2e from Scope 2 emissions. In 2017, total reported emissions were around 97.6 million kg CO2e (5.3 million kg CO2e Scope 1, 92.3 million kg CO2e Scope 2), and in 2016, they were approximately 102.9 million kg CO2e (8.5 million kg CO2e Scope 1, 94.5 million kg CO2e Scope 2). Scope 3 emissions data was not disclosed for these years.

Kingdom Holdings is committed to ambitious climate targets, which are directly set by the company. The company has set a Science Based Targets initiative (SBTi) approved net-zero target to reach net-zero greenhouse gas emissions across its value chain by 2050.

Their near-term targets include:

• Reducing absolute Scope 1 and Scope 2 GHG emissions by 42% by 2030, from a 2022 base year.
• Reducing absolute Scope 3 GHG emissions by 25% by 2030, from a 2022 base year.

For the long term, Kingdom Holdings aims to:

• Reduce absolute Scope 1 and Scope 2 GHG emissions by 90% by 2050, from a 2022 base year.
• Reduce absolute Scope 3 GHG emissions by 90% by 2050, from a 2022 base year.