Kungsleden AB

Kungsleden AB, headquartered in SE and operating in the real estate services industry, has established several climate commitments and reported on its carbon emissions.

Emissions Data:

• 2020: Kungsleden AB reported a total of approximately 19.22 million kg CO2e in emissions. This comprised approximately 22,000 kg CO2e for Scope 1, approximately 9.46 million kg CO2e for Scope 2 (market-based), approximately 15.51 million kg CO2e for Scope 2 (location-based), and approximately 7.80 million kg CO2e for Scope 3.
• 2019: The company reported approximately 79,000 kg CO2e for Scope 1 emissions and approximately 12.83 million kg CO2e for Scope 2 emissions. Scope 3 data was not disclosed for this year.
• 2018: Kungsleden AB reported approximately 54,000 kg CO2e for Scope 1 emissions and approximately 15.23 million kg CO2e for Scope 2 emissions. Scope 3 data was not disclosed for this year.
• 2017: Total emissions were approximately 13.77 million kg CO2e, with Scope 1 accounting for approximately 97,000 kg CO2e and Scope 2 for approximately 13.67 million kg CO2e. Scope 3 data was not disclosed.

Climate Commitments and Reduction Targets:

Kungsleden AB has set several reduction targets:

• Science-Based Targets (SBTi): Kungsleden AB commits to reducing absolute Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from a 2018 base year. They also commit to measuring and reducing their Scope 3 emissions. These targets are consistent with reductions required to keep warming to 1.5°C.
• Energy Consumption Reduction: The company had a long-term goal to reduce energy consumption by 20% between 2014 and 2020, which they expected to achieve. This equated to an annual reduction of approximately 3%.
• Fossilfritt Sverige Initiative: Kungsleden AB is participating in the "Fossilfritt Sverige" initiative, which aims to reduce carbon dioxide emissions by 20% between 2018 and 2023.
• Castellum Group Targets: As Kungsleden AB is a subsidiary of Castellum AB, it is influenced by Castellum's broader climate commitments. Castellum commits to achieving net-zero greenhouse gas emissions across its value chain by 2040 at the latest. This includes targets such as reducing climate impact from property management by 46% by 2030 and reducing climate impact per square metre of the total asset portfolio by 78% by 2040. Castellum also aims to reduce climate impact from purchased goods and services by 52% by 2030.

Kungsleden AB's efforts indicate a commitment to progressively reducing its operational emissions and contributing to broader climate goals within the real estate sector.