Kvadrat

Kvadrat, headquartered in Denmark and operating in the Wearing apparel; furs industry, has disclosed its carbon emissions and climate commitments.

In 2024, Kvadrat reported total emissions of 46,879 kg CO2e. This includes Scope 1 emissions of 1,095,000 kg CO2e, primarily from stationary combustion (690,000 kg CO2e) and mobile combustion (404,000 kg CO2e). Scope 2 emissions (market-based) were 929,000 kg CO2e, with purchased electricity accounting for 20,000 kg CO2e. Scope 3 emissions totalled 44,856 kg CO2e, with significant contributions from purchased goods and services (37,044 kg CO2e), capital goods (313,000 kg CO2e), and upstream transportation and distribution (5,670 kg CO2e).

Looking back, Kvadrat's emissions in 2023 were 58,041 kg CO2e. This comprised Scope 1 emissions of 1,237,000 kg CO2e, Scope 2 emissions (market-based) of 1,271,000 kg CO2e, and Scope 3 emissions of 55,533 kg CO2e. In 2022, the company reported Scope 1 emissions of 1,496,000 kg CO2e, Scope 2 emissions (market-based) of 872,000 kg CO2e, and Scope 3 emissions of 57,268 kg CO2e. For 2021, Kvadrat disclosed Scope 1 emissions of 1,479,000 kg CO2e and Scope 2 emissions (market-based) of 2,414,000 kg CO2e. In 2020, Scope 1 emissions were 1,356,000 kg CO2e and Scope 2 emissions (market-based) were 2,268,000 kg CO2e. The 2019 data shows Scope 1 emissions of 1,355,000 kg CO2e and Scope 2 emissions (market-based) of 2,420,000 kg CO2e.

Kvadrat has set ambitious Science Based Targets initiative (SBTi) approved goals. The company commits to reach net-zero greenhouse gas emissions across its value chain by 2040, using a 2019 base year. Near-term targets include an 80% reduction in absolute Scope 1 and 2 GHG emissions by 2030. Additionally, Kvadrat aims to reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, upstream transportation and distribution, business travel, and investments by 30% by 2030 from the same 2019 baseline. Long-term targets involve a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2040, and a 90% reduction in absolute Scope 3 GHG emissions from the aforementioned categories by 2040.

Earlier, Kvadrat had stated a commitment to achieve a 50% carbon reduction in Scope 1 and 2 by 2026, reaching 100% by 2030, with the aim to become net-zero in Scope 1-3 by 2040, also from a 2019 baseline. They also committed to reducing Scope 3 emissions by 30% by 2030 to achieve net zero in Scope 1-3 by 2040. All emissions data and reduction targets are directly from Kvadrat A/S.