Kvadrat

Kvadrat, a Danish company in the Wearing Apparel and Furs industry, reported its 2024 emissions at approximately 46.9 million kg CO2e. This figure represents a decrease from 2023, when total emissions were approximately 58.0 million kg CO2e.

In 2024, Kvadrat's Scope 1 emissions were approximately 1.1 million kg CO2e, with mobile combustion accounting for approximately 404,000 kg CO2e and stationary combustion for approximately 690,000 kg CO2e. Scope 2 emissions (market-based) were approximately 929,000 kg CO2e. Scope 3 emissions totalled approximately 44.9 million kg CO2e, with purchased goods and services being the largest contributor at approximately 37.0 million kg CO2e. Other significant Scope 3 categories included investments (approximately 248,000 kg CO2e), capital goods (approximately 313,000 kg CO2e), and upstream transportation and distribution (approximately 5.7 million kg CO2e).

Kvadrat has set ambitious Science Based Targets initiative (SBTi) verified targets. The company commits to achieving net-zero greenhouse gas emissions across its value chain by 2040, with a 2019 baseline. Near-term targets include an 80% absolute reduction in 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. For long-term targets, Kvadrat commits to a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2040 and a 90% absolute reduction in the specified Scope 3 categories by 2040.