Latour

Latour's reported carbon emissions

## Latour: Climate Commitments and Emissions Overview Investment AB Latour, headquartered in SE and operating within financial intermediation services (excluding insurance and pension funding), is committed to reducing its environmental impact. For the reporting year 2024, Latour reported total emissions of approximately **5.71 billion kg CO2e**. ### Emissions Breakdown (2024): * **Scope 1:** Approximately 11.8 million kg CO2e. * **Scope 2:** Approximately 4.9 million kg CO2e (market-based). * **Scope 3:** Approximately 5.70 billion kg CO2e, with the largest contributors being the use of sold products and purchased goods and services. ### Emissions Trends: * In 2023, total emissions were not fully reported, but Scope 1 and 2 combined amounted to approximately 17.3 million kg CO2e, and Scope 3 emissions from investments were 57.9 million kg CO2e. * For the reporting year 2022, total emissions were approximately 6.28 billion kg CO2e, with Scope 1 and 2 combined at approximately 17.9 million kg CO2e, and Scope 3 at approximately 6.26 billion kg CO2e. ### Climate Targets and Initiatives: Latour has established a clear target to reduce its greenhouse gas emissions. The company aims for: * A **40% reduction in Scopes 1 and 2 emissions by 2030**, with 2022 as the base year. * A **20% reduction in Scope 3 emissions by 2030**, also using 2022 as the base year. Furthermore, Latour mandates that all its holdings must be committed to the Science Based Targets initiative (SBTi) with validated targets no later than 2025. This strategic imperative ensures a consistent approach to decarbonisation across its portfolio. The company's 2024 sustainability report indicates progress on these targets, with Scopes 1 and 2 showing on-track performance for the two-year period leading up to 2024, while Scope 3 performance for the same period is noted as not on track.