Lsth Svenska Handelsfastigheter

LSTH Svenska Handelsfastigheter AB, a real estate services company based in Sweden, has reported significant carbon emissions and set ambitious climate commitments.

Emissions Overview:

• 2024: Scope 2 emissions were approximately 26,284,000 kg CO2e.
• 2023: Total emissions reached approximately 100,894,000 kg CO2e, comprising Scope 1 at 1,324,000 kg CO2e, Scope 2 at 13,188,000 kg CO2e, and Scope 3 at 86,386,000 kg CO2e.
• 2022: Total emissions were approximately 68,847,000 kg CO2e, with Scope 1 at 3,384,000 kg CO2e, Scope 2 at 12,261,000 kg CO2e, and Scope 3 at 53,202,000 kg CO2e.
• 2021: Scope 1 emissions were approximately 3,210,000 kg CO2e and Scope 2 emissions were approximately 12,860,000 kg CO2e.
• 2020: Scope 2 emissions were approximately 13,730,000 kg CO2e.

Climate Commitments and Reduction Targets:

LSTH Svenska Handelsfastigheter AB is committed to significant greenhouse gas (GHG) reductions, aligning with Science Based Targets initiative (SBTi) standards.

• Near-Term Targets (by 2030, from a 2020 base year):

  • A 42% reduction in Scope 1 and Scope 2 GHG emissions.
  • A commitment to measure and reduce Scope 3 emissions.

• Long-Term Targets (by 2035, from a 2024 base year):

  • A 63.0% reduction in in-use operational GHG emissions for owned and leased buildings (covering Downstream leased assets) per square meter.
  • A 66.3% reduction in Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, waste generated in operations, business travel, and employee commuting per square meter.
  • A commitment to install no new fossil fuel equipment owned or financially controlled by the company in its building portfolios from March 17, 2026.

These targets are classified as 1.5°C-aligned, indicating a commitment to contribute to limiting global warming to this level. The company has stated its near-term targets have been set.