OKQ8 Sustainability Profile
OKQ8, officially known as OKQ8 AB, is a prominent player in the Swedish fuel and convenience store industry, headquartered in Sweden. Founded in 1984, the company has established a strong presence across the Nordic region, particularly in Sweden, where it operates numerous service stations and convenience stores. Specialising in fuel distribution, car services, and retail offerings, OKQ8 distinguishes itself through its commitment to sustainability and customer service. The company provides a range of high-quality fuels, including renewable options, alongside a variety of convenience products that cater to the needs of modern consumers. With a significant market share and a reputation for reliability, OKQ8 has achieved notable milestones, including the expansion of its service network and the introduction of innovative services. This positions OKQ8 as a leader in the industry, dedicated to meeting the evolving demands of its customers while promoting environmentally friendly practices.
DitchCarbon Score
How does OKQ8's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
OKQ8's score of 63 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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OKQ8's reported carbon emissions
In 2024, OKQ8 reported total carbon emissions of approximately 9,743,973,000 kg CO2e, comprising 705,000 kg CO2e from Scope 1, 5,052,000 kg CO2e from Scope 2, and a significant 9,738,216,000 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 8,480,162,000 kg CO2e, with Scope 1 emissions at 899,000 kg CO2e and Scope 2 at 5,525,000 kg CO2e. OKQ8 has set ambitious climate commitments, aiming for a minimum reduction of 90% in Scope 1 and Scope 2 emissions by 2025-26. Additionally, the company has established a long-term net zero target, intending to reduce emissions by 90% by 2035. These targets reflect a commitment to significant emissions reductions across all scopes, aligning with industry standards for climate action. The emissions data is cascaded from its parent company, OK-Q8 AB, indicating a structured approach to sustainability within the corporate family. OKQ8's initiatives demonstrate a proactive stance in addressing climate change and reducing its carbon footprint.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,048,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 17,692,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 11,831,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is OKQ8's Industry?
How Carbon Intensive is OKQ8's Location?
OKQ8's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
OKQ8 has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
