Olav Thon Eiendomsselskap
Olav Thon Eiendomsselskap, commonly referred to as Thon Eiendom, is a prominent player in the Norwegian real estate industry, headquartered in Oslo, Norway. Founded in 1982, the company has established itself as a leader in property management and development, focusing primarily on shopping centres, hotels, and commercial properties across Norway and Sweden. With a diverse portfolio that includes over 100 properties, Thon Eiendom is renowned for its commitment to sustainability and innovative design. The company has achieved significant milestones, including the development of several award-winning shopping centres that enhance urban environments. As a key market participant, Olav Thon Eiendomsselskap continues to set benchmarks in the real estate sector, driven by a vision of creating vibrant spaces that foster community engagement.
DitchCarbon Score
How does Olav Thon Eiendomsselskap'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 Real Estate 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
Olav Thon Eiendomsselskap's score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Olav Thon Eiendomsselskap's reported carbon emissions
In 2023, Olav Thon Eiendomsselskap reported total carbon emissions of approximately 1,467,436,000 kg CO2e. This figure includes 669,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling, accounted for about 34,200,000 kg CO2e. The majority of emissions, approximately 1,432,566,000 kg CO2e, were classified as Scope 3, which includes indirect emissions from the value chain. Comparatively, in 2022, the company’s total emissions were about 204,420,000 kg CO2e, with Scope 1 emissions at 102,492,000 kg CO2e, Scope 2 at approximately 54,023,000 kg CO2e, and Scope 3 at 47,905,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Olav Thon Eiendomsselskap is a current subsidiary of Olav Thon Gruppen AS, which influences its sustainability initiatives and reporting. However, there are currently no specific reduction targets or climate pledges documented for the company. The absence of defined reduction initiatives suggests a need for further commitment to climate action within the industry context. Overall, while the company has reported substantial emissions figures, the lack of clear reduction strategies highlights an area for potential improvement in their climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 73,800 | 00,000 | 000,000,000 | 000,000 |
| Scope 2 | 4,702,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,443,200 | 0,000,000 | 00,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Olav Thon Eiendomsselskap is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
