Olav Thon Eiendomsselskap Sustainability Profile
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 42 is higher than 63% 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 146,743,600 kg CO2e. This figure includes 66,900 kg CO2e from Scope 1 emissions, 3,420,000 kg CO2e from Scope 2 emissions, and a significant 143,256,600 kg CO2e from Scope 3 emissions. The total emissions from Scope 1 and 2 combined amounted to about 3,487,700 kg CO2e. The company has shown a commitment to transparency in its emissions reporting, disclosing data across all three scopes. However, there are currently no specific reduction targets or initiatives outlined in their sustainability reports. The emissions data is cascaded from the parent company, Olav Thon Gruppen AS, indicating a corporate family relationship that influences their sustainability strategies. In previous years, emissions have varied, with 2022 reporting a total of 5,252,200 kg CO2e for Scope 1 and 2 combined, and 9,149,400 kg CO2e in 2021. The trend indicates a need for ongoing efforts to manage and reduce emissions, particularly in Scope 3, which represents the largest portion of their carbon footprint. Overall, while Olav Thon Eiendomsselskap has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for enhanced climate commitments moving forward.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 95,300 | 00,000 | 00,000 | - | 00,000 |
| Scope 2 | 5,854,000 | 0,000,000 | 0,000,000 | - | 0,000,000 |
| Scope 3 | 65,832,200 | 0,000,000 | 0,000,000 | - | 000,000,000 |
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Olav Thon Eiendomsselskap'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.
Olav Thon Eiendomsselskap 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.
