Olav Thon Gruppen
Olav Thon Gruppen, a prominent player in the Norwegian real estate and hospitality sectors, is headquartered in Oslo, Norway. Founded in 1951, the company has established itself as a leader in property management and development, with a diverse portfolio that includes shopping centres, hotels, and residential properties across Norway and Sweden. The group is renowned for its commitment to sustainability and innovation, offering unique services that enhance customer experiences in both retail and accommodation. With a strong market position, Olav Thon Gruppen has achieved significant milestones, including the development of some of Norway's largest shopping centres. Its dedication to quality and community engagement has solidified its reputation as a trusted name in the industry.
DitchCarbon Score
How does Olav Thon Gruppen'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
Olav Thon Gruppen'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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Olav Thon Gruppen's reported carbon emissions
In 2024, Olav Thon Gruppen reported total carbon emissions of approximately 144,649,000 kg CO2e. This figure includes Scope 1 emissions of about 3,989,000 kg CO2e, primarily from stationary combustion, which accounted for approximately 3,730,000 kg CO2e. Scope 2 emissions were significant, totalling about 106,767,000 kg CO2e, with the majority arising from purchased electricity. Scope 3 emissions were also considerable, reaching approximately 33,893,000 kg CO2e, with downstream leased assets contributing about 18,969,000 kg CO2e. In 2023, the company’s total emissions were reported at approximately 322,687,000 kg CO2e, with Scope 1 emissions at about 4,887,000 kg CO2e and Scope 2 emissions at approximately 9,328,000 kg CO2e. The Scope 3 emissions for that year were notably high at around 308,473,000 kg CO2e, driven largely by capital goods, which accounted for approximately 215,414,000 kg CO2e. Olav Thon Gruppen has committed to achieving net-zero emissions across all scopes by 2050, as part of their Science Based Targets initiative (SBTi) commitments. This long-term target reflects their dedication to reducing their carbon footprint and aligns with global climate goals. The company is currently on track with its near-term targets, demonstrating a proactive approach to sustainability. The emissions data reported by Olav Thon Gruppen is cascaded from its parent company, Olav Thon Gruppen AS, ensuring consistency and transparency in their climate reporting.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 8,617,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 67,971,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
| Scope 3 | 45,429,000 | 0,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
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 Gruppen is participating in some 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.
