Pandox
Pandox AB, headquartered in Sweden, is a leading player in the hotel property industry, specialising in the ownership, management, and development of hotel properties across Europe. Founded in 1995, Pandox has established a strong presence in major operational regions, including Scandinavia, Germany, and the UK, with a portfolio that encompasses over 150 hotels. The company’s core services include hotel management and property development, focusing on maximising the value of hotel assets through strategic partnerships and innovative operational practices. Pandox is recognised for its unique approach to asset management, which combines extensive market knowledge with a commitment to sustainability. With a robust market position, Pandox has achieved notable milestones, including significant expansions and successful collaborations with leading hotel brands, solidifying its reputation as a trusted partner in the hospitality sector.
DitchCarbon Score
How does Pandox'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
Pandox's score of 49 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pandox's reported carbon emissions
In 2023, Pandox reported total carbon emissions of approximately 105,097,000 kg CO2e. This figure includes 5,435,000 kg CO2e from Scope 1 emissions and 4,546,000 kg CO2e from Scope 2 emissions (market-based). The majority of their emissions, about 95,016,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from their value chain. Pandox has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year. Additionally, they plan to cut Scope 3 emissions from purchased goods and services and downstream leased assets by 25% within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support efforts to limit global warming to 1.5°C. The company's emissions data reflects a significant reduction from previous years, with total emissions decreasing from approximately 110,088,000 kg CO2e in 2021 and 97,722,000 kg CO2e in 2022. Pandox's commitment to sustainability and climate action is evident in their ongoing efforts to monitor and reduce their carbon footprint across all scopes of emissions.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 4,276,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,703,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 134,795,000 | 000,000,000 | 00,000,000 | 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.
Pandox is committed to some reduction initiatives 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.
