Preem

Preem's reported carbon emissions

Preem, headquartered in SE, has reported its carbon emissions for recent years, offering insights into its climate commitments. **Emissions Overview:** * **2024:** Preem's total reported emissions for 2024 were approximately 52.56 billion kg CO2e. This figure comprises Scope 1 emissions of about 1.94 billion kg CO2e, Scope 2 emissions (market-based) of approximately 22.6 million kg CO2e, and Scope 3 emissions, which included about 3.92 billion kg CO2e from purchased goods and services and 1.15 million kg CO2e from business travel. * **2023:** In 2023, total emissions stood at approximately 53.25 billion kg CO2e. Scope 1 emissions were around 2.06 billion kg CO2e, Scope 2 emissions (market-based) were approximately 30.9 million kg CO2e, and Scope 3 emissions included roughly 2.94 billion kg CO2e for purchased goods and services and 340,000 kg CO2e for business travel. * **2022:** Total emissions for 2022 were about 52.49 billion kg CO2e. Scope 1 emissions were approximately 1.97 billion kg CO2e, Scope 2 emissions (market-based) were around 25.6 million kg CO2e, and Scope 3 emissions included about 3.2 billion kg CO2e from purchased goods and services and 420,000 kg CO2e from business travel. * **2021:** Preem reported total emissions of approximately 51.98 billion kg CO2e in 2021. Scope 1 emissions were about 2.12 billion kg CO2e, and Scope 2 emissions (market-based) were approximately 11.2 million kg CO2e. A significant portion of Scope 3 emissions was reported as approximately 4.22 billion kg CO2e, with specific category data for purchased goods and services being a missing data point. * **2018:** In 2018, Scope 1 emissions were around 2.16 billion kg CO2e and Scope 2 emissions (market-based) were approximately 150,000 kg CO2e. Scope 3 emissions were reported as approximately 50.18 billion kg CO2e. Purchased goods and services were noted as a missing data point within Scope 3. **Climate Commitments and Targets:** Preem is committed to reducing its climate impact and has set ambitious targets: * **Near-Term Target:** The company aims to reduce its direct greenhouse gas emissions (Scope 1) by 50 percent by 2030, using 2018 as the baseline year. * **Long-Term Target (Net-Zero):** Preem has defined climate neutrality based on the Science Based Targets Net-Zero standard. This involves a reduction of at least 90 percent of emissions across the value chain from the base year of 2018, with a target year of 2035. **Data Cascading:** Preem's emissions data is presented as part of a corporate family structure. While Preem AB (publ) is the immediate source of performance data at cascade level 0, CDP data is sourced from Corral Petroleum Holdings AB (publ) at cascade level 2. This indicates that Preem is a current subsidiary within a larger organisational framework.