Preem

Preem, an insurance and pension funding services company headquartered in SE, has reported total emissions of approximately 52.6 billion kg CO2e for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

Looking at specific scopes for 2024, Preem's Scope 1 emissions were approximately 1.94 billion kg CO2e, and Scope 2 emissions were about 22.6 million kg CO2e (market-based). Scope 3 emissions for the same year included approximately 3.92 billion kg CO2e from purchased goods and services, 1.15 million kg CO2e from business travel, and 400,000 kg CO2e from upstream transportation and distribution.

In 2023, Preem's total emissions were approximately 53.2 billion kg CO2e. Scope 1 emissions stood at around 2.06 billion kg CO2e, and Scope 2 emissions at approximately 30.9 million kg CO2e (market-based). Scope 3 emissions for 2023 included about 2.94 billion kg CO2e from purchased goods and services, 1 million kg CO2e from upstream transportation and distribution, and 340,000 kg CO2e from business travel.

Preem has established significant climate commitments. The company aims to reduce its direct greenhouse gas emissions (Scope 1) by 50% by 2030, using 2018 as the base year. Furthermore, Preem has a long-term goal of achieving climate neutrality by 2035, aligning with the Science Based Targets Net-Zero standard. This definition entails a reduction of at least 90% of emissions across the value chain from the 2018 base year.

The emissions data for Preem is cascaded from its ultimate parent, Preem AB (publ), at cascade level 3 as a current subsidiary.