Preem
Preem AB, commonly referred to as Preem, is a leading player in the Swedish energy sector, headquartered in Stockholm, Sweden. Founded in 1994, the company has established itself as a key provider of refined petroleum products and biofuels, primarily serving the Nordic region. Preem's core offerings include high-quality fuels, lubricants, and renewable energy solutions, distinguished by their commitment to sustainability and innovation. The company has made significant strides in reducing carbon emissions and enhancing energy efficiency, positioning itself as a pioneer in the transition to greener energy sources. With a robust market presence, Preem has achieved notable milestones, including the development of Sweden's largest refinery and a strong focus on circular economy principles. As a result, Preem continues to play a vital role in shaping the future of energy in Sweden and beyond.
DitchCarbon Score
How does Preem'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 Insurance 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
Preem's score of 33 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Preem's reported carbon emissions
In 2023, Preem reported total carbon emissions of approximately 46,393,340,000 kg CO2e, comprising 2,056,000,000 kg CO2e from Scope 1, 14,700,000 kg CO2e from Scope 2, and 46,393,340,000 kg CO2e from Scope 3 emissions. This reflects a slight increase in Scope 1 emissions compared to 2022, where they were about 1,971,000,000 kg CO2e. Over the years, Preem's emissions have shown variability. For instance, in 2021, the company recorded total emissions of approximately 51,981,000,000 kg CO2e, with Scope 1 emissions at 2,123,000,000 kg CO2e and Scope 3 emissions at 46,400,740,000 kg CO2e. The company has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. Preem's emissions profile indicates a significant reliance on Scope 3 emissions, which are often the largest component for companies in the oil and gas sector. The absence of defined reduction targets suggests that while Preem is aware of its carbon footprint, it may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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Get Started| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,064,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 140,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 47,721,050,000 | 000,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Preem is not committed to any 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.
