Ratos

Ratos's reported carbon emissions

Ratos, headquartered in SE and operating in financial intermediation services (excluding insurance and pension funding), has disclosed its carbon emissions and climate commitments. **Carbon Emissions:** * **2025:** Ratos reported a total of approximately 464.8 million kg CO2e. This comprised approximately 17.7 million kg CO2e for Scope 1 emissions, and approximately 12.8 million kg CO2e for Scope 2 (market-based). Scope 3 emissions were the largest contributor, at approximately 434.2 million kg CO2e. Key Scope 3 categories included purchased goods and services (approximately 282.9 million kg CO2e) and capital goods (approximately 37.0 million kg CO2e). * **2024:** The company's total emissions were approximately 979.8 million kg CO2e. Scope 1 emissions were approximately 14.8 million kg CO2e, and Scope 2 emissions (market-based) were approximately 52.4 million kg CO2e. Scope 3 emissions accounted for approximately 912.5 million kg CO2e, with purchased goods and services being the most significant at approximately 723.4 million kg CO2e. * **2023:** Ratos reported Scope 1 emissions of approximately 60.8 million kg CO2e and Scope 2 emissions (market-based) of approximately 1,335.5 million kg CO2e. Scope 3 emissions data was not fully disclosed for this year. * **2017-2022:** For these years, Ratos reported only specific Scope 3 emissions related to business travel, which ranged from approximately 23,000 kg CO2e in 2022 to approximately 484,000 kg CO2e in 2016. **Climate Commitments and Reduction Targets:** Ratos has established several science-based climate targets for the long term and near term: * **Net-Zero by 2050:** Ratos is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. This commitment includes a long-term target to reduce absolute Scope 1 and Scope 2 GHG emissions by 90.0% by 2050, from a 2024 base year. * **Near-Term Reductions:** For the near term, Ratos aims to reduce absolute Scope 1 and 2 GHG emissions by 42.0% by 2030, based on a 2024 base year. * **Scope 3 Intensity Targets:** Ratos is also focusing on Scope 3 emissions intensity, committing to reduce these emissions by 51.6% per SEK value added by 2030 from a 2024 base year. For the long term, an ambitious 97.0% reduction in Scope 3 GHG emissions per SEK value added is targeted by 2050. * **Renewable Electricity:** The company has a commitment to increase its active annual sourcing of renewable electricity from 33.0% in 2024 to 88.0% by 2027. These targets are consistent with the goal of limiting global warming to 1.5°C and have been validated by the Science Based Targets initiative (SBTi). Additionally, an earlier target from 2020 aimed to reduce CO2 emissions by 20% by 2020, based on 2016 levels, which appears to have been met.