Sagax

Sagax, a real estate services company headquartered in Sweden, has established a comprehensive approach to managing its carbon emissions and climate impact.

Recent Emissions Performance:

• 2025: Sagax reported total emissions of approximately 203.9 million kg CO2e. This breakdown includes approximately 7 thousand kg CO2e for Scope 1, around 26 thousand kg CO2e for Scope 2 (market-based), and approximately 114.1 million kg CO2e for Scope 3.
• 2024: Total emissions stood at approximately 245.4 million kg CO2e, comprising about 5 thousand kg CO2e for Scope 1, roughly 31 thousand kg CO2e for Scope 2 (market-based), and approximately 113.5 million kg CO2e for Scope 3.
• 2023: Sagax's total emissions for 2023 were approximately 49.6 million kg CO2e, with Scope 1 emissions at about 6 thousand kg CO2e, Scope 2 (market-based) at around 42 thousand kg CO2e, and Scope 3 emissions at approximately 49.5 million kg CO2e.
• 2022: Total emissions were reported as approximately 46.0 million kg CO2e, including about 11 thousand kg CO2e for Scope 1, approximately 62 thousand kg CO2e for Scope 2 (market-based), and around 45.9 million kg CO2e for Scope 3.
• 2021: Total emissions amounted to approximately 16.2 million kg CO2e, with Scope 1 emissions at about 16 thousand kg CO2e, Scope 2 (market-based) at roughly 22 thousand kg CO2e, and Scope 3 emissions at approximately 16.1 million kg CO2e.
• 2020: Sagax reported total emissions of approximately 9.5 million kg CO2e, primarily comprising Scope 2 (purchased heat) and Scope 3 (business travel). Scope 1 data was not disclosed for this year.
• 2019: Total emissions were approximately 13.5 million kg CO2e, with Scope 2 (purchased heat and electricity) and Scope 3 (business travel) being the disclosed categories. Scope 1 data was not available.
• 2018: Total emissions were approximately 12.6 million kg CO2e, from Scope 2 (purchased heat and electricity) and Scope 3 (business travel). Scope 1 data was not disclosed.
• 2017: No specific emissions data was disclosed for this year.

Climate Commitments and Reduction Targets:

Sagax has set ambitious targets to reduce its environmental impact. Key commitments include:

• Science Based Targets initiative (SBTi): Sagax has committed to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year. The company also aims to measure and reduce its Scope 3 emissions. These targets are aligned with a 1.5°C warming scenario.
• Energy Use Reduction: The company previously aimed to reduce energy use by 30% between 2018 and 2025 for both Scope 1 and Scope 2 emissions.
• Measuring and Reducing Scope 3: Sagax is committed to measuring and reducing its Scope 3 emissions, which are the most significant portion of its reported carbon footprint, particularly related to downstream leased assets.