Sagax Sustainability Profile
Sagax, officially known as Sagax AB, is a prominent player in the real estate investment sector, headquartered in Sweden (SE). Founded in 2004, the company has established a strong presence in the Nordic region, focusing on logistics and industrial properties. Sagax is renowned for its strategic acquisitions and development of high-quality assets, which cater to the evolving needs of businesses in a dynamic market. With a commitment to sustainability and innovation, Sagax offers unique investment opportunities that stand out in the competitive landscape. The company has achieved significant milestones, including a robust portfolio that spans multiple countries, solidifying its position as a leader in the real estate industry. Sagax continues to drive growth through its expertise in property management and development, making it a trusted name for investors seeking reliable returns.
DitchCarbon Score
How does Sagax'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 Real Estate 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
Sagax's score of 41 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sagax's reported carbon emissions
In 2024, AB Sagax reported total carbon emissions of approximately 6,585,000 kg CO2e. This figure reflects a significant increase from 2023, where emissions were about 49,542,000 kg CO2e, comprising 6,000 kg CO2e from Scope 1, 42,000 kg CO2e from Scope 2, and a substantial 49,498,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 42% reduction in Scope 1 and Scope 2 emissions by 2030, using 2022 as the base year. This target aligns with the Science Based Targets initiative (SBTi) and aims to also address Scope 3 emissions. Sagax's reduction initiatives include a near-term goal to decrease energy use by 30% across both Scope 1 and Scope 2 emissions between 2018 and 2025. The company has made progress, reporting a 10% reduction in CO2e emissions as part of its climate-neutral management strategy for properties, with a roadmap published in 2024 outlining further commitments. Overall, AB Sagax is actively working towards significant emissions reductions while enhancing its sustainability practices in the real estate sector, with a focus on both direct and indirect emissions.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 000,000 | 00,000 | 0,000 |
| Scope 2 | - | 0,000,000 | 00,000 | 00,000 |
| Scope 3 | 27,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Sagax's Industry?
How Carbon Intensive is Sagax's Location?
Sagax's Scope 3 Categories Breakdown
Sagax's Scope 3 emissions, which increased by 8% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Sagax's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sagax has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Sagax's sustainability data and climate commitments