Scandic Hotels

Scandic Hotels, headquartered in Sweden and operating in the Hotel and Restaurant Services sector, reported approximately 195,899,000 kg CO2e in total greenhouse gas emissions for 2025. This includes about 3,532,000 kg CO2e from Scope 1 emissions, 19,126,000 kg CO2e from market-based Scope 2 emissions, and 173,241,000 kg CO2e from Scope 3 emissions. In 2024, their total emissions were approximately 209,017,000 kg CO2e, comprising around 4,190,000 kg CO2e in Scope 1, 22,303,000 kg CO2e in market-based Scope 2, and 182,524,000 kg CO2e in Scope 3. For 2023, total emissions were about 226,299,000 kg CO2e, with Scope 1 at approximately 5,383,000 kg CO2e, market-based Scope 2 at around 31,770,000 kg CO2e, and Scope 3 at about 189,146,000 kg CO2e.

Scandic Hotels has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). They aim to achieve net-zero greenhouse gas emissions across their entire value chain by 2050. Their near-term targets include reducing absolute Scope 1 and Scope 2 GHG emissions by 55% by 2033 from a 2023 base year. Furthermore, they commit to reducing absolute Scope 3 emissions related to land use and agriculture (FLAG emissions) by 39.4% by 2033 from a 2023 base year and to reducing Scope 3 (non-FLAG) GHG emissions by 61.07% per SEK value added within the same timeframe. Long-term targets include a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050 and a 72% reduction in absolute Scope 3 FLAG GHG emissions by 2050, both from a 2023 base year. They also aim for a 97% reduction in non-FLAG Scope 3 GHG emissions per SEK value added by 2050. Additionally, Scandic Hotels targets a 50% reduction in CO2e emissions per square meter of surface for Scope 1 and Scope 2 by 2030, compared to a 2019 baseline.