Sponda Sustainability Profile
Sponda Oy, commonly referred to as Sponda, is a prominent Finnish real estate investment company headquartered in Helsinki, Finland. Established in 1999, Sponda has carved a niche in the commercial property sector, focusing primarily on office, retail, and logistics spaces across major urban areas in Finland and the Baltic region. With a robust portfolio that includes high-quality properties, Sponda is recognised for its commitment to sustainable development and innovative property management. The company has achieved significant milestones, including a successful public listing and strategic acquisitions that have bolstered its market position. Sponda's unique approach to enhancing tenant experiences and its emphasis on environmentally friendly practices set it apart in the competitive real estate landscape.
DitchCarbon Score
How does Sponda'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
Sponda's score of 12 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sponda's reported carbon emissions
In 2023, Sponda Ltd reported total carbon emissions of approximately 147,967,000 kg CO2e, with significant contributions from Scope 2 and Scope 3 emissions. Specifically, Scope 2 emissions, primarily from purchased heat, accounted for about 10,726,000 kg CO2e, while Scope 3 emissions totalled approximately 43,865,000 kg CO2e. Notably, the breakdown of Scope 3 emissions includes business travel (83,000 kg CO2e), employee commute (162,000 kg CO2e), and purchased goods and services (30,696,000 kg CO2e). Sponda has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using 2019 as the base year. This target has been validated by the Science Based Targets initiative (SBTi) and reflects the company's commitment to align with the 1.5°C climate goal. Additionally, Sponda is focused on measuring and reducing its Scope 3 emissions as part of its broader sustainability strategy. It is important to note that Sponda's emissions data is cascaded from its parent company, Sponda Plc, which provides a comprehensive overview of the company's environmental impact and commitments.
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| 2021 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 35,454,000 |
| Scope 3 | 100,463,000 |
How Carbon Intensive is Sponda's Industry?
How Carbon Intensive is Sponda's Location?
Sponda's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 74% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 27% of Scope 3 emissions.
Top Scope 3 Categories
Sponda'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.
Sponda 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.
