Thule

Thule, headquartered in Sweden, reported total carbon emissions of approximately 273,452,000 kg CO2e in 2025. This includes Scope 1 emissions of 3,350,000 kg CO2e, Scope 2 emissions (market-based) of 124,000 kg CO2e, and Scope 3 emissions of 269,978,000 kg CO2e. Key contributors to Scope 3 emissions in 2025 were purchased goods and services (222,454,000 kg CO2e) and upstream transportation and distribution (21,546,000 kg CO2e).

Looking back, Thule's total emissions were approximately 281,017,000 kg CO2e in 2024, and 173,319,000 kg CO2e in 2023. In 2019, total emissions were approximately 362,860,000 kg CO2e.

Thule has set ambitious climate commitments, with Science Based Targets initiative (SBTi) validated targets. The company aims for an absolute reduction of 46.2% in Scope 1 GHG emissions by 2030, using a 2019 base year. For Scope 2, Thule also commits to a 46.2% absolute reduction by 2030 from a 2019 base year and plans to increase annual sourcing of renewable electricity from 95% in 2019 to 100% by 2030. In terms of Scope 3, Thule commits to reduce absolute GHG emissions from purchased goods and services, and upstream and downstream transportation and distribution by 28% by 2030, from a 2019 base year.

Furthermore, Thule has a long-term goal to achieve net-zero GHG emissions across its value chain by 2050. This includes reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 base year, and absolute Scope 3 GHG emissions by 90% within the same timeframe. The company previously aimed to reduce greenhouse gas emissions at its plants by 65% (compared to a 2014 base year) by no later than 2020 for both Scope 1 and Scope 2.