Thule Sustainability Profile
Thule Group, commonly known as Thule, is a leading Swedish company headquartered in Malmö, Sweden (SE). Founded in 1942, Thule has established itself as a prominent player in the outdoor and transportation industry, specialising in products that enhance outdoor experiences. The company operates globally, with significant markets in Europe, North America, and Asia. Thule's core offerings include roof racks, bike carriers, and outdoor gear, all designed with a focus on safety, durability, and ease of use. Their innovative designs and commitment to quality have earned them a strong market position, making them a trusted choice for outdoor enthusiasts. Notable achievements include numerous design awards and a reputation for excellence in functionality and style, solidifying Thule's status as a leader in the outdoor equipment sector.
DitchCarbon Score
How does Thule'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 Land Transportation 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
Thule's score of 69 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Thule's reported carbon emissions
In 2024, Thule Group AB reported total greenhouse gas emissions of approximately 205,914,000 kg CO2e. This includes 3,845,000 kg CO2e from Scope 1 emissions, 136,000 kg CO2e from Scope 2 (market-based), and a significant 201,932,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by purchased goods and services, which account for about 163,643,000 kg CO2e. Thule has set ambitious climate commitments, aiming for a 46.2% reduction in absolute Scope 1 emissions by 2030, using 2019 as the base year. Additionally, they target a 90% reduction in both Scope 1 and Scope 2 emissions by 2050. For Scope 3 emissions, Thule aims for a 28% reduction by 2030 and a 90% reduction by 2050. The company is also committed to sourcing 100% renewable electricity by 2030. These targets align with the Science Based Targets initiative (SBTi) and reflect Thule's commitment to achieving net-zero emissions across its value chain by 2050. The emissions data and targets are sourced directly from Thule Group AB (publ), with no data cascading from a parent organization.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,299,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,831,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 00,000 | 00,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | 19,771,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Thule's Industry?
How Carbon Intensive is Thule's Location?
Thule's Scope 3 Categories Breakdown
Thule's Scope 3 emissions, which increased by 19% last year and increased by approximately 921% since 2014, 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 "Purchased Goods and Services" being the largest emissions source at 81% of Scope 3 emissions.
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Thule'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.
Thule 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.
