Thule

Thule's commitment to sustainability is demonstrated through its comprehensive approach to reducing greenhouse gas emissions.

Recent Emissions Data:

• In 2025, Thule reported total global emissions of approximately 273,452,000 kg CO2e. This included 3,350,000 kg CO2e for Scope 1, approximately 124,000 kg CO2e for Scope 2 (market-based), and about 269,978,000 kg CO2e for Scope 3. The largest contributor to Scope 3 emissions was purchased goods and services, accounting for approximately 222,454,000 kg CO2e.
• For 2024, Thule's global emissions were approximately 281,017,000 kg CO2e, comprising 3,928,000 kg CO2e for Scope 1, around 166,000 kg CO2e for Scope 2 (market-based), and an estimated 276,923,000 kg CO2e for Scope 3.

Climate Commitments and Targets:

Thule has set ambitious science-based targets aligned with a 1.5°C warming pathway.

• Net-Zero Target: Thule commits to achieving net-zero greenhouse gas emissions across its value chain by 2050.
• Near-Term Targets (by 2030, vs. 2019 base year):
  • A 46.2% absolute reduction in Scope 1 greenhouse gas emissions.
  • To increase annual sourcing of renewable electricity to 100%.
  • A 28.0% absolute reduction in Scope 3 greenhouse gas emissions, specifically targeting purchased goods and services, and upstream and downstream transportation and distribution.
• Long-Term Targets (by 2050, vs. 2019 base year):
  • A 90.0% absolute reduction in Scope 1 and Scope 2 greenhouse gas emissions.
  • A 90.0% absolute reduction in Scope 3 greenhouse gas emissions.

These commitments reflect Thule's dedication to climate action within the other transport equipment industry.