Vasakronan Sustainability Profile
Vasakronan AB, a leading player in the Swedish real estate sector, is headquartered in Stockholm, Sweden. Founded in 1993, the company has established a strong presence across major urban regions, including Gothenburg and Malmö. Specialising in property management and development, Vasakronan focuses on sustainable office and retail spaces, setting itself apart with innovative design and eco-friendly practices. With a commitment to sustainability, Vasakronan has achieved notable milestones, including recognition for its green building initiatives. The company holds a significant market position, being one of Sweden's largest property owners, and is renowned for its high-quality portfolio that prioritises tenant satisfaction and environmental responsibility. Through its strategic approach, Vasakronan continues to shape the future of urban living and working in Sweden.
DitchCarbon Score
How does Vasakronan'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
Vasakronan's score of 63 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vasakronan's reported carbon emissions
In 2024, Vasakronan reported total carbon emissions of approximately 33,379,000 kg CO2e. This figure includes 506,000 kg CO2e from Scope 1 emissions, primarily from fugitive emissions, and 1,717,000 kg CO2e from Scope 2 emissions, which encompasses purchased heat and electricity. The majority of their emissions, about 31,156,000 kg CO2e, stem from Scope 3, which includes categories such as capital goods and waste generated in operations. Comparatively, in 2023, total emissions were about 37,215,000 kg CO2e, indicating a reduction in emissions year-on-year. The company has set ambitious targets to further decrease its carbon footprint, committing to a 90% reduction in absolute Scope 1, 2, and 3 emissions by 2030, using 2016 as the base year. Additionally, Vasakronan aims to reduce total emissions per square metre by 10% for the year 2023. Vasakronan's climate commitments are aligned with the Science Based Targets initiative (SBTi), ensuring that their reduction targets are consistent with the global goal of limiting temperature rise to 1.5°C. The company also pledges to source 100% renewable electricity annually through 2030, reinforcing its commitment to sustainability in the real estate sector.
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| 2006 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | 000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 26,376,000 | 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 3 | 909,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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Vasakronan's Scope 3 Categories Breakdown
Vasakronan's Scope 3 emissions, which decreased by 2% last year and increased significantly since 2006, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 22% of Scope 3 emissions.
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Vasakronan'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.
Vasakronan 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.
Frequently Asked Questions
Common questions about Vasakronan's sustainability data and climate commitments