Olav Thon Gruppen
Olav Thon Gruppen, a prominent player in the Norwegian real estate and hospitality sectors, is headquartered in Oslo, Norway. Founded in 1951, the company has established itself as a leader in property management and development, with a diverse portfolio that includes shopping centres, hotels, and residential properties across Norway and Sweden. The group is renowned for its commitment to sustainability and innovation, offering unique services that enhance customer experiences in both retail and accommodation. With a strong market position, Olav Thon Gruppen has achieved significant milestones, including the development of some of Norway's largest shopping centres. Its dedication to quality and community engagement has solidified its reputation as a trusted name in the industry.
DitchCarbon Score
How does Olav Thon Gruppen'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 Business 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
Olav Thon Gruppen's score of 59 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Olav Thon Gruppen's reported carbon emissions
In 2024, Olav Thon Gruppen reported total carbon emissions of approximately 144,649,000 kg CO2e. This figure includes Scope 1 emissions of about 3,989,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 106,767,000 kg CO2e, predominantly from purchased electricity. Additionally, Scope 3 emissions were reported at around 33,893,000 kg CO2e, with significant contributions from downstream leased assets and waste generated in operations. Comparatively, in 2023, the group's total emissions were about 322,687,000 kg CO2e, with Scope 1 emissions at 4,887,000 kg CO2e, Scope 2 emissions at 9,328,000 kg CO2e, and Scope 3 emissions reaching approximately 308,473,000 kg CO2e. This indicates a substantial reduction in total emissions from 2023 to 2024. Olav Thon Gruppen has committed to achieving net-zero emissions across all scopes by 2050, as part of their long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi) and reflects their ongoing efforts to enhance sustainability within the real estate sector. The company is currently on track with its near-term targets, demonstrating a proactive approach to climate action. The emissions data for Olav Thon Gruppen is cascaded from its parent company, Olav Thon Gruppen AS, ensuring consistency and transparency in reporting.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 8,617,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 67,971,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
| Scope 3 | 45,429,000 | 0,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Olav Thon Gruppen is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
