Olav Thon Gruppen, a prominent player in the Norwegian business landscape, is headquartered in Oslo, Norway. Established in 1951, the company has evolved within the "Other business services" sector, primarily focusing on real estate and hospitality. With a diverse portfolio that includes shopping centres, hotels, and property management, Olav Thon Gruppen stands out for its commitment to quality and sustainability.
Over the decades, the company has achieved significant milestones, including the expansion of its retail and hotel operations across Norway and parts of Sweden. Renowned for its innovative approach to property development, Olav Thon Gruppen has solidified its market position as a leader in the industry, consistently delivering exceptional value to its clients and stakeholders.
+22 vs industry average
Olav Thon Gruppen’s score of 54 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Olav Thon Gruppen's reported carbon emissions
Olav Thon Gruppen, headquartered in NO and operating within the "Other business services (74)" industry, reported total carbon emissions of approximately 386.17 million kg CO2e for the 2025 reporting year. This figure encompasses Scope 1, 2, and 3 emissions.
For the 2024 reporting year, the company's total emissions were approximately 144.65 million kg CO2e. Scope 1 emissions accounted for about 3.99 million kg CO2e, while Scope 2 emissions, based on market-based reporting, were approximately 106.77 million kg CO2e. Scope 3 emissions were approximately 33.89 million kg CO2e.
In 2023, Olav Thon Gruppen's total emissions were approximately 322.69 million kg CO2e. Scope 1 emissions were around 4.89 million kg CO2e, and Scope 2 emissions were approximately 9.33 million kg CO2e. Scope 3 emissions totalled approximately 308.47 million kg CO2e.
Prior to this, in 2022, the company's total emissions were approximately 267.89 million kg CO2e. Scope 1 emissions were around 10.50 million kg CO2e, and Scope 2 emissions were approximately 8.71 million kg CO2e. Scope 3 emissions were approximately 248.68 million kg CO2e. For the 2021 reporting year, total emissions were approximately 22.50 million kg CO2e, with Scope 1 at about 3.73 million kg CO2e and Scope 2 at approximately 11.16 million kg CO2e. Scope 3 emissions for 2021 were approximately 7.67 million kg CO2e. In 2020, total emissions were approximately 155.24 million kg CO2e, including Scope 1 emissions of about 12.72 million kg CO2e and Scope 2 emissions of approximately 94.75 million kg CO2e. Scope 3 emissions for 2020 were around 47.76 million kg CO2e. For 2019, total emissions were approximately 121.92 million kg CO2e, with Scope 1 emissions at about 8.62 million kg CO2e and Scope 2 emissions (market-based) at approximately 67.97 million kg CO2e. Scope 3 emissions were approximately 45.43 million kg CO2e.
Olav Thon Gruppen has committed to a long-term net-zero target by 2050, covering all scopes. This commitment has been identified through SBTi (Science Based Targets initiative) data. The organisation's SBTi target classification is for net-zero.
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Olav Thon Gruppen’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Olav Thon Gruppen yet.
Scope 3 top emissions categories
13 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Olav Thon Gruppen
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