Pandox Sustainability Profile
Pandox AB, headquartered in Sweden, is a leading player in the hotel property industry, specialising in the ownership, management, and development of hotel properties across Europe. Founded in 1995, Pandox has established a strong presence in major operational regions, including Scandinavia, Germany, and the UK, with a portfolio that encompasses over 150 hotels. The company’s core services include hotel management and property development, focusing on maximising the value of hotel assets through strategic partnerships and innovative operational practices. Pandox is recognised for its unique approach to asset management, which combines extensive market knowledge with a commitment to sustainability. With a robust market position, Pandox has achieved notable milestones, including significant expansions and successful collaborations with leading hotel brands, solidifying its reputation as a trusted partner in the hospitality sector.
DitchCarbon Score
How does Pandox'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
Pandox's score of 64 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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Pandox's reported carbon emissions
In 2024, Pandox reported total greenhouse gas emissions of approximately 97.8 million kg CO2e, comprising 6.7 million kg CO2e from Scope 1, 4.2 million kg CO2e from Scope 2, and about 87.9 million kg CO2e from Scope 3 emissions. This represents a decrease from 2023, where total emissions were approximately 105.4 million kg CO2e, with Scope 1 emissions at 5.4 million kg CO2e, Scope 2 at 5.0 million kg CO2e, and Scope 3 at about 94.9 million kg CO2e. Pandox has set ambitious science-based targets to reduce its greenhouse gas emissions. The company aims to achieve a 42% reduction in absolute Scope 1 and 2 emissions by 2030, using 2022 as the baseline year. Additionally, it has committed to a 25% reduction in absolute Scope 3 emissions, which include purchased goods and services as well as downstream leased assets, within the same timeframe. These commitments align with the broader climate goals of the European Union, which aims for an 80-95% reduction in greenhouse gas emissions by 2050. Pandox's long-term vision includes achieving near net-zero emissions by 2050 across all scopes. The company is actively working towards these targets, demonstrating its commitment to sustainability and climate action within the real estate sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Pandox's Industry?
How Carbon Intensive is Pandox's Location?
Pandox's Scope 3 Categories Breakdown
Pandox's Scope 3 emissions, which decreased by 7% last year and increased by approximately 348% since 2019, 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 "Downstream Leased Assets" being the largest emissions source at 53% of Scope 3 emissions.
Top Scope 3 Categories
Pandox'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.
Pandox 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 Pandox's sustainability data and climate commitments