GlobalData offers a comprehensive analysis of Scandinavian Tobacco Group A/S, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Scandinavian Tobacco Group A/S’s ESG performance. GlobalData’s company profile on Scandinavian Tobacco Group A/S offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Scandinavian Tobacco Group A/S, a leading tobacco company, is committed to achieving net-zero targets by 2050 and reducing its carbon emissions. The company recognizes the importance of addressing climate change and aims to meet or exceed environmental, social, and governance principles and standards. Scandinavian Tobacco Group A/S is actively engaging with industry experts to understand the latest technologies and sustainable building features. According to corporate sustainability report, in 2022 the company’s emission for scope 1 was 11,815 tonnes CO2 emissions and scope 2 was 17,557 tonnes CO2 emissions. The company is dedicated to adhering to scientific principles and aligning with the ambitious objectives of the Paris Agreement. A commitment to the Science Based Targets initiative (SBTi) underscores the company's determination to establish climate mitigation targets, with an overarching goal of achieving a fully net-zero value chain by no later than 2050. Additionally, there is a commitment to an annual reduction of 4.2% in CO2 emissions (scope 1 and 2) until 2030, commencing from 2020. The company also aims to address at least 67% of scope 3 emissions and foster climate engagement with its suppliers by the year 2030.
Scandinavian Tobacco Group A/S has taken steps to reduce its emissions and achieve its net-zero targets. The company has been leveraging its experience and knowledge, as well as consulting with trusted experts, to develop innovative and sustainable assets that are resilient to climate change risks. It is also actively involved in industry organizations such as the Green Building Council and the REALPAC ESG Committee. The company has invested in sustainable building materials, such as solid wood panels, and has registered its buildings under the LEED green building program. Additionally, Scandinavian Tobacco Group A/S has implemented energy-efficient construction methods and installed geothermal systems to provide clean energy sources.
In conclusion, Scandinavian Tobacco Group A/S is committed to addressing the climate challenge and reducing its carbon emissions. The company is actively incorporating sustainable features into its building designs and investing in renewable energy systems. By leveraging its experience and consulting with industry experts, Scandinavian Tobacco Group A/S aims to develop green buildings that produce fewer emissions and contribute to combating climate change.