AB Sagax

Real Estate Operating Companies
SEK 253 (1.8)%
Share price
$ 8.3 bn
Market Cap
$ 11 bn
Enterprise Value

Carbon footprint

0.36 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
How is this calculated?
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)
How is this calculated?

AB Sagax aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
AB Sagax's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

AB Sagax's GHG emissions (location-based) (Kt of CO2e)
AB Sagax's Carbon intensity (Tons per 1 USDm)

AB Sagax's carbon footprint

AB Sagax reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 4 Kt (-5.4 /-57.4% y-o-y). Also positively, carbon intensity plunged to 11 t (-18 /-61.2% y-o-y).

AB Sagax's Scope 3 emissions soared to 12 Kt (+12/+44768% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2018, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

AB Sagax also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://sciencebasedtargets.org/faqs-for-smes/ AB Sagax commits to reduce scope 1 and scope 2 GHG emissions 42% by 2030 from a 2022 base year, and to measure and reduce its scope 3 emissions.

Company environmental metrics

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