ICA Gruppen AB
Primary Climate Goal
ICA Gruppen AB's target annual Scope 1 + 2 emissions for 2030 should be equal to 0 Kt = 0% * 17 Kt, according to the company's stated climate goal.
In order to achieve this goal, ICA Gruppen AB would need to reduce its emissions at least by -1.9 Kt per annum over the period from 2022 to 2030:
-1.9 Kt = ( 0 Kt - 17 Kt ) / (2030 - 2021)
This translates into a -11% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
ICA Gruppen AB aims to achieve net zero for Scope 1 + 2 by 2030
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
ICA Gruppen AB reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 17 Kt (-3.2 /-15.6% y-o-y). Also positively, carbon intensity decreased to 1.2 t (-0.2 /-14.3% y-o-y).
ICA Gruppen AB's Scope 3 emissions decreased to 61 Kt (
The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -1.9 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
ICA Gruppen AB also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. ICA Group commits to reduce scopes 1, 2 and 3 GHG emissions 70% per square meter by 2025 from a 2006 base-year. The target includes Scope 3 emissions from franchises, downstream transportation and business travel. ICA Group also commits that suppliers covering 70% scope 3 emissions will set science-based targets by 2025