ICA Gruppen AB

Food Retail
- -%
Share price
$ - bn
Market Cap
$ - bn
Enterprise Value

Carbon footprint

YOY change in GHG emissions
In line with the -0.8% 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?

ICA Gruppen AB aims to achieve net zero for Scope 1 + 2 by 2030

This target has not been verified as science based according to SBTi
ICA Gruppen AB's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

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

ICA Gruppen AB's carbon footprint

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 (-10 /-14.1% y-o-y). The decline accelerated compared to the CAGR of -11.5% since 4Q'15.

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

Company environmental metrics

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