Kindred Group

Casinos & Gaming
KIND-SDB.ST
SEK 123 0.12
Share price
$ 2.6 bn
Market Cap
$ 2.6 bn
Enterprise Value

Carbon footprint

0.02 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2021
How is this calculated?
+19%
YOY change in GHG emissions
Stronger than the +0.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-45%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -8.2% weighted average for S&P 500
FY2022
How is this calculated?

Kindred Group aims to reduce Scope 1 + 2 by 85% by 2023 from a base year 2018


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

GHG emissions and Carbon intensity

Kindred Group's GHG emissions (market-based) (Kt of CO2e)
Kindred Group's Carbon intensity (Tons per 1 USDm)

Kindred Group's carbon footprint

Kindred Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 0.05 Kt (+0.0082/+19% y-o-y). Carbon intensity also was up at 0 t (0 y-o-y).

Kindred Group's Scope 3 emissions decreased to 0.84 Kt (-0.64 /-43.1% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-29% CAGR).

The company is committed to reducing Scope 1 + 2 by 85% by 2023 from a base year 2018, which translates into the estimated reduction of -0.02 Kt per annum over the period of FY2022 - FY2023. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Kindred Group also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Kindred Group commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2027 from a FY2019 base year. Kindred Group also commits to reduce absolute scope 3 GHG emissions 35% within the same timeframe.

Company environmental metrics

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