Scandic Hotels Secures SBTi Validation for Net-Zero Climate Targets

Scandic Hotels Group AB ( (SE:SHOT) ) just unveiled an announcement.

Scandic Hotels Group has secured validation of its climate targets from the Science Based Targets initiative, reinforcing its long-standing sustainability strategy and positioning it as a climate-transition leader in the Nordic hospitality sector. The company aims to reach net-zero greenhouse gas emissions across its entire value chain by 2050, with interim 2033 milestones including a 55% reduction in Scope 1 and 2 emissions from 2023 levels and significant Scope 3 cuts, including deforestation-free sourcing and targeted reductions tied to land use, agriculture and value-added intensity.

These SBTi-validated goals clarify Scandic’s environmental responsibility and guide operational measures such as boosting energy efficiency and shifting procurement toward lower-carbon alternatives. Management highlights that the heightened targets not only raise internal demands but also respond to growing expectations from guests, corporate clients and partners for more sustainable options, potentially strengthening Scandic’s competitive position and influence across its supply chain.

The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK86.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

More about Scandic Hotels Group AB

Scandic Hotels Group is the largest hotel company in the Nordic region, operating around 280 hotels and 58,000 rooms across more than 130 destinations. The Nasdaq Stockholm-listed group focuses on accessible, sustainability-oriented hospitality, underpinned by its Design for All concept and Scandic Friends, the largest loyalty program in the Nordic hotel market.

Average Trading Volume: 473,278

Technical Sentiment Signal: Buy

Current Market Cap: SEK17.73B

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