The Haga Initiative member companies have decided to become fossil free within their own operations by 2030. The new targets imply that the companies in the initiative will reach zero emissions 15 years before the guidelines put forth by the Swedish governments climate goals. The ambition is to show that Swedish companies can reduce their climate impact while increasing profitability and simultaneously create new jobs, thus contributing to increased welfare.
New targets definition
Scope 1: The target is net zero emission by 2030. This is translated into at least a 85 percent reduction in emissions from the company’s own operations, in scope 1, compared with a post- 1990 base year of their choice. To reach net zero emissions, the remaining emissions can be reduced through carbon offsets. The aim is a fossil fuel free company. Exception: If the company can show significant emission reductions, that are measurable, in other scopes.
Scope 2: Purchased energy in scope 2 should be renewable or recycled.
Scope 3: Emissions in scope 3 (upstream and downstream) are to be mapped out and identified. The companies need to develop a strategy to reduce the emissions based on relevance and feasibility.
The Haga Initiatives goal of zero net emissions by 2030 requires heightened ambitions within Swedish climate policy in accordance with the European Union´s climate policy as well as within the carbon credit market (EU-ETS). In order for Sweden to become a leading country in the global transition to a fossil free society the basic industry should remain within the country and therefore measures to decrease emissions within the domestic industry are required. Sweden can show the rest of the world that a transition is possible through energy efficiency, conversion to renewable energy sources and green technology development. To succeed we need long term legislation, state funded research and investments that are aligned with the climate goals. Further, cooperation between academia, the state and the business community is imperative. We are humble and realize that we do not have all the answers as of today, but at the same time we are certain that the politicians are ambitious and will set clear targets in order to increase the pace of the climate transition.
Haga Initiative climate target compared with the Swedish climate target
Scope of emissions included in the target.
14 out of of 15 companies in the Haga Initiative consider themselves able to reach the new climate target of net zero emissions by 2030, i.e. at least an 85 percent reduction of emissions from the company’s own operations, in scope 1. Preem is the one company that currently cannot fully reach net zero emissions in scope 1 by 2030. However, Preem’s investments in production of sustainable bio-based automotive fuels and their goal to increase sales of renewable fuels, is a prerequisite if other companies are to reduce their emissions. The production of sustainable renewable fuels in Preem’s refineries will contribute to emission reductions downstream in the value chain and these emission reductions are much more significant than their emissions in scope 1. In addition, Preem’s refineries are at this point almost 20 percent more carbon efficient than the European average.