Scandic Hotels Group AB 2020 IR
The report outlines Scandic's performance and sustainability initiatives during the challenging 2020 fiscal year, which was heavily impacted by the Covid-19 pandemic. To navigate the crisis, the company implemented extensive cost-reduction measures, including reducing its permanent workforce by over 3,500 employees and securing rent reductions of up to 900 MSEK. Despite these challenges, Scandic maintained its commitment to sustainability, achieving a 96.9% waste recycling rate and purchasing 98% of its electricity from renewable sources. Additionally, the company updated its sustainability strategy platform and continued its alignment with the UN Sustainable Development Goals.
Company: Scandic Hotels Group AB
Sector: Hospitality & food services
Country: Sweden
Year: 2020
Type: IR
Pages: 140
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Scandic Hotels Group AB
Annual And Sustainability Report
The report outlines Scandic's performance and sustainability initiatives during the challenging 2020 fiscal year, which was heavily impacted by the Covid-19 pandemic. To navigate the crisis, the company implemented extensive cost-reduction measures, including reducing its permanent workforce by over 3,500 employees and securing rent reductions of up to 900 MSEK. Despite these challenges, Scandic maintained its commitment to sustainability, achieving a 96.9% waste recycling rate and purchasing 98% of its electricity from renewable sources. Additionally, the company updated its sustainability strategy platform and continued its alignment with the UN Sustainable Development Goals.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Total Waste
Women on Board
Women in Management
Employees