Ignitis
Ignitis Group, headquartered in Lithuania (LT), is a prominent player in the energy sector, specialising in electricity and gas distribution, renewable energy, and energy services. Founded in 2016, the company has rapidly established itself as a leader in the Baltic region, focusing on sustainable energy solutions and innovative technologies. With a commitment to green energy, Ignitis offers a range of unique products and services, including smart energy management systems and renewable energy generation. The company has achieved significant milestones, such as expanding its operational footprint across Lithuania and into neighbouring countries, reinforcing its market position as a forward-thinking energy provider. Ignitis Group continues to drive the transition towards a sustainable energy future, making it a key contributor to the region's energy landscape.
DitchCarbon Score
How does Ignitis's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ignitis's score of 41 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ignitis's reported carbon emissions
In 2023, Ignitis Group reported total carbon emissions of approximately 4,931,000,000 kg CO2e. This includes Scope 1 emissions of about 455,044,000 kg CO2e, Scope 2 emissions of approximately 116,819,000 kg CO2e, and significant Scope 3 emissions of around 2,427,819,000 kg CO2e. Over the years, Ignitis has made substantial commitments to reduce its carbon footprint. The company aims to achieve a 94% reduction in Scope 1 greenhouse gas emissions from electricity and heat generation per MWh by 2030, using 2020 as the baseline year. Additionally, Ignitis plans to reduce Scope 1 and 3 emissions from all sold electricity and heat by 90% per MWh within the same timeframe. Furthermore, the company targets a 42% reduction in absolute Scope 1 and 2 emissions from all other sources and a 25% reduction in absolute Scope 3 emissions from the use of sold products by 2030. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions necessary to limit global warming to 1.5°C. Ignitis Group is committed to these ambitious climate goals, reflecting its dedication to sustainability and environmental responsibility in the energy sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 233,000,000 | 000,000,000 | 0,000 | 0,000 | 000,000,000 |
| Scope 2 | 381,774,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,083,000,000 | 0,000,000,000 | 0,000 | 0,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ignitis is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
