Latvenergo
Latvenergo AS, a leading energy company based in Latvia, has been a cornerstone of the Baltic energy sector since its establishment in 1939. Headquartered in Riga, the company operates primarily in Latvia, with significant activities in Estonia and Lithuania. Specialising in electricity and heat generation, transmission, and distribution, Latvenergo is renowned for its commitment to sustainability and innovation. The company’s core products include electricity supply, thermal energy, and various energy-related services, distinguished by their focus on renewable resources and energy efficiency. Over the years, Latvenergo has achieved notable milestones, including the integration of advanced technologies in its operations, positioning itself as a market leader in the region. With a strong emphasis on customer service and environmental responsibility, Latvenergo continues to play a pivotal role in shaping the future of energy in the Baltic states.
DitchCarbon Score
How does Latvenergo'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 Insurance Services 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
Latvenergo's score of 39 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Latvenergo's reported carbon emissions
In 2023, Latvenergo reported total carbon emissions of approximately 3,000,000,000 kg CO2e, comprising 717,000,000 kg CO2e from Scope 1, 107,000,000 kg CO2e from Scope 2, and about 2,976,000,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, although no specific reduction targets or initiatives have been disclosed. Over the past few years, Latvenergo has shown a trend in emissions, with Scope 1 emissions decreasing from approximately 1,251,000,000 kg CO2e in 2018 to 717,000,000 kg CO2e in 2023. Scope 2 emissions have also seen fluctuations, with a peak of 76,000,000 kg CO2e in 2018, reducing to 107,000,000 kg CO2e in 2023. The company has not set formal reduction targets under the Science Based Targets initiative (SBTi) or other frameworks, indicating a potential area for future commitment. Latvenergo's carbon intensity per unit of electricity output has improved, with a reported intensity of 75.0 kg CO2e per MWh in 2023, down from 239.0 kg CO2e per MWh in 2020. This improvement highlights their ongoing efforts to enhance operational efficiency and reduce emissions intensity. Overall, while Latvenergo has made strides in reducing emissions intensity, the absence of formal reduction targets suggests an opportunity for the company to strengthen its climate commitments in alignment with global sustainability goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,251,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 76,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 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.
Latvenergo is not committed to any 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.
