Centrais Eletricas Brasileiras Sa Eletrobras

Centrais Eletricas Brasileiras Sa Eletrobras, a Brazilian company in the distribution and trade services of electricity sector, reported its total carbon emissions for 2024 as approximately 4.71 billion kg CO2e. This includes about 2.33 billion kg CO2e from Scope 1 emissions, 460.7 million kg CO2e from Scope 2 emissions, and approximately 1.92 billion kg CO2e from Scope 3 emissions.

In 2023, the company's total emissions were approximately 5.67 billion kg CO2e, comprising about 4.00 billion kg CO2e (Scope 1), 289.1 million kg CO2e (Scope 2), and 1.38 billion kg CO2e (Scope 3). Looking further back, in 2022, total emissions stood at approximately 5.64 billion kg CO2e, with Scope 1 at about 3.96 billion kg CO2e, Scope 2 at 313.9 million kg CO2e, and Scope 3 at about 1.37 billion kg CO2e.

Centrais Eletricas Brasileiras Sa Eletrobras has set ambitious climate commitments. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2030, with all unabated emissions offset. As part of its near-term targets, the company is committed to reducing absolute Scope 1 GHG emissions from generated electricity by 76% per MWh by 2029, using a 2023 base year. Additionally, it aims to reduce all remaining absolute Scope 1 and 2 GHG emissions by 50% within the same timeframe. The company also commits to reducing absolute Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 80% per MWh, and absolute Scope 3 GHG emissions from purchased goods and services, capital goods, upstream transportation and distribution, waste generated in operations, business travel, and employee commuting by 40% within the same near-term period.

For its long-term targets, Centrais Eletricas Brasileiras Sa Eletrobras is committed to an 80% reduction in absolute Scope 1 GHG emissions from generated electricity per MWh by 2030 from a 2023 base year. Furthermore, it plans to reduce all remaining absolute Scope 1 and 2 GHG emissions by 90%, absolute Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 85% per MWh, and absolute Scope 3 GHG emissions from specific categories by 90% within the same long-term timeframe. These targets cover land-related emissions and removals from bioenergy feedstocks. Centrais Eletricas Brasileiras Sa Eletrobras also has a stated aim to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of this decade. The Science Based Targets initiative (SBTi) has validated that the company's targets, covering Scope 1 and 2 emissions, are consistent with reductions required to keep warming to 1.5°C.