Covanta Energy, LLC, headquartered in the United States, is a leader in the electricity generation sector, specialising in biomass and waste-to-energy solutions. Founded in 1980, the company has established a strong presence across various operational regions, focusing on sustainable energy production and waste management.
Covanta's core services include converting municipal solid waste into renewable energy, which not only reduces landfill use but also generates clean electricity. This unique approach positions Covanta as a pioneer in the circular economy, contributing to environmental sustainability while meeting energy demands.
With a commitment to innovation and efficiency, Covanta has achieved significant milestones, including the operation of numerous waste-to-energy facilities across North America. The company’s dedication to transforming waste into valuable resources has solidified its market position as a trusted partner in the renewable energy landscape.
0 vs industry average
Covanta Energy, LLC’s score of 11 is lower than 43% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Biomass Electricity is among the most carbon-intensive industries
Industry performance
The Biomass Electricity industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2023
Reported emissions
Scope 3 accounts for ••• of total emissions.
Covanta Energy, LLC's reported carbon emissions
Covanta Energy, LLC, a US-based company operating in the "Electricity by biomass and waste" industry, reported total greenhouse gas emissions of approximately 703,000,000 kg CO2e in 2020. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
In 2020, Scope 1 emissions were approximately 4,378,250,000 kg CO2e, primarily from stationary combustion. Scope 2 emissions for the same year were about 246,000,000 kg CO2e. Scope 3 emissions totalled approximately 114,900,000 kg CO2e, with purchased goods and services being a significant contributor.
Prior to this, in 2019, Covanta Energy, LLC's total emissions were approximately 4,542,000,000 kg CO2e. Scope 1 emissions stood at around 4,385,183,000 kg CO2e, and Scope 2 emissions were about 24,000,000 kg CO2e. Scope 3 emissions for 2019 were approximately 124,000,000 kg CO2e, with significant categories including processing of sold products and purchased goods and services. Earlier years also show substantial emissions, with 2018 reporting approximately 4,599,000,000 kg CO2e in total emissions.
Covanta Energy, LLC has established climate commitments to reduce its environmental impact. Specifically, the company aims to reduce its Scope 1 emissions to near zero by 2025, and similarly targets near zero for its Scope 2 emissions by the same year. These near-term reduction targets are focused on achieving a significant decrease in these emission scopes.
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Covanta Energy, LLC’s Climate Goals (2030 & 2050)
2 goals2025
We aim to reduce our Scope 1 emissions to near zero by the m…
We aim to reduce our Scope 1 emissions to near zero by the middle of this decade.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Covanta Energy, LLC
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