CVG Electrificación del Caroní, C.A. Sustainability Profile
CVG Electrificación del Caroní, C.A., commonly referred to as CVG ELCAR, is a leading player in the Venezuelan energy sector, headquartered in Ciudad Guayana, Venezuela. Established in 1975, the company has made significant strides in the electrification industry, focusing on the generation and distribution of electricity across key operational regions in the country. Specialising in hydroelectric power generation, CVG ELCAR is renowned for its commitment to sustainable energy solutions, leveraging the abundant water resources of the Caroní River. The company has achieved notable milestones, including the development of major hydroelectric plants that contribute significantly to Venezuela's energy grid. With a strong market position, CVG ELCAR continues to innovate, ensuring reliable and efficient energy supply while prioritising environmental stewardship.
DitchCarbon Score
How does CVG Electrificación del Caroní, C.A.'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 Transmission 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
CVG Electrificación del Caroní, C.A.'s score of 10 is lower 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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CVG Electrificación del Caroní, C.A.'s reported carbon emissions
CVG Electrificación del Caroní, C.A., headquartered in Venezuela (VE), currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Furthermore, the company has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments to address carbon emissions at this time. As there are no emissions data or reduction initiatives available, it is important to note that the company may still be in the early stages of developing its climate strategy. In the broader context of the industry, many organisations are increasingly recognising the importance of setting science-based targets and committing to sustainability practices to mitigate climate change impacts. Without specific emissions data or commitments, CVG Electrificación del Caroní, C.A. remains an outlier in an industry that is progressively moving towards transparency and accountability in carbon management.
How Carbon Intensive is CVG Electrificación del Caroní, C.A.'s Industry?
How Carbon Intensive is CVG Electrificación del Caroní, C.A.'s Location?
CVG Electrificación del Caroní, C.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
CVG Electrificación del Caroní, C.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
