Elvaco AB Sustainability Profile
Elvaco AB, a leading provider in the energy management sector, is headquartered in Sweden (SE) and operates extensively across Europe. Founded in 2002, the company has established itself as a key player in the development of innovative solutions for smart metering and energy monitoring. Elvaco's core offerings include advanced communication devices and software solutions that facilitate efficient energy consumption and data management. Their unique approach combines cutting-edge technology with user-friendly interfaces, making energy data accessible and actionable for businesses and consumers alike. With a strong market position, Elvaco AB has achieved significant milestones, including numerous partnerships and recognitions within the industry, solidifying its reputation as a trusted name in energy efficiency and sustainability.
DitchCarbon Score
How does Elvaco AB'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 Machinery and Equipment 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
Elvaco AB's score of 75 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Elvaco AB, headquartered in Sweden (SE), currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of Investment AB Latour (publ), which may influence its climate commitments and reporting practices. While Elvaco AB has not set specific reduction targets or initiatives, it is important to note that its climate commitments may be aligned with those of its parent company, Investment AB Latour (publ). This relationship suggests that any climate strategies or targets could be cascaded from the parent organisation, although specific details on these initiatives are not provided. As a subsidiary, Elvaco AB may benefit from the broader sustainability goals and frameworks established by Investment AB Latour (publ), which could include participation in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, without explicit data or commitments from Elvaco AB itself, the specifics of its climate strategy remain unclear. In summary, while Elvaco AB does not currently report emissions data or specific reduction targets, its affiliation with Investment AB Latour (publ) may play a significant role in shaping its climate commitments and initiatives in the future.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 10 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,000 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 190,000 | - | 0,000,000,000 | 000,000 | 0,000,000,000 |
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Elvaco AB'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.
Elvaco AB 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.
