Encevo S.A

Encevo S.A., headquartered in Luxembourg and operating in the Electricity by solar thermal industry, reported total carbon emissions of approximately 6.92 billion kg CO2e in 2025. This includes Scope 1 emissions of approximately 45.21 million kg CO2e, Scope 2 (market-based) emissions of approximately 11.41 million kg CO2e, and Scope 3 emissions of approximately 6.86 billion kg CO2e.

Looking back, in 2024, their total emissions were about 8.13 billion kg CO2e, comprising approximately 50.08 million kg CO2e from Scope 1, around 38.23 million kg CO2e from Scope 2 (market-based), and about 8.04 billion kg CO2e from Scope 3. In 2021, Encevo's total emissions were approximately 8.95 billion kg CO2e, with Scope 1 at about 110.24 million kg CO2e, Scope 2 (market-based) at around 72.84 million kg CO2e, and Scope 3 at about 8.77 billion kg CO2e.

Encevo S.A. is committed to significant emissions reductions. The company aims for carbon neutrality by 2050, with an interim target of a 50% reduction by 2030 across all scopes. Specifically, they target a 50% reduction in Scope 1 and Scope 2 (location-based) GHG emissions and a 30% reduction in Scope 3 GHG emissions by 2030, using 2024 as the baseline. They also plan to achieve zero emissions from their leasing fleet (covering Scope 1 and Scope 2) by 2025, starting from 2023. Further near-term targets include a 50% absolute reduction in Scope 1 emissions by 2030 (from a 2021 base year of 8,590,918 tonnes CO2e) and a 50% absolute reduction in Scope 2 emissions by 2030 (from a 2021 base year of 83,740 tonnes CO2e).