Encevo S.A

Encevo S.A's reported carbon emissions

Encevo S.A., headquartered in Luxembourg, has reported significant carbon emissions in its operations within the Electricity by solar thermal industry. For the reporting year 2024, the company's total greenhouse gas emissions were approximately 8.0 billion kg CO2e. This total comprises Scope 1 emissions of about 50 million kg CO2e, Scope 2 emissions (location-based) of approximately 44 million kg CO2e, and substantial Scope 3 emissions totalling around 7.4 billion kg CO2e. In the preceding year, 2023, Encevo S.A. reported total emissions of approximately 7.5 billion kg CO2e, with Scope 1 at roughly 60 million kg CO2e, Scope 2 (location-based) at approximately 55 million kg CO2e, and Scope 3 emissions at about 7.3 billion kg CO2e. The year 2021 saw total emissions of approximately 8.6 billion kg CO2e, including Scope 1 of around 110 million kg CO2e, Scope 2 (location-based) of approximately 84 million kg CO2e, and Scope 3 emissions of about 8.4 billion kg CO2e. Earlier reporting years, such as 2020 and 2019, show Scope 1 emissions in the range of 76 million kg CO2e to 84 million kg CO2e, with limited disclosure of Scope 2 and Scope 3 data for those periods. Encevo S.A. has established several key climate commitments. The company aims to achieve carbon neutrality by 2050. As an intermediate step, it has set a target to reduce greenhouse gas emissions by 50% by 2030, using 2021 as a base year. This reduction goal applies to both Scope 1 and Scope 2 emissions. Furthermore, Encevo S.A. is committed to a 30% reduction in Scope 3 greenhouse gas emissions by 2030. Additionally, the company plans to achieve zero emissions from its leasing fleet by 2025, covering both Scope 1 and Scope 2 emissions.