Encevo S.A

Encevo S.A., headquartered in Luxembourg and operating in the Electricity by solar thermal industry, has set ambitious climate commitments. For the year 2024, Encevo reported a total of approximately 7.5 billion kg CO2e in emissions. This figure is comprised of approximately 50.1 million kg CO2e for Scope 1, around 44.3 million kg CO2e for Scope 2 (location-based), and approximately 7.4 billion kg CO2e for Scope 3.

In 2023, the company's total emissions were approximately 7.5 billion kg CO2e, with Scope 1 emissions at approximately 60.3 million kg CO2e, Scope 2 (location-based) at about 55.2 million kg CO2e, and Scope 3 emissions at approximately 7.39 billion kg CO2e.

Encevo is committed to significant emissions reductions. The company aims for carbon neutrality by 2050. As an interim goal, they plan to achieve a 50% reduction in Scope 1 and Scope 2 (location-based) greenhouse gas (GHG) emissions by 2030, using 2024 as the start year for this target. Additionally, a 30% reduction in Scope 3 GHG emissions is targeted by 2030. These reduction targets cover all fully consolidated entities.

Furthermore, Encevo has a specific near-term goal to achieve zero emissions from its leasing fleet by 2025, addressing both Scope 1 and Scope 2 emissions for this segment. Their 2021 total emissions were approximately 8.59 billion kg CO2e, and they have set a target for a 50% reduction from this baseline by 2030 for both Scope 1 and Scope 2 emissions.