Enphase Energy Sustainability Profile
Enphase Energy, Inc., a leading provider of solar energy solutions, is headquartered in the United States, with significant operations across North America, Europe, and Australia. Founded in 2006, the company has established itself as a pioneer in the solar industry, particularly known for its innovative microinverter technology, which enhances the efficiency and reliability of solar energy systems. Enphase's core offerings include microinverters, energy management technology, and storage solutions, all designed to optimise solar energy production and consumption. The company's commitment to sustainability and energy independence has positioned it as a key player in the renewable energy sector. With numerous accolades and a growing market share, Enphase Energy continues to lead the charge towards a cleaner, more sustainable future.
DitchCarbon Score
How does Enphase Energy'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 from Other Sources 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
Enphase Energy's score of 26 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Enphase Energy's reported carbon emissions
In 2023, Enphase Energy reported total carbon emissions of approximately 64,606,000 kg CO2e. This figure includes 15,529,000 kg CO2e from Scope 2 emissions, while Scope 1 emissions were recorded at 0 kg CO2e. The majority of their emissions, about 49,077,000 kg CO2e, fall under Scope 3, indicating significant indirect emissions associated with their value chain. Enphase Energy has set ambitious targets to reduce its economic emissions intensity by 30% by 2030 for both Scope 1 and Scope 2 emissions. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for sustainability. In previous years, the company reported Scope 2 emissions of 10,603,000 kg CO2e in 2022 and 9,240,000 kg CO2e in 2021, demonstrating a trend in emissions management. The data indicates that Enphase Energy is focused on reducing its carbon footprint while continuing to grow its revenue, which was approximately USD 2.29 billion in 2023. Overall, Enphase Energy's climate commitments and emissions data underscore its dedication to sustainability and reducing its impact on the environment.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 9,240,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 |
How Carbon Intensive is Enphase Energy's Industry?
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Enphase Energy'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.
Enphase Energy 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.
