Public Profile

Greencoat Renewables

Greencoat Renewables, a leading player in the renewable energy sector, is headquartered in Ireland (IE) and primarily operates across the UK and Ireland. Founded in 2010, the company has established itself as a significant investor in renewable energy infrastructure, focusing on wind and solar power projects. Greencoat Renewables is renowned for its unique approach to sustainable energy investment, offering a diversified portfolio of operational assets that deliver long-term, stable returns. The company has achieved notable milestones, including the successful listing on the London Stock Exchange, which underscores its strong market position. With a commitment to environmental sustainability and a proven track record, Greencoat Renewables continues to drive the transition towards a greener future.

DitchCarbon Score

How does Greencoat Renewables'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.

15

Industry Average

Mean score of companies in the Wind Power 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.

26

Industry Benchmark

Greencoat Renewables's score of 15 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.

45%

Greencoat Renewables's reported carbon emissions

In 2023, Greencoat Renewables reported total carbon emissions of approximately 239,974,000 kg CO2e. This figure includes 273,000 kg CO2e from Scope 1 emissions, 941,000 kg CO2e from Scope 2 emissions, and a significant 238,760,000 kg CO2e from Scope 3 emissions. The company's emissions have shown a notable increase from previous years, with total emissions rising from about 215,259,000 kg CO2e in 2022 and 126,098,000 kg CO2e in 2021. The Scope 1 and 2 emissions have also increased, with Scope 2 emissions rising from 383,000 kg CO2e in 2021 to 941,000 kg CO2e in 2023. Despite these figures, Greencoat Renewables has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within the renewable energy sector, which is increasingly focused on reducing carbon footprints and enhancing sustainability practices. Overall, while Greencoat Renewables has made strides in its operations, the lack of defined reduction commitments highlights an area for potential improvement in aligning with industry standards for climate action.

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Add to project
2020202120222023
Scope 1
19,000
00,000
00,000
000,000
Scope 2
41,000
00,000
000,000
000,000
Scope 3
125,697,000
000,000,000
000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Greencoat Renewables's primary industry is Electricity by wind, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Greencoat Renewables is headquartered in IE, which has a rank of low, indicating low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Greencoat Renewables is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers