Grenergy

Grenergy's reported carbon emissions

Grenergy, based in Spain and operating in the electricity by solar thermal industry, is committed to substantial emissions reductions and achieving net-zero. For the 2024 reporting year, Grenergy reported total emissions of approximately 276,186,000 kg CO2e. This breakdown includes Scope 1 emissions of about 733,200 kg CO2e, and Scope 2 emissions (market-based) of approximately 70,400 kg CO2e. Scope 3 emissions were reported at roughly 321,836,000 kg CO2e, with purchased goods and services being the largest contributor. In 2023, the company's total emissions were approximately 228,231,000 kg CO2e, comprising Scope 1 emissions of about 448,900 kg CO2e and Scope 2 emissions (market-based) of approximately 58,900 kg CO2e. Scope 3 emissions for 2023 totalled around 227,723,000 kg CO2e, with purchased goods and services being the most significant category. Grenergy has established ambitious climate targets, aiming for a 60% reduction in absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, using 2021 as a baseline year. Furthermore, the company is committed to achieving carbon neutrality across Scopes 1, 2, and 3 by 2040. This target aligns with and precedes broader European commitments, demonstrating a proactive approach to climate action. The company's net-zero ambitions extend to 2050, with a commitment to reduce total Scope 1, 2, and 3 emissions by 100% from the 2021 baseline. Grenergy Renovables S.A. has had its targets approved by the Science Based Targets initiative (SBTi), indicating adherence to recognised climate science principles. These targets are considered consistent with keeping global warming to 1.5°C. The emissions data and climate targets are cascaded from the parent organisation, Grenergy Renovables, S.A. (cascade level 1).