Holaluz

Holaluz Carbon Emissions and Climate Commitments

Holaluz, based in Spain, is committed to significant emissions reductions as part of its net-zero target by 2040.

Greenhouse Gas Emissions Data

• 2023: Holaluz reported total emissions of approximately 51.4 million kg CO2e. This breaks down into:

  • Scope 1: Approximately 756,000 kg CO2e
  • Scope 2 (location-based): Approximately 98,000 kg CO2e
  • Scope 3: Approximately 50.7 million kg CO2e, with the largest contributions from purchased goods and services (about 19.8 million kg CO2e) and fuel and energy-related activities (approximately 27.2 million kg CO2e).

• 2022: Total emissions for Holaluz were approximately 122.8 million kg CO2e.

  • Scope 1: Approximately 335,000 kg CO2e
  • Scope 2 (location-based): Approximately 71,000 kg CO2e
  • Scope 3: Approximately 122.4 million kg CO2e, with significant contributions from fuel and energy-related activities (about 51.1 million kg CO2e) and use of sold products (approximately 42.4 million kg CO2e).

• 2021: Scope 1 emissions were reported as 0 kg CO2e. Scope 2 (location-based) emissions were approximately 19,630 kg CO2e, and Scope 3 emissions were approximately 71.3 million kg CO2e.

Climate Commitments and Reduction Targets

Holaluz has set ambitious climate targets aligned with the Science Based Targets initiative (SBTi). The company commits to:

• Net-Zero by 2040: Holaluz aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2040.
• Near-Term Targets (by 2030, based on a 2022 baseline):
  • A 42% reduction in absolute Scope 1 and 2 GHG emissions.
  • A 70.1% reduction in Scope 3 GHG emissions from fuel and energy-related activities, measured per MWh of electricity purchased.
  • A 99% reduction in absolute Scope 3 GHG emissions from the use of sold products.
  • A 42% reduction in all remaining absolute Scope 3 GHG emissions.
• Long-Term Targets (by 2040, based on a 2022 baseline):
  • A 90% reduction in absolute Scope 1 and 2 GHG emissions.
  • A 73.6% reduction in Scope 3 GHG emissions from fuel and energy-related activities, measured per MWh of electricity purchased.
  • A 100% reduction in absolute Scope 3 GHG emissions from the use of sold products.
  • A 90% reduction in all remaining absolute Scope 3 GHG emissions.

These targets indicate Holaluz's commitment to decarbonisation across its direct operations and wider value chain. The company's reported emissions data shows fluctuations over the years, with a notable decrease in total emissions between 2022 and 2023.