Ignitis
Ignitis Group, headquartered in Lithuania (LT), is a prominent player in the energy sector, specialising in electricity and gas distribution, renewable energy, and energy services. Founded in 2016, the company has rapidly established itself as a leader in the Baltic region, focusing on sustainable energy solutions and innovative technologies. With a commitment to green energy, Ignitis offers a range of unique products and services, including smart energy management systems and renewable energy generation. The company has achieved significant milestones, such as expanding its operational footprint across Lithuania and into neighbouring countries, reinforcing its market position as a forward-thinking energy provider. Ignitis Group continues to drive the transition towards a sustainable energy future, making it a key contributor to the region's energy landscape.
DitchCarbon Score
How does Ignitis'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
Ignitis's score of 46 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ignitis's reported carbon emissions
In 2023, Ignitis Group reported total carbon emissions of approximately 4,931,000,000 kg CO2e. This figure includes 455,044,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 116,819,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, approximately 2,427,819,000 kg CO2e, fall under Scope 3, which includes emissions from the use of sold products and other indirect sources. Ignitis has set ambitious climate commitments, aiming to reduce Scope 1 GHG emissions from electricity and heat generation by 94% per MWh by 2030, using 2020 as the baseline year. Additionally, they plan to cut Scope 1 and 3 emissions from all sold electricity and heat by 90% per MWh within the same timeframe. The company also targets a 42% reduction in absolute Scope 1 and 2 emissions from all other sources and a 25% reduction in absolute Scope 3 emissions from the use of sold products by 2030. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Ignitis Group is committed to achieving net-zero emissions by 2050, reflecting its dedication to sustainability and climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 233,000,000 | 000,000,000 | 0,000 | 0,000 | 000,000,000 |
| Scope 2 | 381,774,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,083,000,000 | 0,000,000,000 | 0,000 | 0,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions 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.
Ignitis is participating in some of the initiatives that 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.
