Instagrid

Instagrid, a German-headquartered company in the Electrical machinery and apparatus n.e.c. industry, reported its most recent carbon emissions for 2024. Its total emissions were approximately 11,038,000 kg CO2e. This figure includes Scope 1 emissions of 1,800 kg CO2e, Scope 2 market-based emissions of 93,000 kg CO2e, and Scope 3 emissions of 30,197,000 kg CO2e.

For comparison, in 2023, Instagrid's total emissions were approximately 10,400,000 kg CO2e. This comprised Scope 1 emissions of 900 kg CO2e, Scope 2 market-based emissions of 149,000 kg CO2e, and Scope 3 emissions of 18,826,000 kg CO2e. In 2022, the company's total emissions were approximately 6,149,000 kg CO2e, with Scope 1 emissions at 3,600 kg CO2e, Scope 2 market-based emissions at 22,000 kg CO2e, and Scope 3 emissions at 10,572,000 kg CO2e.

Instagrid has made significant climate commitments, with Science Based Targets initiative (SBTi) approved targets. The company commits to achieving net-zero greenhouse gas emissions across its entire value chain by 2050.

As part of its near-term goals, Instagrid aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 90.0% by 2030, using a 2022 base year. Additionally, the company commits to reducing Scope 3 greenhouse gas emissions by 55.0% per EUR value added within the same timeframe.

For its long-term targets, Instagrid commits to maintaining a minimum 90.0% absolute Scope 1 and 2 greenhouse gas emissions reduction from 2030 through 2050, from a 2022 base year. The company also commits to reducing Scope 3 greenhouse gas emissions by 97.0% per EUR value added by 2050, again from a 2022 base year. These targets are consistent with reductions required to limit global warming to 1.5°C.