Latvenergo
Latvenergo AS, a leading energy company based in Latvia, has been a cornerstone of the Baltic energy sector since its establishment in 1939. Headquartered in Riga, the company operates primarily in Latvia, with significant activities in Estonia and Lithuania. Specialising in electricity and heat generation, transmission, and distribution, Latvenergo is renowned for its commitment to sustainability and innovation. The company’s core products include electricity supply, thermal energy, and various energy-related services, distinguished by their focus on renewable resources and energy efficiency. Over the years, Latvenergo has achieved notable milestones, including the integration of advanced technologies in its operations, positioning itself as a market leader in the region. With a strong emphasis on customer service and environmental responsibility, Latvenergo continues to play a pivotal role in shaping the future of energy in the Baltic states.
DitchCarbon Score
How does Latvenergo'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 Insurance Services 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
Latvenergo's score of 44 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Latvenergo's reported carbon emissions
In 2023, Latvenergo reported total carbon emissions of approximately 3,000,000,000 kg CO2e, comprising 717,000,000 kg CO2e from Scope 1 and 107,000,000 kg CO2e from Scope 2 emissions. Notably, Scope 3 emissions accounted for about 2,976,000,000 kg CO2e, with significant contributions from fuel and energy-related activities (approximately 2,847,000,000 kg CO2e) and the use of sold products (approximately 179,000,000 kg CO2e). Comparatively, in 2022, the company emitted around 2,731,000,000 kg CO2e, with Scope 1 emissions at 673,000,000 kg CO2e and Scope 2 emissions at 110,000,000 kg CO2e. This indicates an increase in total emissions from 2022 to 2023. Latvenergo has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. However, the company continues to monitor and report its emissions across Scopes 1, 2, and 3, reflecting a commitment to transparency in its environmental impact. The reported CO2 emission intensity per unit of electricity output has shown a decrease, with values of 75.0 g CO2e/MWh in 2023 compared to 83.0 g CO2e/MWh in 2022, indicating progress in reducing emissions per unit of electricity generated.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,251,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 76,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 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.
Latvenergo is not participating in any 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.
