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Public Profile
Insurance Services
LV
updated 11 days ago

Latvenergo

Company website

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.

47

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.

28

Industry Benchmark

Latvenergo's score of 47 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

71%

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Latvenergo's reported carbon emissions

In 2024, Latvenergo reported total carbon emissions of approximately 4,308,000,000 kg CO2e. This includes Scope 1 emissions of about 780,000,000 kg CO2e, Scope 2 emissions of approximately 114,000,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 3,413,000,000 kg CO2e. The previous year, 2023, saw total emissions of about 3,826,000,000 kg CO2e, with Scope 1 at approximately 717,000,000 kg CO2e and Scope 2 at around 107,000,000 kg CO2e (market-based). Latvenergo has set ambitious climate commitments, aiming to reduce direct greenhouse gas emissions by 47% by 2030 compared to 2021 levels, while also increasing the share of renewable energy sources (RES) in electricity generation to 80%. Additionally, the company is working towards achieving climate neutrality in electricity generation by 2040. A specific target includes a 20% reduction in Scope 2 emissions by 2030. These commitments align with broader European Union goals, which include a provisional agreement to reduce emissions in the ETS sectors by 62% compared to 2005 levels by 2030. Overall, Latvenergo is actively pursuing a path towards significant emissions reductions and a transition to sustainable energy practices.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2018201920202021202220232024
Scope 1
1,251,000,000
0,000,000,000
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
0,000,000
000,000,000
000,000,000
Scope 3
-
-
-
-
0,000,000,000
0,000,000,000
0,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Latvenergo's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Latvenergo is in LV, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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