Lightsource Bp Sustainability Profile
Lightsource BP, a leading global solar energy company, is headquartered in Great Britain and operates extensively across Europe, North America, and Australia. Founded in 2010, the company has rapidly established itself in the renewable energy sector, focusing on the development, financing, and operation of solar power projects. With a commitment to sustainability, Lightsource BP offers innovative solar solutions that cater to both utility-scale and commercial clients. Their unique approach combines advanced technology with strategic partnerships, enabling them to deliver efficient and cost-effective solar energy solutions. Recognised for their significant contributions to the solar industry, Lightsource BP has achieved notable milestones, including the successful deployment of numerous large-scale solar farms. As a key player in the transition to clean energy, the company continues to enhance its market position through ongoing innovation and expansion.
DitchCarbon Score
How does Lightsource Bp'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 Solar PV Electricity 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
Lightsource Bp's score of 65 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lightsource Bp's reported carbon emissions
In 2024, Lightsource bp reported total carbon emissions of approximately 1,357,529,000 kg CO2e, with emissions distributed across various scopes: 652,000 kg CO2e (Scope 1), 3,351,000 kg CO2e (Scope 2), and a significant 1,357,529,000 kg CO2e (Scope 3). The Scope 3 emissions primarily stem from capital goods (about 1,269,250,000 kg CO2e) and business travel (approximately 6,807,000 kg CO2e). Lightsource bp has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 42% by 2030, using 2021 as the base year. This target is part of their Science-Based Targets initiative (SBTi) commitments, which also include a 52% reduction in Scope 3 emissions per MW of generation capacity constructed within the same timeframe. The company is a joint venture of BP p.l.c., which influences its sustainability strategies and targets. In terms of historical performance, Lightsource bp's Scope 1 emissions decreased from 683,000 kg CO2e in 2023 to 652,000 kg CO2e in 2024, while Scope 2 emissions saw a reduction from 4,008,000 kg CO2e in 2023 to 3,351,000 kg CO2e in 2024. The company is on track to meet its near-term targets, with a commitment to reducing emissions by 26% by 2027 from the same 2021 baseline. Overall, Lightsource bp's emissions data and climate commitments reflect a proactive approach to sustainability, aligning with industry standards and contributing to global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,337,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 884,000 | 000,000 | - | - | 0,000,000 | 0,000,000 |
| Scope 3 | 462,358,000 | - | - | - | 00,000,000 | 0,000,000,000 |
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Lightsource Bp's Scope 3 Categories Breakdown
Lightsource Bp's Scope 3 emissions, which increased significantly last year and increased by approximately 194% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 93% of Scope 3 emissions.
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Lightsource Bp's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lightsource Bp has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Lightsource Bp's sustainability data and climate commitments