Lightsource Bp

Lightsource bp, a UK-based company in the Electricity by solar photovoltaic industry, reported its 2024 Scope 1 emissions as 652,000 kg CO2e, Scope 2 emissions (market-based) as 3,351,000 kg CO2e, and Scope 3 emissions as 1,357,529,000 kg CO2e. For 2023, the company's Scope 1 emissions were 683,000 kg CO2e, Scope 2 (market-based) were 4,008,000 kg CO2e, and Scope 3 emissions were 50,752,000 kg CO2e.

Lightsource bp has set ambitious climate commitments. The company is committed to reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030, from a 2021 base year. Additionally, Lightsource bp aims to reduce Scope 3 GHG emissions by 52% per MW generation capacity constructed within the same timeframe. These near-term targets are classified as consistent with a 1.5°C warming scenario by the Science Based Targets initiative (SBTi). Lightsource bp's SBTi targets are cascaded from its current subsidiary relationship with Lightsource bp Renewable Energy Investments Limited. It is noted that Lightsource bp, as a joint venture of BP p.l.c., meets category 2.4 of the temporary policy for fossil fuel companies, allowing its science-based targets to be approved.