Lightsource Bp

Lightsource bp, a UK-based company in the Electricity by solar photovoltaic industry, reported its most recent carbon emissions for 2024. The company's total reported emissions were approximately 1.36 billion kg CO2e. This included Scope 1 emissions of 652,000 kg CO2e, Scope 2 market-based emissions of 3,351,000 kg CO2e, and Scope 3 emissions of 1,357,529,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were capital goods (1,269,250,000 kg CO2e) and upstream transportation and distribution (50,958,000 kg CO2e).

Looking back, Lightsource bp's emissions in 2023 were significantly lower, with a total of approximately 55.4 million kg CO2e. This comprised Scope 1 emissions of 683,000 kg CO2e, Scope 2 market-based emissions of 4,008,000 kg CO2e, and Scope 3 emissions of 50,752,000 kg CO2e.

Lightsource bp has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company commits 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 targets are considered consistent with reductions required to keep warming to 1.5°C.

It's important to note that Lightsource bp is a joint venture of bp, which is currently excluded from joining the SBTi due to the temporary policy surrounding fossil fuel companies. However, Lightsource bp meets category 2.4 of this policy, allowing its science-based targets to be approved. Emissions data and targets for Lightsource bp are disclosed directly by Lightsource bp Renewable Energy Investments Limited.