Magma Energy Inc. Sustainability Profile
Magma Energy Inc., a prominent player in the renewable energy sector, is headquartered in the United States and operates extensively in geothermal energy production. Founded in 2008, the company has made significant strides in harnessing geothermal resources, positioning itself as a leader in sustainable energy solutions. Magma Energy focuses on the development and operation of geothermal power plants, offering unique services that leverage advanced technology to maximise energy efficiency. With a commitment to environmental sustainability, the company has achieved notable milestones, including successful projects in key operational regions across North America. Recognised for its innovative approach, Magma Energy Inc. continues to strengthen its market position, contributing to the global transition towards cleaner energy sources while delivering reliable power solutions.
DitchCarbon Score
How does Magma Energy Inc.'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 Salt and Mineral Mining 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
Magma Energy Inc.'s score of 23 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magma Energy Inc., headquartered in the US, currently does not have specific carbon emissions data available for recent years, as indicated by the absence of reported figures. The company is part of a corporate family that includes Berkshire Hathaway Energy Company, from which it inherits emissions data at a cascade level of 5. However, no specific emissions figures have been provided from this source. In terms of climate commitments, Magma Energy Inc. has not established any documented reduction targets or initiatives. The company does not appear to have set Science-Based Targets Initiative (SBTi) targets or any other formal climate pledges. This lack of specific commitments may reflect a broader industry context where many companies are still developing their sustainability strategies. As a merged entity, Magma Energy Inc. may benefit from the climate initiatives and performance metrics of its parent companies, particularly Berkshire Hathaway Energy Company and Berkshire Hathaway Inc., which are known for their commitments to sustainability. However, without specific data or targets from Magma Energy Inc. itself, it is challenging to assess its individual climate impact or commitments.
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| 2017 | 2022 | |
|---|---|---|
| Scope 1 | 66,445,657,000 | 0,000,000,000 |
| Scope 2 | 67,918,340,000 | 0,000,000,000 |
| Scope 3 | 68,371,960,000 | - |
How Carbon Intensive is Magma Energy Inc.'s Industry?
How Carbon Intensive is Magma Energy Inc.'s Location?
Magma Energy Inc.'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.
Magma Energy Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
