Montea

Montea's reported carbon emissions

Montea NV, headquartered in Belgium, has outlined ambitious climate commitments. For the year 2024, Montea reported total emissions of approximately 178,650 kg CO2e. This figure comprises Scope 1 emissions totalling around 11,720,100 kg CO2e, with fugitive emissions accounting for 2,064,370 kg CO2e. Scope 2 emissions were reported as 0 kg CO2e based on location, with purchased electricity contributing 14,520 kg CO2e. Scope 3 emissions for 2024 were approximately 10,398,720 kg CO2e, including 90,020 kg CO2e for capital goods, 9,735,460 kg CO2e for downstream leased assets, and 681,740 kg CO2e for fuel and energy-related activities. In 2023, Montea's total emissions were approximately 171,830 kg CO2e. This included Scope 1 emissions of about 18,822,200 kg CO2e (with 1,545,650 kg CO2e from fugitive emissions), Scope 2 emissions of 0 kg CO2e (location-based) with purchased electricity at 5,800 kg CO2e, and Scope 3 emissions of approximately 11,429,200 kg CO2e. Key components of Scope 3 included 83,800 kg CO2e for capital goods, 9,904,110 kg CO2e for downstream leased assets, and 320,330 kg CO2e for fuel and energy-related activities. Montea has established significant reduction targets. The company is committed to achieving CO2 neutrality in its operations without offsetting by 2030. Furthermore, Montea aims for its entire portfolio to be Paris Proof, meaning CO2 net zero, by 2050. In alignment with Science Based Targets initiative (SBTi), Montea NV commits to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using a 2018 base year. They also commit to measuring and reducing their Scope 3 emissions. These targets have been approved using a streamlined validation route for Small and Medium-sized Enterprises (SMEs) and are considered consistent with limiting warming to 1.5°C.