Moreld

Moreld AS, headquartered in Norway and operating within the Gas/Diesel Oil industry, reported a total of approximately 195.2 billion kg CO2e in emissions for 2025. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

For 2025, Scope 1 emissions were approximately 43.6 billion kg CO2e. Scope 2 emissions, utilising market-based reporting, were approximately 1.1 billion kg CO2e, while location-based reporting for Scope 2 was approximately 0.3 billion kg CO2e. Scope 3 emissions accounted for the majority, totalling approximately 150.4 billion kg CO2e. Within Scope 3, purchased goods and services represented the largest component at about 135 billion kg CO2e, followed by fuel and energy-related activities at approximately 9.9 billion kg CO2e, and upstream transportation and distribution at about 3.1 billion kg CO2e. Business travel contributed approximately 2.4 billion kg CO2e, and waste generated in operations was around 81 million kg CO2e.

In 2024, Moreld AS also reported a total of approximately 195.2 billion kg CO2e, with Scope 1 emissions at about 43.6 billion kg CO2e, Scope 2 emissions at approximately 1.1 billion kg CO2e (market-based) and 0.3 billion kg CO2e (location-based), and Scope 3 emissions at around 150.4 billion kg CO2e. The breakdown of Scope 3 emissions for 2024 mirrors that of 2025, with purchased goods and services as the largest contributor.

Earlier reporting shows a downward trend in total emissions. In 2021, total emissions were approximately 5.4 billion kg CO2e, comprising about 1.4 billion kg CO2e for Scope 1, 1.3 billion kg CO2e for Scope 2, and 2.7 billion kg CO2e for Scope 3. In 2020, total emissions were approximately 7.7 billion kg CO2e, with Scope 1 at about 1.4 billion kg CO2e, Scope 2 at approximately 1.8 billion kg CO2e, and Scope 3 at around 4.4 billion kg CO2e. In 2019, total emissions were approximately 8.2 billion kg CO2e, with Scope 1 at about 1.8 billion kg CO2e, Scope 2 at approximately 1.8 billion kg CO2e, and Scope 3 at around 4.5 billion kg CO2e.

Moreld AS is committed to climate action through various reduction initiatives. Ignitis Group, which may cascade targets, aims for net-zero emissions by 2040-2050. Near-term targets include reducing Scope 1 GHG emissions from electricity and heat generation by 86.6% per kWh by 2030 (from a 2023 base year) and reducing Scope 3 GHG emissions from the use of sold products for sold and distributed fossil fuels by 42% by 2030. They also target a 79.9% reduction in Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all electricity sold per kWh by 2030. Furthermore, there is a commitment that by 2030, all portfolio companies under HitecVision (which may have a relationship with Moreld AS) will have set science-based emissions reduction targets.