MVM
MVM, or Magyar Villamos Művek Zrt., is a leading energy company headquartered in Hungary (HU). Established in 2006, MVM has rapidly evolved into a key player in the energy sector, primarily focusing on electricity generation, distribution, and trading. With a strong presence across Central and Eastern Europe, the company has made significant strides in renewable energy initiatives and smart grid technologies. MVM's core offerings include electricity supply, energy efficiency solutions, and innovative energy management services, setting them apart through their commitment to sustainability and technological advancement. The company has achieved notable milestones, including substantial investments in renewable energy projects, positioning itself as a market leader in Hungary and beyond. With a reputation for reliability and innovation, MVM continues to shape the future of energy in the region.
DitchCarbon Score
How does MVM'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 Electricity from Other Sources 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
MVM's score of 23 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
MVM's reported carbon emissions
In 2023, MVM reported total carbon emissions of approximately 3,709,801,000 kg CO2e, with Scope 1 emissions accounting for about 3,709,801,000 kg CO2e and Scope 2 emissions at approximately 80,818,000 kg CO2e (market-based). The company has shown a trend of decreasing emissions over the years, with 2022 emissions at about 4,392,689,000 kg CO2e for Scope 1 and approximately 72,828,000 kg CO2e for Scope 2 (market-based). In 2021, MVM's emissions were approximately 4,517,344,000 kg CO2e for Scope 1 and about 52,522,000 kg CO2e for Scope 2 (market-based), alongside significant Scope 3 emissions of approximately 10,305,572,000 kg CO2e from the use of sold products. Despite these figures, MVM has not disclosed specific reduction targets or initiatives as part of their climate commitments. The company continues to focus on improving its emissions intensity, with reported GHG intensity values of 0.196 gCO2e/kWh in 2023 and 0.223 gCO2e/kWh in 2022. MVM's headquarters is located in Hungary (HU), and while they have not set formal reduction targets, their ongoing efforts reflect a commitment to addressing climate change and reducing their carbon footprint.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 4,858,252,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 33,776,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000,000 | 0,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
MVM is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
