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 7 is lower than 55% 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 2022, MVM reported total carbon emissions of approximately 4,370,145,000 kg CO2e from Scope 1 and 72,306,000 kg CO2e from Scope 2. Additionally, their Scope 3 emissions, specifically from the use of sold products, amounted to about 10,507,275,000 kg CO2e. This reflects a continued commitment to transparency in emissions reporting. Comparing the data, MVM's Scope 1 emissions decreased from approximately 4,517,344,000 kg CO2e in 2021 to 4,370,145,000 kg CO2e in 2022, indicating a reduction in direct emissions. Scope 2 emissions also saw an increase from about 53,058,000 kg CO2e in 2021 to 72,306,000 kg CO2e in 2022, which may suggest a shift in energy sourcing or increased energy consumption. Despite these figures, MVM has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets indicates a potential area for improvement in their climate strategy. Overall, MVM's emissions data highlights the importance of ongoing efforts to manage and reduce carbon footprints in alignment with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 4,858,252,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 33,776,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000,000 |
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.
