Neoenergia

Neoenergia, a Brazilian electrical machinery and apparatus company, reported its 2024 emissions at approximately 2.54 billion kg CO2e. This total comprises Scope 1 emissions of about 108.28 million kg CO2e, Scope 2 emissions of around 415.90 million kg CO2e, and Scope 3 emissions of approximately 2.02 billion kg CO2e. Key contributors to Scope 3 emissions in 2024 included purchased goods and services (937.80 million kg CO2e) and fuel and energy-related activities (361.06 million kg CO2e).

Looking back, in 2023, Neoenergia's total emissions were approximately 1.99 billion kg CO2e, with Scope 1 at about 104.03 million kg CO2e, Scope 2 at around 208.39 million kg CO2e, and Scope 3 at roughly 1.68 billion kg CO2e. In 2022, total emissions stood at approximately 1.79 billion kg CO2e, including Scope 1 emissions of approximately 84.57 million kg CO2e, Scope 2 emissions of about 331.65 million kg CO2e, and Scope 3 emissions of roughly 1.37 billion kg CO2e.

Neoenergia has ambitious climate commitments. The company's Science Based Targets initiative (SBTi) validated targets commit to achieving net-zero greenhouse gas emissions across its value chain by FY2039. Specifically, Neoenergia aims to reduce Scope 1 GHG emissions by 73.18% per MWh energy produced by FY2030 from a FY2021 base year, and by 85.1% per MWh energy produced by FY2039. Furthermore, the company commits to reducing Scope 1, 2, and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 73.09% per MWh by FY2030 and by 82.8% per MWh by FY2039. Neoenergia also targets a 42% reduction in remaining absolute Scope 3 GHG emissions by FY2030 and a 90% reduction by FY2039. These targets are consistent with reductions required to limit global warming to 1.5°C.