Neoenergia

Neoenergia, a company operating in the Electrical machinery and apparatus n.e.c. (31) industry in Brazil, has set ambitious climate commitments, including achieving net-zero greenhouse gas emissions by 2039. This commitment aligns with the Paris Agreement and climate science, and was validated by the Science Based Target initiative (SBTi).

In 2024, Neoenergia reported total emissions of approximately 2.74 billion kg CO2e. This figure is composed of Scope 1 emissions at approximately 108.3 million kg CO2e, Scope 2 emissions at approximately 415.9 million kg CO2e, and Scope 3 emissions at approximately 2.02 billion kg CO2e.

Looking back, in 2023, total emissions were approximately 1.98 billion kg CO2e, with Scope 1 at about 104 million kg CO2e, Scope 2 at around 208.4 million kg CO2e, and Scope 3 at approximately 1.68 billion kg CO2e. For 2022, total emissions amounted to approximately 1.84 billion kg CO2e, comprising Scope 1 emissions of about 84.6 million kg CO2e, Scope 2 emissions of roughly 331.7 million kg CO2e, and Scope 3 emissions of approximately 1.37 billion kg CO2e.

Neoenergia's climate strategy includes significant reductions in its indirect emissions (Scope 3), targeting up to a 90% reduction by 2039. Their SBTi-validated targets also include near-term commitments, such as reducing Scope 1 GHG emissions by 73.18% per MWh energy produced by FY2030 from a FY2021 base year. Additionally, they aim to reduce Scope 1, 2, and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 73.09% per MWh within the same timeframe. They also commit to reducing remaining absolute Scope 3 GHG emissions by 42% by FY2030. For the long term, Neoenergia commits to reducing Scope 1 GHG emissions by 85.1% per MWh energy produced by FY2039 from a FY2021 base year, and a further reduction of Scope 1, 2, and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 82.8% per MWh by FY2039. Finally, they aim for a significant 90% reduction in remaining absolute Scope 3 GHG emissions by FY2039.

These emissions data and reduction targets are reported for Neoenergia S.A.