NovaSource Sustainability Profile
NovaSource, officially known as NovaSource Power Services, is a leading provider of renewable energy solutions headquartered in the United States. Founded in 2020, the company has quickly established itself in the solar energy sector, focusing on operations and maintenance (O&M) services for solar power plants across North America and beyond. With a commitment to maximising the performance and longevity of solar assets, NovaSource offers a range of innovative services, including monitoring, repair, and optimisation. Their unique approach combines advanced technology with industry expertise, ensuring clients achieve optimal energy production and efficiency. Recognised for its rapid growth and dedication to sustainability, NovaSource has positioned itself as a key player in the renewable energy market, contributing to the global transition towards cleaner energy solutions.
DitchCarbon Score
How does NovaSource'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 Chemicals 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
NovaSource's score of 50 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest reporting, NovaSource does not have specific carbon emissions data available, indicating a lack of disclosed figures for their Scope 1, 2, or 3 emissions. The company is a current subsidiary of Tessenderlo Group NV, which may influence its climate commitments and reporting practices. While no specific reduction targets or achievements have been outlined for NovaSource, it is important to note that the company is part of a broader corporate family that may have its own sustainability initiatives. However, details regarding any cascading emissions data or specific climate pledges from Tessenderlo Group NV have not been provided. In the absence of concrete emissions data and reduction targets, NovaSource's commitment to addressing climate change remains unclear. The company may benefit from aligning with industry standards and frameworks such as the Science Based Targets initiative (SBTi) to establish measurable climate goals in the future.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,241,117,000 | 00,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 188,457,000 | 00,000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is NovaSource's Industry?
How Carbon Intensive is NovaSource's Location?
NovaSource's Scope 3 Categories Breakdown
NovaSource's Scope 3 emissions, which decreased by 16% last year and decreased by approximately 100% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 62% of Scope 3 emissions.
Top Scope 3 Categories
NovaSource's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
NovaSource has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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