Ox2 Sustainability Profile
Ox2, officially known as Ox2 AB, is a leading player in the renewable energy sector, headquartered in Sweden (SE). Founded in 2006, the company has established a strong presence in the Nordic region, focusing on the development and management of wind and solar energy projects. With a commitment to sustainability, Ox2 offers unique solutions that encompass the entire lifecycle of renewable energy projects, from initial planning to operational management. Their innovative approach has positioned them as a key contributor to the transition towards a greener economy. Notable achievements include the successful development of numerous large-scale wind farms, solidifying Ox2's reputation as a trusted partner in the industry. As a pioneer in renewable energy, Ox2 continues to drive progress and set benchmarks for excellence in sustainable energy solutions.
DitchCarbon Score
How does Ox2'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 Wind Power 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
Ox2's score of 64 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ox2's reported carbon emissions
In 2023, OX2 AB reported total greenhouse gas emissions of approximately 547,239,000 kg CO2e, with Scope 1 emissions at about 41,000 kg CO2e, Scope 2 emissions at approximately 144,000 kg CO2e, and a significant Scope 3 contribution of around 547,055,000 kg CO2e. The company has set ambitious targets to reduce its Scope 1 and Scope 2 emissions by 42% by 2030, using 2022 as the baseline year. This commitment aligns with the Science Based Targets initiative (SBTi) and is designed to support the global goal of limiting temperature rise to 1.5°C. OX2's emissions data is sourced directly from the company, with no cascading from a parent organization. The company is actively measuring and aiming to reduce its Scope 3 emissions as part of its comprehensive climate strategy. The reported emissions intensity of the electricity grid across various regions, including Sweden, is approximately 0.35 kg CO2e per kWh, indicating the company's focus on renewable energy sources and reducing its carbon footprint.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 58,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 8,000 | 00,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | 461,902,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Ox2's Industry?
How Carbon Intensive is Ox2's Location?
Ox2's Scope 3 Categories Breakdown
Ox2's Scope 3 emissions, which decreased by 86% last year and decreased by approximately 84% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 78% of Scope 3 emissions.
Top Scope 3 Categories
Ox2'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.
Ox2 has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
