Renewable Energy Group
Renewable Energy Group, commonly known as REG, is a leading player in the renewable energy sector, headquartered in the United States. Founded in 1996, the company has established itself as a pioneer in the production of biofuels, particularly biodiesel and renewable diesel, with significant operations across North America and Europe. REG focuses on sustainable energy solutions, offering a range of products that convert waste materials into high-quality renewable fuels. Their commitment to innovation and sustainability sets them apart in the industry, as they strive to reduce carbon emissions and promote cleaner energy alternatives. With a strong market position, Renewable Energy Group has achieved numerous milestones, including the expansion of its production facilities and strategic partnerships that enhance its operational capabilities. As a trusted name in renewable energy, REG continues to lead the charge towards a more sustainable future.
DitchCarbon Score
How does Renewable Energy Group'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 Gas/Diesel Oil 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
Renewable Energy Group's score of 8 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Renewable Energy Group's reported carbon emissions
In 2021, Renewable Energy Group (REG), headquartered in the US, reported total carbon emissions of approximately 144,000,000 kg CO2e for Scope 1, 47,200,000 kg CO2e for Scope 2 (market-based), and significant Scope 3 emissions, including about 1,009,181,000 kg CO2e from the use of sold products. The company has disclosed emissions data across all three scopes, demonstrating transparency in its environmental impact. REG's emissions for previous years show a consistent pattern, with Scope 3 emissions in 2020 reaching approximately 1,076,000,000 kg CO2e, and Scope 2 emissions at about 66,400,000 kg CO2e in 2019. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. As a current subsidiary of Chevron Corporation, REG's climate commitments and performance data may be influenced by its parent company's sustainability initiatives. However, specific cascading data from Chevron regarding emissions reduction targets has not been detailed. Overall, while REG has made strides in emissions reporting, it currently lacks defined reduction targets, which is critical for aligning with industry standards and addressing climate change effectively.
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| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 000,000,000 |
| Scope 2 | 59,700,000 | 00,000,000 | 00,000,000 | - | 00,000,000 |
| Scope 3 | 59,600,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Renewable Energy Group is not participating in any of the initiatives that 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.
