Reykjavik Energy Or

Reykjavik Energy Or's reported carbon emissions

## Reykjavik Energy (OR) Carbon Emissions and Climate Commitments Reykjavik Energy (OR) is committed to achieving net-zero greenhouse gas emissions across its value chain by 2040. The company has established ambitious near-term and long-term targets aligned with the 1.5°C warming limit. **Emissions Overview:** In 2022, Reykjavik Energy reported a total of approximately 51.1 million kg CO2e in emissions. This total comprises: * **Scope 1 emissions:** Approximately 49.2 million kg CO2e. * **Scope 3 emissions:** Approximately 1.9 million kg CO2e, including contributions from business travel (about 70,000 kg CO2e), employee commutes (about 90,000 kg CO2e), and waste generated in operations (about 340,000 kg CO2e). Scope 2 emissions data was not reported for 2022. **Climate Commitments and Reduction Targets:** Reykjavik Energy has set the following key climate commitments: * **Net-Zero Target:** To achieve net-zero greenhouse gas emissions across the entire value chain by 2040. * **Scope 1 Emissions Reduction:** * A near-term target to reduce absolute Scope 1 GHG emissions by 90% by 2030, using 2016 as the base year. * An intensity target to reduce Scope 1 GHG emissions by 90.1% per TWh of energy produced by 2030, also from a 2016 baseline. * A long-term commitment to maintain a minimum of 90.1% reduction in Scope 1 and 2 GHG emissions per TWh of energy produced from 2030 through 2040. * A long-term commitment to reduce all remaining Scope 1, 2, and 3 GHG emissions by 90% by 2040 from a 2016 base year. * **Scope 2 Emissions:** Commitment to maintain a minimum of 90.1% reduction in Scope 1 and 2 GHG emissions per TWh of energy produced from 2030 through 2040. * **Scope 3 Emissions Reduction:** * A near-term target to reduce absolute Scope 3 GHG emissions by 40% by 2030, from a 2016 base year. * A near-term target to reduce Scope 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 5% per MWh by 2030, from a 2016 base year. * A long-term commitment to maintain Scope 3 GHG emissions from fuel and energy-related activities covering all sold electricity at 5% per MWh from 2030 through 2040. * **Renewable Electricity Sourcing:** Commitment to continue annually sourcing 100% renewable electricity through 2030. The reported targets and commitments include land-related emissions and removals from bioenergy feedstocks. Reykjavik Energy's headquarters are located in Iceland (IS), and its industry classification is "Electricity nec".