Saudi Electricity Company Sustainability Profile
The Saudi Electricity Company (SEC), headquartered in Riyadh (SR), is a leading entity in the Middle East's energy sector. Established in 2000, SEC has played a pivotal role in the development and management of electricity generation, transmission, and distribution across Saudi Arabia. With a focus on sustainable energy solutions, the company operates in various regions, ensuring reliable power supply to millions of customers. SEC's core services include electricity generation from diverse sources, including renewable energy initiatives, which set it apart in a rapidly evolving market. The company has achieved significant milestones, such as expanding its capacity and enhancing grid infrastructure, solidifying its position as a key player in the region. With a commitment to innovation and efficiency, the Saudi Electricity Company continues to lead the way in powering the nation’s growth.
DitchCarbon Score
How does Saudi Electricity Company'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 Electricity Distribution 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
Saudi Electricity Company's score of 1 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Saudi Electricity Company's reported carbon emissions
In 2023, the Saudi Electricity Company (SEC), headquartered in Riyadh (SR), reported significant carbon emissions, totalling approximately 144,990,000,000 kg CO2e for Scope 1 and about 6,940,000,000 kg CO2e for Scope 2 emissions. The combined total for Scope 1 and Scope 2 emissions reached around 151,930,000,000 kg CO2e. This data reflects a notable increase from 2022, where Scope 1 emissions were about 136,610,000,000 kg CO2e and Scope 2 emissions were approximately 76,120,000,000 kg CO2e. SEC has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for further commitment to climate action. The emissions data indicates a trend of increasing emissions over the years, with 2021 emissions at approximately 124,310,000,000 kg CO2e for Scope 1 and about 79,290,000,000 kg CO2e for Scope 2. This upward trajectory highlights the importance of implementing effective strategies to mitigate carbon output and align with global climate goals. Overall, while SEC has made strides in reporting its emissions, the absence of reduction targets and initiatives underscores the necessity for enhanced climate commitments to address the growing environmental challenges.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 145,330,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
| Scope 2 | 54,890,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
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Saudi Electricity Company'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.
Saudi Electricity Company 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.
