Scatec Sustainability Profile
Scatec ASA, commonly referred to as Scatec, is a leading renewable energy company headquartered in Norway. Founded in 2007, Scatec has established a strong presence in the solar power sector, with significant operations across Africa, Asia, and Latin America. The company focuses on developing, building, and operating solar power plants, offering innovative solutions that contribute to sustainable energy production. With a commitment to enhancing energy access and reducing carbon emissions, Scatec has achieved notable milestones, including the successful commissioning of multiple large-scale solar projects. Their unique approach combines local partnerships with advanced technology, positioning them as a key player in the global renewable energy market. Scatec's dedication to sustainability and innovation has earned them recognition as a trusted leader in the industry.
DitchCarbon Score
How does Scatec'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
Scatec's score of 58 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Scatec's reported carbon emissions
In 2024, Scatec reported total greenhouse gas emissions of approximately 312,721,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 5,002,000 kg CO2e and Scope 3 emissions contributing approximately 307,719,000 kg CO2e. In 2023, the company’s total emissions were about 429,263,000 kg CO2e, with Scope 1 and 2 emissions at approximately 3,765,000 kg CO2e and Scope 3 emissions at around 418,324,000 kg CO2e. Scatec has set ambitious climate commitments, aiming for a 95% reduction in absolute Scope 1 emissions by 2030 and a 100% reduction in Scope 2 emissions by the same year, both from a 2019 baseline. Additionally, the company targets a 55% reduction in Scope 3 emissions per kWh by 2030. Scatec is committed to achieving net-zero emissions across its entire value chain by 2040, in line with the latest climate science from the IPCC to limit global warming to 1.5 degrees Celsius. The company’s long-term targets include maintaining at least a 99% reduction in absolute Scope 1 and 2 emissions from 2030 through 2040, and a 97% reduction in Scope 3 emissions per kWh by 2040. These targets have been approved by the Science Based Targets initiative (SBTi), reinforcing Scatec's commitment to sustainable practices in the energy sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,846,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - |
| Scope 2 | 5,109,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - |
| Scope 3 | 241,294,000 | 000,000,000 | 00,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Scatec's Industry?
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Scatec'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.
Scatec 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.
Frequently Asked Questions
Common questions about Scatec's sustainability data and climate commitments