Scatec

Scatec's reported carbon emissions

## Scatec Carbon Emissions and Climate Commitments Scatec, a company operating in the distribution and trade services of electricity sector and headquartered in Norway, has outlined ambitious climate commitments, including a target of achieving net-zero emissions by 2040. ### Greenhouse Gas Emissions * **2025:** Scatec reported a total of approximately 791,974,000 kg CO2e. This figure comprises roughly 939,000 kg CO2e for Scope 1, approximately 9,304,000 kg CO2e for Scope 2 (location-based), and an estimated 787,977,000 kg CO2e for Scope 3 emissions. Within Scope 3, capital goods represented the largest contributor, accounting for approximately 751,241,000 kg CO2e, followed by purchased goods and services at around 7,562,000 kg CO2e. * **2024:** Total emissions were approximately 228,435,000 kg CO2e. Scope 1 emissions amounted to about 794,000 kg CO2e, Scope 2 (location-based) was approximately 12,277,000 kg CO2e, and Scope 3 was around 223,528,000 kg CO2e. * **2023:** Scatec's total emissions for 2023 were approximately 421,632,000 kg CO2e. Scope 1 emissions were around 1,167,000 kg CO2e, and Scope 2 (location-based) was approximately 10,230,000 kg CO2e. Scope 3 emissions were substantial, totalling about 417,867,000 kg CO2e, with capital goods being the most significant contributor at approximately 386,377,000 kg CO2e. * **2022:** Total emissions for 2022 were approximately 1,474,560,000 kg CO2e, with Scope 1 at 1,442,000 kg CO2e and Scope 2 (location-based) at 8,055,000 kg CO2e. Scope 3 emissions were a significant portion, totalling approximately 1,470,910,000 kg CO2e. * **2021:** The company reported total emissions of approximately 37,695,000 kg CO2e. Scope 1 emissions were about 1,237,000 kg CO2e, and Scope 2 (location-based) was approximately 8,690,000 kg CO2e. Scope 3 emissions were around 28,951,000 kg CO2e. * **2020:** Total emissions were approximately 182,984,000 kg CO2e, with Scope 1 at about 1,011,000 kg CO2e and Scope 2 (location-based) at approximately 8,875,000 kg CO2e. Scope 3 emissions were around 175,867,000 kg CO2e. * **2019:** Scatec's total emissions were approximately 353,602,000 kg CO2e. Scope 1 emissions were about 1,987,000 kg CO2e, and Scope 2 (location-based) was approximately 6,657,000 kg CO2e. Scope 3 emissions were substantial, totalling about 344,958,000 kg CO2e. ### Climate Commitments and Reduction Targets Scatec is committed to aligning its climate ambitions with the latest climate science, aiming to limit global warming to 1.5 degrees Celsius. Key reduction targets include: * **Net Zero:** Achieve net-zero greenhouse gas emissions across the value chain by **2040**, using a 2019 base year. * **Scope 1 Reduction:** Commit to a **95% reduction** in absolute Scope 1 GHG emissions by **2030** from a 2019 base year. * **Scope 2 Reduction:** Increase the annual sourcing of renewable electricity to **100% by 2030** (Scope 2). Long-term targets include maintaining at least 99% absolute Scope 1 and 2 GHG emissions reductions from 2030 through 2040. * **Scope 3 Reduction:** Commit to a **55% reduction** in Scope 3 GHG emissions per kWh by **2030** from a 2019 base year. Long-term, Scatec aims to reduce Scope 3 GHG emissions by 97% per kWh by 2040. These targets are recognised by the Science Based Targets initiative (SBTi), indicating a commitment to science-aligned decarbonisation pathways.