Scatec
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 50 is higher than 76% 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 2023, Scatec reported total greenhouse gas emissions of approximately 422,089,000 kg CO2e, comprising 1,167,000 kg CO2e from Scope 1, 2,598,000 kg CO2e from Scope 2 (market-based), and a significant 417,643,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for a 95% reduction in absolute Scope 1 emissions by 2030 and a complete 100% reduction in Scope 2 emissions by the same year, both from a 2019 baseline. Furthermore, Scatec is committed to reducing Scope 3 emissions by 55% per kWh by 2030. Looking towards the long term, Scatec has pledged to achieve net-zero emissions across its entire value chain by 2040. This commitment aligns with the latest climate science from the IPCC, which aims to limit global warming to 1.5 degrees Celsius. The company has also set a target to maintain at least 99% absolute reductions in Scope 1 and 2 emissions from 2030 through 2040, while aiming for a 97% reduction in Scope 3 emissions per kWh by 2040. Scatec's climate targets have been approved by the Science Based Targets initiative (SBTi), reinforcing their commitment to sustainable practices within the electric utilities sector. The company is headquartered in Norway and continues to focus on enhancing its renewable energy sourcing and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,846,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,109,000 | 0,000,000 | 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 |
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.
Scatec is participating in some 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.
