Statkraft Sustainability Profile
Statkraft AS, headquartered in Norway, is a leading European company in renewable energy. Founded in 1895, Statkraft has established itself as a pioneer in hydropower, wind energy, and solar power, with significant operations across Norway, Sweden, Germany, and several other countries. The company focuses on sustainable energy solutions, offering a diverse portfolio that includes electricity generation, energy trading, and power market services. Statkraft's commitment to innovation and sustainability sets it apart in the energy sector, positioning it as a key player in the transition to a low-carbon economy. With a strong market presence and a reputation for reliability, Statkraft has achieved numerous milestones, including being one of Europe’s largest producers of renewable energy. Its dedication to environmental stewardship and community engagement further enhances its standing in the industry.
DitchCarbon Score
How does Statkraft'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 Machinery and Equipment 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
Statkraft's score of 61 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Statkraft's reported carbon emissions
In 2024, Statkraft reported total carbon emissions of approximately 5.55 billion kg CO2e, comprising 1.11 billion kg CO2e from Scope 1, 151.1 million kg CO2e from Scope 2, and 4.44 billion kg CO2e from Scope 3 emissions. This data reflects a comprehensive disclosure of emissions across all relevant scopes, demonstrating the company's commitment to transparency in its climate impact. Statkraft has set ambitious climate targets, aiming for less than 50 g CO2e per kWh by 2025, less than 35 g CO2e per kWh by 2030, and achieving climate neutrality by 2040. Additionally, as part of its commitment to the EU's climate framework, Norway, where Statkraft is headquartered, aims to reduce emissions by 40% by 2030, a target that applies to both Scope 1 and Scope 2 emissions. The emissions data is cascaded from Statkraft AS, reflecting the company's integrated approach to sustainability and climate action. Statkraft's initiatives align with industry standards, showcasing its dedication to reducing its carbon footprint and contributing to global climate goals.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 469,600,000 | 000,000,000 | - | - | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Statkraft's Industry?
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Statkraft's Scope 3 Categories Breakdown
Statkraft's Scope 3 emissions, which increased by 461% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 63% of Scope 3 emissions.
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Statkraft'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.
Statkraft 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.
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