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 57 is higher than 75% 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 5,550,344,000 kg CO2e, comprising 1,113,058,000 kg CO2e from Scope 1, 151,470,000 kg CO2e from Scope 2, and 4,436,208,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for less than 50 g CO2e/kWh by 2025, less than 35 g CO2e/kWh by 2030, and achieving climate neutrality by 2040. Statkraft is also part of the EU’s emission trading scheme and has committed to reducing emissions by 40% by 2030, in line with EU climate frameworks. In 2023, Statkraft's total emissions were approximately 1,619,324,000 kg CO2e, with Scope 1 emissions at 889,360,000 kg CO2e, Scope 2 at 155,300,000 kg CO2e, and Scope 3 at 791,276,000 kg CO2e. The company has disclosed emissions data across all scopes, demonstrating transparency in its climate impact. Statkraft's emissions data is cascaded from its parent company, Statkraft AS, reflecting its commitment to sustainability and climate action within the energy sector. The company continues to focus on reducing its carbon footprint while transitioning to a more sustainable energy model.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 469,600,000 | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 | 0,000,000 | 0,000,000 | 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 2014, 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.
