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Statnett SF, a leading player in the electricity sector, is headquartered in Norway and operates extensively across the Nordic region. Founded in 1992, Statnett has established itself as a pivotal entity in the management and development of the national power grid, ensuring a reliable electricity supply for millions.
Specialising in electricity transmission, Statnett focuses on enhancing grid capacity and integrating renewable energy sources, which sets it apart in the industry. The company is renowned for its commitment to sustainability and innovation, playing a crucial role in the transition towards a greener energy landscape.
With a strong market position, Statnett has achieved significant milestones, including the expansion of interconnections with neighbouring countries, thereby bolstering energy security and facilitating cross-border electricity trade. Its dedication to operational excellence and strategic investments continues to shape the future of electricity in Norway and beyond.
+55 vs industry average
Statnett’s score of 71 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electricity from Other Sources is among the most carbon-intensive industries
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
Statnett, headquartered in Norway and operating in the Electricity nec industry, reported total carbon emissions of approximately 1.65 billion kg CO2e in 2025. This includes about 12.3 million kg CO2e from Scope 1 emissions, approximately 1.52 billion kg CO2e from Scope 2 emissions, and around 113.3 million kg CO2e from Scope 3 emissions.
Looking back, Statnett's total emissions were approximately 1.84 billion kg CO2e in 2024, about 1.65 billion kg CO2e in 2023, and around 1.19 billion kg CO2e in 2022. In 2021, total emissions were about 368.7 million kg CO2e, with Scope 1 emissions at approximately 12.4 million kg CO2e, Scope 2 at around 21.1 million kg CO2e, and Scope 3 at about 335.2 million kg CO2e. In 2020, total emissions were approximately 175.2 million kg CO2e, comprising around 15.9 million kg CO2e (Scope 1), about 40.1 million kg CO2e (Scope 2), and approximately 119.2 million kg CO2e (Scope 3). For 2019, total emissions were about 61.3 million kg CO2e, with Scope 1 at approximately 13.2 million kg CO2e and Scope 2 at around 42.6 million kg CO2e. In 2018, Scope 1 emissions were approximately 16.5 million kg CO2e and Scope 2 emissions were about 40.4 million kg CO2e.
Statnett has committed to several climate reduction targets. The company aims to reduce its Scope 1 greenhouse gas emissions by 50% by 2030, compared with 2019 levels. They also target a 25% reduction in their Scope 1 emissions by 2025, against a 2019 baseline. A similar 25% reduction target for Scope 2 emissions by 2025 (compared to 2019) has also been set. Additionally, Statnett plans to cut its Scope 1 emissions by 73% and Scope 2 emissions by 24% from 2023 to 2024. The company has a long-term goal of achieving net-zero emissions across its entire value chain by 2050, as well as making its facilities completely SF6-free by the same year. Statnett has also stated an ambition to reduce carbon emissions by at least 50% by 2030 compared to 1990 levels. Statnett also aims to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade.
Statnett SF has committed to net-zero targets with the Science Based Targets initiative (SBTi).
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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