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Vattenfall AB, a leading player in the transmission services of electricity, is headquartered in Sweden (SE) and operates extensively across Northern Europe, including Germany, the Netherlands, and Denmark. Founded in 1909, Vattenfall has evolved into one of Europe’s largest energy companies, focusing on sustainable energy solutions and innovative transmission technologies.
The company’s core services encompass electricity transmission, distribution, and generation, with a strong emphasis on renewable energy sources. Vattenfall is recognised for its commitment to reducing carbon emissions and enhancing energy efficiency, positioning itself as a pioneer in the transition to a sustainable energy future. With numerous accolades for its environmental initiatives, Vattenfall continues to strengthen its market position, driving advancements in the energy sector while ensuring reliable electricity supply for millions of customers.
+51 vs industry average
Vattenfall’s score of 78 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 Transmission is among the most carbon-intensive industries
The Electricity Transmission industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
Vattenfall, headquartered in Sweden and operating in the electricity transmission services industry, is committed to reducing its carbon footprint. In 2025, Vattenfall reported total emissions of approximately 23.5 million metric tons CO2e. This includes about 3.4 billion kg CO2e from Scope 1, 31 million kg CO2e from Scope 2 (market-based), and 19.8 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 were use of sold products (11.4 billion kg CO2e) and fuel and energy related activities (7.3 billion kg CO2e). This represents a decrease from 2024, when total emissions were approximately 24.6 million metric tons CO2e, with Scope 1 at 3.3 billion kg CO2e, Scope 2 market-based at 27 million kg CO2e, and Scope 3 at 21.3 billion kg CO2e. Looking further back, in 2023, total emissions were approximately 25.9 billion kg CO2e, including Scope 1 emissions of 3.2 billion kg CO2e, Scope 2 market-based emissions of 30 million kg CO2e, and Scope 3 emissions of 22.7 billion kg CO2e.
Vattenfall has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi) through Vattenfall AB. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2040.
Near-term targets include:
Long-term targets, also from a 2017 base year, include:
These targets for Scope 1 and 2 are consistent with reductions required to limit global warming to 1.5°C.
2040
95.4% reduction in scope 3 total
Vattenfall also commits to reduce scope 1 and 3 GHG emissions from all sold electricity 95.4% per kWh by 2040 from a 2017 base year.* *The…
2040
91.7% reduction in Scope 1
Vattenfall commits to reduce scope 1 and 2 GHG emissions 91.7% per kWh by 2040 from a 2017 base year.* *The target boundary includes land-…
2040
91.7% reduction in Scope 2
Vattenfall commits to reduce scope 1 and 2 GHG emissions 91.7% per kWh by 2040 from a 2017 base year.* *The target boundary includes land-…
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Common questions about Vattenfall’s sustainability data and climate commitments
Data year: 2025
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