Public Profile

Vena Energy

Vena Energy, a leading renewable energy company headquartered in Singapore, is at the forefront of the clean energy transition across the Asia-Pacific region. Founded in 2017, the company has rapidly established itself as a key player in the solar and wind energy sectors, focusing on the development, construction, and operation of sustainable energy projects. With a diverse portfolio that includes utility-scale solar farms and wind power installations, Vena Energy is committed to delivering innovative solutions that meet the growing demand for renewable energy. The company’s unique approach combines advanced technology with local expertise, ensuring efficient project execution and long-term sustainability. Recognised for its significant contributions to the renewable energy landscape, Vena Energy continues to expand its operations, reinforcing its position as a trusted partner in the global shift towards a greener future.

DitchCarbon Score

How does Vena Energy'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.

24

Industry Average

Mean score of companies in the Electricity from Other Sources 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.

16

Industry Benchmark

Vena Energy's score of 24 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.

52%

Vena Energy's reported carbon emissions

In 2023, Vena Energy reported total carbon emissions of approximately 136,029,000 kg CO2e, with emissions distributed across various scopes: 610,000 kg CO2e from Scope 1, 21,515,000 kg CO2e from Scope 2, and 113,904,000 kg CO2e from Scope 3. This represents a significant reduction from 2022, where total emissions were about 520,796,000 kg CO2e, including 720,000 kg CO2e from Scope 1, 24,870,000 kg CO2e from Scope 2, and 495,206,000 kg CO2e from Scope 3. Vena Energy has set ambitious carbon intensity targets, aiming to reduce its Scope 1 and 2 carbon intensity to 1,800 kg CO2e per MWh by 2025, down from 2,400 kg CO2e per MWh in previous years. However, there are currently no documented reduction targets or climate pledges under the Science Based Targets initiative (SBTi). Overall, Vena Energy's commitment to reducing its carbon footprint is evident through its ongoing efforts to lower emissions across all scopes, particularly in Scope 3, which constitutes the majority of its emissions.

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Add to project
202120222023
Scope 1
850,000
000,000
000,000
Scope 2
12,715,000
00,000,000
00,000,000
Scope 3
596,509,000
000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Vena Energy's primary industry is Electricity nec, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Vena Energy is headquartered in SG, which has a rank of low, indicating low grid carbon 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.

Vena Energy is not committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers