Vena Energy
Vena Energy, a leading renewable energy company, is headquartered in Singapore and operates extensively across Asia-Pacific, including countries like Australia, Japan, and India. Founded in 2017, the company has rapidly established itself in the renewable energy sector, focusing on solar and wind power generation. Vena Energy is recognised for its innovative approach to sustainable energy solutions, offering a diverse portfolio of projects that harness clean energy to meet growing demand. With a commitment to environmental stewardship, Vena Energy has achieved significant milestones, including the development of large-scale solar farms and wind projects that contribute to regional energy security. The company’s unique blend of expertise and local knowledge positions it as a key player in the transition to a low-carbon economy, making substantial strides in the renewable energy market.
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.
Industry Average
Mean score of companies in the Electricity Supply 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
Vena Energy's score of 39 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vena Energy's reported carbon emissions
In 2023, Vena Energy reported total carbon emissions of approximately 15.6 million tonnes CO2e. This figure includes 610,000 tonnes CO2e from Scope 1 emissions, which primarily arise from direct operations, and 21.5 million tonnes CO2e from Scope 2 emissions, related to purchased electricity. The majority of their emissions, about 136 million tonnes CO2e, fall under Scope 3, which encompasses indirect emissions from the value chain. Comparatively, in 2022, Vena Energy's total emissions were around 52.1 million tonnes CO2e, with Scope 1 emissions at 720,000 tonnes CO2e and Scope 2 emissions at 24.9 million tonnes CO2e. The Scope 3 emissions for that year were approximately 495.2 million tonnes CO2e. Vena Energy has set ambitious carbon intensity targets, aiming to reduce their Scope 1 and 2 carbon intensity to 1,800 tonnes CO2e per MWh by 2025, down from a target of 2,400 tonnes CO2e per MWh in 2022. This commitment reflects their ongoing efforts to enhance sustainability and reduce their overall carbon footprint. The company has not publicly disclosed specific reduction targets under the Science Based Targets initiative (SBTi) or other formal frameworks, but they continue to engage in various initiatives aimed at improving their environmental performance.
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Add to project2021 | 2022 | 2023 | |
|---|---|---|---|
| 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
Location emissions 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 committed to some 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.
