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.
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.
Industry Benchmark
Vena Energy's score of 30 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vena Energy's reported carbon emissions
In 2023, Vena Energy reported total carbon emissions of approximately 158,154,000 kg CO2e, comprising 610,000 kg CO2e from Scope 1 emissions and 21,515,000 kg CO2e from Scope 2 emissions. The company has demonstrated a commitment to reducing its carbon intensity, setting a target of 1,800 kg CO2e per MWh for Scope 1 and 2 emissions. Looking back to 2022, Vena Energy's total emissions were about 520,796,000 kg CO2e, with Scope 1 emissions at 720,000 kg CO2e, Scope 2 emissions at 24,870,000 kg CO2e, and significant Scope 3 emissions of approximately 495,206,000 kg CO2e. This indicates a substantial reliance on upstream activities, particularly in capital goods, which accounted for 467,741,000 kg CO2e. In 2021, the company reported total emissions of around 610,074,000 kg CO2e, with Scope 1 emissions of 850,000 kg CO2e and Scope 2 emissions of 12,715,000 kg CO2e, alongside Scope 3 emissions of approximately 596,509,000 kg CO2e. Despite these figures, Vena Energy has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The emissions data is sourced directly from Vena Energy PTE Ltd., with no cascaded data from a parent or related organization.
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| 2021 | 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 | - |
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 not participating in any of the initiatives that 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.
