Verbund
Verbund AG, commonly referred to as Verbund, is a leading Austrian energy company headquartered in Vienna, Austria. Established in 1947, Verbund has grown to become a key player in the European energy sector, primarily focusing on hydropower generation, electricity supply, and renewable energy solutions. With a strong operational presence in Austria and Germany, the company harnesses its extensive portfolio of hydroelectric plants to deliver sustainable energy. Verbund is renowned for its commitment to environmental sustainability, offering innovative products and services that cater to the evolving energy market. The company has achieved significant milestones, including the expansion of its renewable energy capacity and the implementation of cutting-edge technologies. As a market leader, Verbund continues to drive the transition towards a greener energy future, solidifying its position as a trusted provider in the industry.
DitchCarbon Score
How does Verbund'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
Verbund's score of 56 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Verbund's reported carbon emissions
In 2023, Verbund reported total carbon emissions of approximately 4,353,000,000 kg CO2e across all scopes. This includes 292,000,000 kg CO2e from Scope 1 emissions, 258,000,000 kg CO2e from market-based Scope 2 emissions, and a significant 4,353,000,000 kg CO2e from Scope 3 emissions, which primarily stem from fuel and energy-related activities. Verbund has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 16% by 2030, targeting a reduction from around 1,800,000,000 kg CO2e in 2015 to approximately 1,500,000,000 kg CO2e. Additionally, the company plans to decrease upstream GHG emissions from the sale of purchased electricity by 5% by 2030, aiming for around 3,500,000,000 kg CO2e compared to a 2020 baseline of approximately 3,700,000,000 kg CO2e. Long-term goals include an 88% reduction in greenhouse gas emissions by 2040, with a near-term target of cutting emissions by 65% by 2030 based on 1990 levels. Verbund's commitment to climate neutrality aligns with broader industry trends and governmental initiatives aimed at achieving significant reductions in carbon emissions.
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| 2017 | 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,260,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 340,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 400,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Verbund 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.
