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 77% 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 5,000,000,000 kg CO2e, comprising 292,000,000 kg CO2e from Scope 1, 258,000,000 kg CO2e from Scope 2 (market-based), and a significant 4,353,000,000 kg CO2e from Scope 3 emissions. This represents a notable increase in emissions compared to 2022, where total emissions were about 5,228,000,000 kg CO2e, with Scope 1 at 585,000,000 kg CO2e, Scope 2 at 278,000,000 kg CO2e (market-based), and Scope 3 at 5,228,000,000 kg CO2e. Verbund has set ambitious climate commitments, aiming for a 16% reduction in Scope 1 emissions by 2030, using 2015 as a baseline. Additionally, they target a substantial 65% reduction in overall emissions by 2030, relative to 1990 levels. Long-term goals include an 88% reduction in greenhouse gases by 2040 and a commitment to achieving climate neutrality by 2045, aligning with Germany's federal climate objectives. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Verbund AG. The company actively discloses its emissions across all scopes, demonstrating transparency in its climate impact and commitment to sustainability.
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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.
