Verbund Sustainability Profile
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 54 is higher than 75% 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 2024, Verbund reported total carbon emissions of approximately 2,495,000 kg CO2e, with emissions distributed across various scopes: 495,000 kg CO2e (Scope 1), 1,000,000 kg CO2e (Scope 2), and 1,000,000 kg CO2e (Scope 3). This data reflects a consistent emission level compared to 2023, where the same total emissions were recorded. 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 significant 65% reduction in overall emissions by 2030, also based on 1990 levels. Long-term goals include an 88% reduction in greenhouse gases by 2040, reinforcing their commitment to climate neutrality. The company’s emissions data is sourced directly from VERBUND AG, with no cascaded data from parent organizations. Verbund's initiatives align with industry standards, demonstrating a proactive approach to mitigating climate impact and enhancing sustainability in their operations.
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| 2005 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,800,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000 | 000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Verbund's Industry?
How Carbon Intensive is Verbund's Location?
Verbund's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Verbund has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
