Victoria Power Networks (Finance) Pty Ltd Sustainability Profile
Victoria Power Networks (Finance) Pty Ltd, commonly referred to as Victoria Power Networks, is a leading player in the Australian energy sector, headquartered in Melbourne, Australia. Established in 2005, the company has made significant strides in providing reliable electricity distribution services across Victoria, particularly in urban and regional areas. Specialising in the management and operation of electricity networks, Victoria Power Networks is committed to delivering innovative solutions that enhance energy efficiency and sustainability. Their core services include network management, asset maintenance, and customer support, all designed to ensure a seamless energy supply for residential and commercial clients. With a strong market position, Victoria Power Networks has been recognised for its commitment to safety and reliability, achieving numerous industry accolades. The company continues to play a pivotal role in shaping the future of energy distribution in Australia, focusing on smart grid technologies and renewable energy integration.
DitchCarbon Score
How does Victoria Power Networks (Finance) Pty Ltd'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 Financial Intermediation 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
Victoria Power Networks (Finance) Pty Ltd's score of 21 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Victoria Power Networks (Finance) Pty Ltd currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The company is a current subsidiary of Victoria Power Networks Pty Ltd, which may influence its climate commitments and performance metrics. As of now, there are no documented reduction targets or climate pledges from Victoria Power Networks (Finance) Pty Ltd. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the lack of direct emissions data, it is important to note that the company may inherit climate commitments and performance metrics from its parent organization, Victoria Power Networks Pty Ltd. This relationship could potentially provide a framework for future emissions reporting and sustainability initiatives. In summary, while Victoria Power Networks (Finance) Pty Ltd does not currently report specific emissions figures or reduction targets, its affiliation with Victoria Power Networks Pty Ltd may play a crucial role in shaping its future climate commitments and performance.
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| 2024 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 188,000,000 |
How Carbon Intensive is Victoria Power Networks (Finance) Pty Ltd's Industry?
How Carbon Intensive is Victoria Power Networks (Finance) Pty Ltd's Location?
Victoria Power Networks (Finance) Pty Ltd's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 37% of Scope 3 emissions.
Top Scope 3 Categories
Victoria Power Networks (Finance) Pty Ltd'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.
Victoria Power Networks (Finance) Pty Ltd 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.
