World Energy, headquartered in the United States, is a leading player in the renewable energy sector, specialising in sustainable biofuels and advanced energy solutions. Founded in 1998, the company has made significant strides in transforming the energy landscape, with major operations across North America and Europe. With a focus on producing low-carbon fuels, World Energy offers unique products that cater to the growing demand for cleaner energy alternatives. Their innovative approach to biofuel production sets them apart, positioning them as a key contributor to the global transition towards sustainable energy sources. Recognised for their commitment to environmental stewardship, World Energy has achieved notable milestones, including partnerships with major corporations to reduce carbon footprints. As a pioneer in the renewable energy industry, World Energy continues to lead the charge in creating a more sustainable future.
How does World 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.
Mean score of companies in the Chemicals 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.
World Energy's score of 13 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2021, World Energy, headquartered in the United States, committed to significant climate action by setting a target to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2021 as the baseline year. This commitment aligns with the Science Based Targets initiative (SBTi) and is designed to support efforts to limit global warming to 1.5°C. While specific emissions data for the most recent years is not provided, the company has been actively working on its carbon intensity metrics. For instance, in 2022, the carbon intensity of electricity generation was reported at 0.436 kg CO2e per kWh, indicating a focus on improving energy efficiency and reducing emissions associated with electricity use. World Energy's initiatives also include measuring and addressing Scope 3 emissions, which encompass indirect emissions from the value chain. This comprehensive approach reflects the company's commitment to sustainability and its role in the broader energy sector's transition towards lower carbon solutions.
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.
World Energy is committed to some reduction initiatives 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.