AFP

AFP, an electricity generation company based in the US, is committed to significant emissions reductions. While specific absolute emissions data for AFP is not provided, the company has established a clear net-zero target by 2040. This ambitious goal focuses on achieving production operations entirely powered by renewable energy.

AFP's climate strategy is designed to prioritise direct emission reductions without relying solely on offsets. The primary metric for this target is the full transition to renewable energy for production in Austria by 2040, with plans to extend this to other facilities within the next one to two years. This initiative specifically addresses emissions from energy consumption, including electricity and heating. It is important to note that fuels consumed by vehicle fleets and fugitive emissions are currently excluded from this particular target.

The company calculates its Scope 1 and Scope 2 greenhouse gas emissions using both market- and location-based methodologies in accordance with the Greenhouse Gas Protocol. AFP's greenhouse gas inventory encompasses all entities under its financial control, as consolidated under IFRS group accounting principles, with emissions accounted for at 100%. The baseline year for measuring progress towards its net-zero goal is 2015, with a corresponding baseline value of approximately 27,305 tonnes of CO2 emissions.

In addition to its net-zero commitment, AFP has reported a significant reduction in emissions. In 2022, the company achieved a 56% reduction in both Scope 1 and Scope 2 emissions compared to its 2019 baseline year. This reduction was attributed to operational changes implemented during the pandemic.