Cemig

Cemig, a Brazilian electricity transmission services provider, reported total emissions of approximately 6.33 billion kg CO2e in 2024. This figure comprises 42.86 million kg CO2e from Scope 1 emissions, 376.17 million kg CO2e from Scope 2 emissions, and 5.91 billion kg CO2e from Scope 3 emissions. In the prior year, 2023, Cemig's total emissions were about 5.43 billion kg CO2e.

Cemig has set ambitious climate commitments, with its targets validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2040.

Key reduction targets include:

• A near-term commitment to reduce absolute Scope 1 and 2 GHG emissions by 70.8% by 2030, using a 2021 base year.
• A long-term commitment to reduce absolute Scope 1 and 2 GHG emissions by 90.0% by 2040, also from a 2021 base year.
• For Scope 3 emissions, Cemig aims for a 42.0% absolute reduction in all remaining Scope 3 GHG emissions by 2030 (2021 base year), increasing to a 90.0% absolute reduction by 2040.
• Specifically for Scope 3 emissions from fuel and energy-related activities covering all sold electricity, Cemig commits to a 75.8% reduction per MWh by 2030, and a 92.4% reduction per MWh by 2040 (both from a 2021 base year).
• Additionally, Cemig targets a 42.0% absolute reduction in Scope 3 GHG emissions from the use of sold products for sold and distributed fossil fuels by 2030, and a 90.0% reduction by 2040 (both from a 2021 base year).

Cemig also has a commitment to offset 100% of Scope 1 emissions by 2026. The company’s climate targets are considered consistent with reductions required to keep global warming to 1.5°C.