Elsewedy Electric

Elsewedy Electric, an Electricity nec company headquartered in Egypt, reported its latest carbon emissions for 2024. The company's total emissions for that year were approximately 19.14 billion kg CO2e. This included Scope 1 emissions of approximately 36.22 million kg CO2e, Scope 2 emissions of approximately 131.37 million kg CO2e, and Scope 3 emissions of approximately 22.77 billion kg CO2e.

Looking back, in 2023, Elsewedy Electric's total emissions were approximately 3.25 billion kg CO2e, comprising around 39 million kg CO2e in Scope 1, 135 million kg CO2e in Scope 2, and 3.07 billion kg CO2e in Scope 3. For 2022, the company's total emissions were approximately 2.5 billion kg CO2e, with Scope 1 emissions at around 38 million kg CO2e, Scope 2 at approximately 111 million kg CO2e, and Scope 3 at approximately 2.35 billion kg CO2e.

Elsewedy Electric has set ambitious climate commitments, aiming for net-zero emissions by 2050 across all scopes, with a specific focus on achieving net-zero emissions from its entire supply chain by the same year. The company also has a near-term target to reduce Scope 1 and 2 emissions by 30% by 2030, using 2023 as the base year. Furthermore, it aims for a 33.6% reduction in Scope 1 and 2 greenhouse gas emissions by 2025, using 2017 as a base year. As of 2022, the company reported a 7.3% reduction in Scope 1 and 2 emissions compared to its 2017 baseline, indicating progress towards its 2025 target. Elsewedy Electric has also committed to the Science Based Targets initiative (SBTi) for near-term targets.