Emera

Emera, a transmission services provider headquartered in Canada, has set ambitious climate goals. The company is working towards achieving net-zero CO2 emissions by 2050 across all scopes.

For the fiscal year 2025, Emera reported Scope 3 emissions of approximately 8.9 billion kg CO2e and Scope 1 and 2 emissions of approximately 1.4 billion kg CO2e.

In 2024, Emera's Scope 3 emissions were approximately 8.6 billion kg CO2e, with Scope 1 and 2 emissions totalling around 13.4 billion kg CO2e. This followed Scope 3 emissions of approximately 8.3 billion kg CO2e and Scope 1 and 2 emissions of approximately 13.3 billion kg CO2e in 2023.

Historically, in 2022, Emera reported Scope 3 emissions of approximately 8.8 billion kg CO2e and Scope 1 and 2 emissions of approximately 14.7 billion kg CO2e. Prior to this, in 2021, the company reported Scope 1 and 2 emissions of approximately 15.3 billion kg CO2e, with no Scope 3 data disclosed for that year. In 2020, Scope 1 and 2 emissions were approximately 15.3 billion kg CO2e.

Emera has set specific reduction targets:

• A 55% reduction in CO2 emissions by 2025, compared to 2005 levels, for Scope 1 and Scope 2.
• An 80% reduction in CO2 emissions by 2040, compared to 2005 levels, for Scope 1 and Scope 2.
• The retirement of its last coal unit no later than 2040.

These targets align with its overarching vision to achieve net-zero CO2 emissions by 2050. The company's reporting indicates it is tracking these emissions reductions against 2005 levels.