Ignitis
Ignitis Group, headquartered in Lithuania (LT), is a prominent player in the energy sector, specialising in electricity and gas distribution, renewable energy, and energy services. Founded in 2016, the company has rapidly established itself as a leader in the Baltic region, focusing on sustainable energy solutions and innovative technologies. With a commitment to green energy, Ignitis offers a range of unique products and services, including smart energy management systems and renewable energy generation. The company has achieved significant milestones, such as expanding its operational footprint across Lithuania and into neighbouring countries, reinforcing its market position as a forward-thinking energy provider. Ignitis Group continues to drive the transition towards a sustainable energy future, making it a key contributor to the region's energy landscape.
DitchCarbon Score
How does Ignitis'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.
Industry Average
Mean score of companies in the Electricity from Other Sources 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.
Industry Benchmark
Ignitis's score of 61 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ignitis's reported carbon emissions
In 2024, Ignitis reported total carbon emissions of approximately 22,070,000 kg CO2e, comprising 130,000 kg CO2e from Scope 1, 1,540,000 kg CO2e from Scope 2, and a significant 20,400,000 kg CO2e from Scope 3 emissions. This marked an increase from 2023, where total emissions were about 12,630,000 kg CO2e, with Scope 1 at 70,000 kg CO2e, Scope 2 at 570,000 kg CO2e, and Scope 3 at 11,990,000 kg CO2e. Ignitis has set ambitious climate commitments, aiming for net-zero emissions by 2040-2050, in line with the Science Based Targets initiative (SBTi). They have committed to reducing Scope 1 GHG emissions from electricity and heat generation by 94% per MWh by 2030, based on a 2020 baseline. Additionally, they plan to cut Scope 1 and 3 emissions from all sold electricity and heat by 90% within the same timeframe. In the near term, Ignitis aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, while also targeting a 42% reduction in Scope 3 emissions from the use of sold products. These targets reflect Ignitis's commitment to align with global climate goals and contribute to a sustainable energy future.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 236,075,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000 | 000,000 |
| Scope 2 | 381,774,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 7,424,459,000 | - | - | 0,000,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Ignitis is participating in some of the initiatives that 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.
