Instagrid

Instagrid, a German-headquartered company in the electrical machinery and apparatus industry, reported its most recent carbon emissions for 2024. In 2024, Instagrid's total Scope 1 emissions were 1,800 kg CO2e, Scope 2 emissions (market-based) were 93,000 kg CO2e, and Scope 3 emissions were approximately 30,197,000 kg CO2e. For the prior year, 2023, the company reported Scope 1 emissions of 900 kg CO2e, Scope 2 emissions (market-based) of 149,000 kg CO2e, and Scope 3 emissions of approximately 18,826,000 kg CO2e. In 2022, Instagrid's Scope 1 emissions were 3,600 kg CO2e, Scope 2 emissions (market-based) were 22,000 kg CO2e, and Scope 3 emissions were approximately 10,572,000 kg CO2e.

Instagrid has committed to ambitious climate targets validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050.

For its near-term targets, Instagrid commits to reducing absolute Scope 1 and 2 GHG emissions by 90.0% by 2030, from a 2022 base year. Additionally, Instagrid plans to reduce its Scope 3 GHG emissions by 55.0% per EUR value added within the same timeframe.

Looking at long-term commitments, Instagrid will maintain a minimum 90.0% absolute Scope 1 and 2 GHG emissions reduction from 2030 through 2050, from a 2022 base year. The company also commits to reducing Scope 3 GHG emissions by 97.0% per EUR value added by 2050, from a 2022 base year. These targets, covering Scope 1 and 2, are consistent with reductions required to keep global warming to 1.5°C.