Instagrid

Instagrid, a German-headquartered company in the electrical machinery and apparatus industry, reported its most recent emissions data for 2024. In 2024, Instagrid's total emissions were approximately 11,038,000 kg CO2e. This included 1,800 kg CO2e from Scope 1, approximately 93,000 kg CO2e from market-based Scope 2, and 30,197,000 kg CO2e from Scope 3 emissions. Key contributors to Scope 3 included purchased goods and services (8,611,000 kg CO2e), use of sold products (1,064,000 kg CO2e), and business travel (601,000 kg CO2e).

Looking back, Instagrid's total emissions were about 10,400,000 kg CO2e in 2023, with Scope 1 at 900 kg CO2e, market-based Scope 2 at 149,000 kg CO2e, and Scope 3 at 18,826,000 kg CO2e. In 2022, total emissions were approximately 6,149,000 kg CO2e, comprising 3,600 kg CO2e from Scope 1, 22,000 kg CO2e from market-based Scope 2, and 10,572,000 kg CO2e from Scope 3.

Instagrid has demonstrated its commitment to climate action by setting ambitious Science Based Targets initiative (SBTi) approved targets. As an SME, Instagrid GmbH commits to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2022 base year, consistent with the 1.5°C global warming limit. Additionally, Instagrid has a near-term target to reduce its absolute Scope 1 and Scope 2 GHG emissions by 90% by 2030 from a 2022 base year. The company also aims to reduce Scope 3 GHG emissions by 55% per EUR value added within the same timeframe (2022-2030).

For the long term, Instagrid commits to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. This includes maintaining a minimum 90% absolute Scope 1 and Scope 2 GHG emissions reduction from 2030 through 2050 from a 2022 base year, and reducing Scope 3 GHG emissions by 97% per EUR value added by 2050 from a 2022 base year.