Neoenergia Sustainability Profile
Neoenergia, officially known as Neoenergia S.A., is a prominent player in the Brazilian energy sector, headquartered in Brazil. Founded in 1997, the company has established itself as a leader in the generation, distribution, and commercialisation of electricity, primarily operating in key regions such as São Paulo, Bahia, and Pernambuco. With a strong commitment to sustainability, Neoenergia focuses on renewable energy sources, including wind and solar power, setting it apart in a competitive market. The company has achieved significant milestones, including the expansion of its renewable energy portfolio, which underscores its dedication to innovation and environmental responsibility. Recognised for its robust market position, Neoenergia has received accolades for its efforts in promoting energy efficiency and social responsibility, making it a trusted name in the Brazilian energy landscape.
DitchCarbon Score
How does Neoenergia'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 Electrical Machinery Manufacturing 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
Neoenergia's score of 67 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Neoenergia's reported carbon emissions
In 2024, Neoenergia reported total carbon emissions of approximately 2,348,000,000 kg CO2e, with emissions distributed across various scopes: 108,284,000 kg CO2e (Scope 1), 415,898,000 kg CO2e (Scope 2), and 2,023,488,000 kg CO2e (Scope 3). The Scope 3 emissions include significant contributions from purchased goods and services (937,802,000 kg CO2e) and fuel and energy-related activities (361,057,000 kg CO2e). Comparatively, in 2023, Neoenergia's emissions were about 1,678,035,000 kg CO2e, with Scope 1 at 104,025,000 kg CO2e, Scope 2 at 208,392,000 kg CO2e, and Scope 3 at 1,677,035,000 kg CO2e. This indicates a notable increase in emissions from 2023 to 2024. Neoenergia has committed to achieving net-zero emissions by 2050, with targets set through the Science Based Targets initiative (SBTi). The company is currently classified as "Committed" to these targets, which encompass all scopes of emissions. This commitment reflects a long-term strategy to address climate change and reduce their carbon footprint. The emissions data is cascaded from Neoenergia S.A., which is a current subsidiary of Iberdrola, S.A. This relationship may influence their climate strategies and reporting practices.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 84,570,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 331,650,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,372,262,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Neoenergia's Industry?
How Carbon Intensive is Neoenergia's Location?
Neoenergia's Scope 3 Categories Breakdown
Neoenergia's Scope 3 emissions, which increased by 21% last year and increased by approximately 47% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 46% of Scope 3 emissions.
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Neoenergia's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Neoenergia has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Rheinisch Westfalisches Elektrizitatswerk
Frequently Asked Questions
Common questions about Neoenergia's sustainability data and climate commitments