Statnett Sustainability Profile
Statnett SF, a leading transmission system operator, is headquartered in Norway and plays a pivotal role in the Nordic energy sector. Founded in 1992, Statnett is responsible for the development and operation of the national grid, ensuring a reliable supply of electricity across the country and into neighbouring regions. With a focus on renewable energy integration, Statnett's core services include grid management, system planning, and interconnection projects. The company is renowned for its innovative approach to enhancing grid stability and facilitating the transition to a sustainable energy future. Statnett's strategic initiatives have positioned it as a key player in the European energy market, contributing significantly to cross-border electricity trade and regional cooperation.
DitchCarbon Score
How does Statnett'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
Statnett's score of 75 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Statnett's reported carbon emissions
In 2024, Statnett reported total global emissions of approximately 1,843,593,000 kg CO2e, with emissions distributed across various scopes: 17,619,000 kg CO2e (Scope 1), 44,012,000 kg CO2e (Scope 2, location-based), and 69,330,000 kg CO2e (Scope 3). In Norway, their emissions for 2023 were about 208,429,000 kg CO2e, primarily from Scope 1 (10,000,000 kg CO2e) and significant Scope 3 contributions, including capital goods (120,700,000 kg CO2e) and investments (11,538,000 kg CO2e). Statnett has set ambitious climate commitments, aiming to reduce its greenhouse gas emissions by 50% by 2030 compared to 2019 levels. They also target a 25% reduction in their own emissions by 2025. Additionally, they plan to achieve net-zero emissions across their value chain by 2050, with specific goals to eliminate SF6 emissions from their facilities by the same year. In terms of immediate reduction initiatives, Statnett aims for a 73% reduction in Scope 1 emissions and a 24% reduction in Scope 2 emissions from 2023 to 2024. These targets reflect their commitment to sustainability and align with industry standards for climate action.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 16,522,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 253,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 7,086,000 | 0,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Statnett's Industry?
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Statnett's Scope 3 Categories Breakdown
Statnett's Scope 3 emissions, which decreased by 37% last year and increased by approximately 878% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 4% of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 37% of Scope 3 emissions.
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Statnett'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.
Statnett 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.
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Frequently Asked Questions
Common questions about Statnett's sustainability data and climate commitments