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 carbon emissions of approximately 1.84 billion kg CO2e, comprising 17,619,000 kg CO2e from Scope 1, 1,756,644,000 kg CO2e from Scope 2, and 69,330,000 kg CO2e from Scope 3. This represents a significant commitment to reducing greenhouse gas emissions, with targets set to achieve a 25% reduction in Scope 1 emissions by 2025 compared to 2019 levels, and a 50% reduction by 2030. Additionally, Statnett aims for net-zero emissions across its value chain by 2050. In 2023, the company reported total emissions of approximately 1.64 billion kg CO2e, with Scope 1 emissions at 10,000,000 kg CO2e, Scope 2 emissions at 1,516,423,000 kg CO2e, and Scope 3 emissions at 109,262,000 kg CO2e. The 2022 emissions were approximately 1.19 billion kg CO2e globally, with Scope 1 at 12,712,000 kg CO2e, Scope 2 at 1,102,534,000 kg CO2e, and Scope 3 at 73,130,000 kg CO2e. Statnett's climate strategy includes a commitment to reduce Scope 2 emissions by 24% from 2023 to 2024 and a 73% reduction in Scope 1 emissions over the same period. The company is also focused on eliminating SF6 emissions by 2050, further demonstrating its dedication to sustainability and 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 |
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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