Vattenfall Sustainability Profile
Vattenfall AB, a leading energy company headquartered in Sweden (SE), is renowned for its commitment to sustainable energy solutions. Founded in 1909, Vattenfall has evolved into one of Europe's largest producers and retailers of electricity and heat, with significant operations across Sweden, Germany, the Netherlands, and Denmark. The company focuses on renewable energy, including wind, solar, and hydroelectric power, alongside traditional energy sources. Vattenfall's unique approach to integrating sustainability into its core operations has positioned it as a frontrunner in the energy transition. With notable achievements in reducing carbon emissions and a strong market presence, Vattenfall continues to innovate in the energy sector, striving to provide reliable and environmentally friendly energy solutions for a sustainable future.
DitchCarbon Score
How does Vattenfall'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 Transmission 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
Vattenfall's score of 84 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vattenfall's reported carbon emissions
In 2023, Vattenfall reported total carbon emissions of approximately 41.8 billion kg CO2e, with Scope 1 emissions at about 7.9 billion kg CO2e, Scope 2 emissions at approximately 0.1 billion kg CO2e, and Scope 3 emissions reaching about 15 billion kg CO2e. The total emissions for 2024 were approximately 32.9 billion kg CO2e, with Scope 1 at about 3.3 billion kg CO2e, Scope 2 at 0.03 billion kg CO2e, and Scope 3 at approximately 21.3 billion kg CO2e. Vattenfall has set ambitious climate commitments, aiming for net zero emissions across its full value chain by 2040. This includes a target to reduce Scope 1 and 2 emissions intensity by 77% from 153 gCO2e/kWh to 35 gCO2e/kWh by 2030. Additionally, the company aims to achieve a 45% reduction in upstream emissions by 2022 compared to 2017 levels. These commitments reflect Vattenfall's dedication to addressing its climate impact and transitioning towards a sustainable energy future. The emissions data and reduction targets are sourced directly from Vattenfall AB, with no cascading from a parent organization.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 86,700,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Vattenfall's Industry?
How Carbon Intensive is Vattenfall's Location?
Vattenfall's Scope 3 Categories Breakdown
Vattenfall's Scope 3 emissions, which increased by 42% last year and increased by approximately 7% since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 50% of Scope 3 emissions.
Top Scope 3 Categories
Vattenfall'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.
Vattenfall 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.
