Vena Energy Sustainability Profile
Vena Energy, a leading renewable energy company headquartered in Singapore, is at the forefront of the clean energy transition across the Asia-Pacific region. Founded in 2017, the company has rapidly established itself as a key player in the solar and wind energy sectors, focusing on the development, construction, and operation of sustainable energy projects. With a diverse portfolio that includes utility-scale solar farms and wind power installations, Vena Energy is committed to delivering innovative solutions that meet the growing demand for renewable energy. The company’s unique approach combines advanced technology with local expertise, ensuring efficient project execution and long-term sustainability. Recognised for its significant contributions to the renewable energy landscape, Vena Energy continues to expand its operations, reinforcing its position as a trusted partner in the global shift towards a greener future.
DitchCarbon Score
How does Vena Energy'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
Vena Energy's score of 39 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vena Energy's reported carbon emissions
In 2023, Vena Energy reported total carbon emissions of approximately 158,154,000 kg CO2e. This figure includes Scope 1 emissions of about 610,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 21,515,000 kg CO2e from purchased electricity. The company also disclosed significant Scope 3 emissions, totalling around 136,029,000 kg CO2e. Comparatively, in 2022, Vena Energy's total emissions were about 520,796,000 kg CO2e, with Scope 1 emissions at 720,000 kg CO2e, Scope 2 emissions at 24,870,000 kg CO2e, and Scope 3 emissions reaching approximately 495,206,000 kg CO2e. This indicates a substantial reduction in total emissions from 2022 to 2023. Vena Energy has set a carbon intensity target for Scope 1 and 2 emissions of 1,800 kg CO2e per MWh, as outlined in their sustainability reports. However, there are currently no specific science-based targets (SBTi) or documented reduction initiatives available, indicating a potential area for future commitment. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Vena Energy PTE Ltd. The company continues to focus on its climate commitments and aims to enhance its sustainability practices in the renewable energy sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 850,000 | 000,000 | 000,000 |
| Scope 2 | 12,715,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 596,509,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Vena Energy's Industry?
How Carbon Intensive is Vena Energy's Location?
Vena Energy'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.
Vena Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
