Verbund
Verbund AG, commonly referred to as Verbund, is a leading Austrian energy company headquartered in Vienna, Austria. Established in 1947, Verbund has grown to become a key player in the European energy sector, primarily focusing on hydropower generation, electricity supply, and renewable energy solutions. With a strong operational presence in Austria and Germany, the company harnesses its extensive portfolio of hydroelectric plants to deliver sustainable energy. Verbund is renowned for its commitment to environmental sustainability, offering innovative products and services that cater to the evolving energy market. The company has achieved significant milestones, including the expansion of its renewable energy capacity and the implementation of cutting-edge technologies. As a market leader, Verbund continues to drive the transition towards a greener energy future, solidifying its position as a trusted provider in the industry.
DitchCarbon Score
How does Verbund'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 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
Verbund's score of 67 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Verbund's reported carbon emissions
In 2023, Verbund reported total carbon emissions of approximately 4,353,000,000 kg CO2e, comprising Scope 1 emissions of about 292,000,000 kg CO2e, Scope 2 emissions of approximately 258,000,000 kg CO2e (market-based), and Scope 3 emissions of around 4,353,000,000 kg CO2e. This reflects a commitment to transparency in their emissions reporting. Verbund's emissions have shown a trend of reduction over recent years. For instance, in 2022, their total emissions were about 5,228,000,000 kg CO2e, indicating a decrease in emissions in 2023. The company has also reported specific Scope 1 emissions of 0.008 kg CO2e per kWh of electricity generated in 2023, showcasing their efforts to improve efficiency. Despite the absence of formal reduction targets or climate pledges, Verbund's ongoing initiatives suggest a focus on minimising their carbon footprint and enhancing sustainability practices. The company operates within the energy sector, where transitioning to low-carbon technologies is critical for addressing climate change. Verbund's commitment to reducing emissions aligns with industry standards and reflects a proactive approach to climate responsibility.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 454,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 255,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,947,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Verbund is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
