Scatec Solar ASA

Renewable Electricity
SCATC.OL
NOK 65 1.2
Share price
$ 0.97 bn
Market Cap
$ 3.3 bn
Enterprise Value

Carbon footprint

1.4 Ton
GHG emissions per $ 1 mln investment
0.04x the weighted average for S&P 500
FY2021
How is this calculated?
+28%
YOY change in GHG emissions
Weaker than the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Scatec Solar ASA's GHG emissions (market-based) (Kt of CO2e)
Scatec Solar ASA's Carbon intensity (Tons per 1 USDm)

Scatec Solar ASA's carbon footprint

Scatec Solar ASA reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 4.7 Kt (+1/+28% y-o-y). Carbon intensity also was up at 13 t (+1.2/+10% y-o-y).

Scatec Solar ASA's Scope 3 emissions increased to 25 Kt (+19/+322% y-o-y). The parameter has been fairly volatile.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Scatec Solar ASA also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Scatec ASA commits to reach net-zero greenhouse gas emissions across the value chain by 2040 from a 2019 base year. Near-Term Targets Scatec ASA commits to reduce absolute scope 1 GHG emissions 95% by 2030 from a 2019 base year. Scatec ASA commits to increase annual sourcing of renewable electricity from 0% in 2019 to 100% by 2030. Scatec ASA commits to reduce scope 3 GHG emissions 55% per kWh by 2030 from a 2019 base year. Long-Term Targets Scatec ASA commits to maintain at least 99% absolute scope 1 and 2 GHG emissions reductions from 2030 through 2040. Scatec ASA commits to reduce scope 3 GHG emissions 97% per kWh by 2040 from a 2019 base year.

Company environmental metrics

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