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Climate Action: Our commitment to a net-zero future
We recognize the urgent need to address the global climate crisis. As the largest producer of renewable energy in Europe, we are uniquely positioned to lead the transition to a cleaner, greener, and more sustainable future. Our mission is clear: to develop a net-zero value chain and limit global warming to 1.5°C in line with the Paris Agreement.
Overall picture and general status at Statkraft
Statkraft is Europe's largest renewable energy producer, with 97% renewable energy production.
We rank third in the industry for low GHG emissions intensity (g CO2e/kWh). In 2023, 95% of our direct GHG emissions (scope 1) came from gas-fired power plants in Germany, with the rest from district heating (~4%), SF6 gas, and fuel use. Indirect GHG emissions (scope 3) mainly stem from construction projects (~50%), gas-fired plants (~38%), and operations and maintenance (~12%).
Gas-fired power production and emissions vary with market conditions. During the transition to 100% renewable energy, gas-fired plants provide flexibility to balance intermittent solar and wind power.
We regularly assess climate-related physical and transition risks at the asset level and implement mitigation measures. All our electricity consumption is backed by Guarantees of Origin, and we offset direct emissions outside the EU Emission Trading System.
Key targets
Additional key priorities and actions going forward
- Updated requirements and guidelines, including climate & circularity tools, will be made available by the end of 2025
- Assess possibilities for including science-based climate targets as part of evaluation of suppliers by the end of 2025
- By mid-2025, review our current approach to carbon offsets and removals and recommend improvements
- Develop guidelines and best practice for offices and sites guiding reduction of energy consumption by the end of 2025
- By the end of 2025, develop a company-wide strategy for phasing out the use of SF6 gas
- Investigate options within travel system for facilitating GHG emissions reductions related to business travel, and by 2026 set GHG emissions reduction targets per capita
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Our sustainability strategy
Sustainability is at the core of our mission to renew the way the world is powered. Our sustainability strategy is an integral part of our corporate strategy and sets the direction for how we will con...
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