Absa Group Ltd
Absa Group Energy Data Preview
In 2023, Absa Group disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Absa Group disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Absa Group also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate Absa Group's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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Insights into Absa Group's Energy Renewability
In 2023, Absa Group consumed a total of 801,251.2 Gigajoules of energy across its operations. Of this total, 1.78% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 98.22% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Absa Group's Energy Renewability Rate
How much of Absa Group's energy consumed is renewable?
In 2023, Absa Group consumed a total of 801,251.2 Gigajoules of energy, of which 1.78% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Absa Group has considerable room to improve its energy sustainability strategy.
Are Absa Group's energy practices becoming more sustainable?
Since 2018, Absa Group's total energy consumption decreased by 31.12%, yet rose by 3.06% in 2023, pointing to a potential reversal in recent energy-saving progress.
Over the same period, the share of renewable energy in Absa Group's consumption increased by 188.11%, including a 109.53% increase in 2023, showing consistent progress in clean energy adoption.
Overall, Absa Group’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.
Absa Group's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Absa Group's Energy Consumption & Production Mix
In 2023, Absa Group disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Absa Group's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Absa Group's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Absa Group's energy consumption?
In 2023, Absa Group's total energy consumption was primarily sourced from
- Electricity (Unspecified Source) (62.36%)
- Diesel (19.51%)
- Other Gaseous Fuel (16.35%)
How diverse is Absa Group’s energy consumption mix?
In 2023, Absa Group consumed energy from 5 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.