Energy of Minas Gerais Co

Common Name
Energy of Minas Gerais
Country
Brazil
Sector
Utilities
Industry
Utilities - Diversified
Employees
5,028
Ticker
CMIG4
Exchange
B3 S.A.
Description
Companhia Energética de Minas Gerais Preferred Stock represents shares in one of Brazil's leading integrated energy companies. With a focus on electricity generation, transmission, and distribution, t...

Energy of Minas Gerais's GHG Emissions Data Preview

In 2024, Energy of Minas Gerais completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Energy of Minas Gerais has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Energy of Minas Gerais's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Energy of Minas Gerais amounted to 419,035.06 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Energy of Minas Gerais increased by 28.48%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Energy of Minas Gerais's Scope 1 Emissions Over Time

2018201920202021202220232024025 k50 k75 k100 ktCO2e+46%-78%+49%+389%-75%+108%
  • Total Scope 1
  • Year-over-Year Change

What are Energy of Minas Gerais's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Energy of Minas Gerais were 42,860.81 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Energy of Minas Gerais reduced its Scope 1 emissions over time?

Since 2018, Energy of Minas Gerais's Scope 1 emissions have increased by 20.5%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Energy of Minas Gerais's Scope 1 emissions increased by 107.75%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Energy of Minas Gerais's Scope 2 emissions?

In 2024, Energy of Minas Gerais reported Scope 2 greenhouse gas (GHG) emissions of 376,174.25 tCOâ‚‚e using the location-based method.

Has Energy of Minas Gerais reduced its Scope 2 emissions over time?

Since 2018, Energy of Minas Gerais's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 27.42%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2023), Energy of Minas Gerais's Scope 2 emissions (Location-Based) rose by 23.13% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Energy of Minas Gerais use for Scope 2 reporting?

In 2024, Energy of Minas Gerais reported its Scope 2 emissions using the location-based method.

Energy of Minas Gerais's Scope 2 Emissions Over Time

20182019202020212022202320240250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based

Insights into Energy of Minas Gerais's Value Chain Emissions

In 2024, Energy of Minas Gerais reported 5,911,209.35 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Energy of Minas Gerais includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Energy of Minas Gerais's Scope 3 Emissions Over Time

201820192020202120222023202402.5 M5 M7.5 M10 MtCO2e-16%+44%+6%-40%-13%+16%
  • Total Scope 3
  • Year-over-Year Change

What are Energy of Minas Gerais's Scope 3 emissions?

In 2024, Energy of Minas Gerais reported total Scope 3 emissions of 5,911,209.35 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 69.33% of these emissions originated from upstream activities such as purchased goods and capital goods, while 30.67% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Energy of Minas Gerais reduced its Scope 3 emissions over time?

Since 2018, Energy of Minas Gerais's Scope 3 emissions have decreased by 22.67%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Energy of Minas Gerais's Scope 3 emissions increased by 15.77%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Energy of Minas Gerais disclose?

In 2024, Energy of Minas Gerais reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Energy of Minas Gerais's Scope 3 emissions?

In 2024, the largest contributors to Energy of Minas Gerais's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 3,726,220.68 tCOâ‚‚e (63.04%)
  • Use of Sold Products (Cat. 11): 1,794,275.37 tCOâ‚‚e (30.35%)
  • Capital Goods (Cat. 2): 297,359.75 tCOâ‚‚e (5.03%)

Energy of Minas Gerais's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(63.0%)Capital Goods(Cat. 2)(5.0%)Use of Sold Products(Cat. 11)(30.4%)

Insights into Energy of Minas Gerais's Total Carbon Footprint

In 2024, Energy of Minas Gerais reported a total carbon footprint of 6,330,244.41 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.53% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Energy of Minas Gerais's total carbon footprint was Scope 3 emissions, accounting for 93.38% of the company's total carbon footprint, followed by Scope 2 emissions at 5.94%.

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