Ignitis Grupe AB

Common Name
Ignitis Grupe
Country
Lithuania
Sector
Utilities
Industry
Utilities - Diversified
Employees
4,728
Ticker
IGN1L
Exchange
AB NASDAQ VILNIUS
Description
AB Ignitis Grupe is a diversified energy company based in Lithuania, focusing on electricity and gas supply, as well as power generation. As a leading energy entity in the Baltic region, its primary p...

Ignitis Grupe's Climate Target Data Preview

As of 2024, Ignitis Grupe has disclosed 7 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 3 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Ignitis Grupe ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2027
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities
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2027
Intensity-based Target*
Scope 1 - Stationary Combustion, Scope 1 - Other/Unspecified Sources
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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2030
Intensity-based Target*
Scope 1 - Stationary Combustion, Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Sold
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets 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 Ignitis Grupe's Greenhouse Gas Emissions Pathways

As of 2024, Ignitis Grupe has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does Ignitis Grupe have a target to reduce the emissions from its operations?

As of 2024, Ignitis Grupe has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Ignitis Grupe's most ambitious operational target is to reduce these emissions by 94% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2020.

Instead of reducing operational emissions, Ignitis Grupe has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target.

Ignitis Grupe's Operational (Scope 1+2) Emissions Pathway

20202024203000000BaselineCurrent (+19%)Target 2030 (-94%)

Does Ignitis Grupe have a target to reduce the emissions from its value chain?

As of 2024, Ignitis Grupe has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Ignitis Grupe's most ambitious value chain target is to reduce these emissions by 25% by 2030, compared to a baseline of 2,080,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020.

Ignitis Grupe has already surpassed its value chain emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule.

Ignitis Grupe's Value Chain (Scope 3) Emissions Pathway

2020202420300550 k1.1 M1.65 M2.2 MBaselineCurrent (-41%)Target 2030 (-25%)
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