Verbund AG

Common Name
Verbund
Country
Austria
Sector
Utilities
Industry
Utilities - Renewable
Employees
4,314
Ticker
VER
Exchange
WIENER BOERSE AG AMTLICHER HANDEL
Description
Verbund AG is an Austria-based electric utility company renowned for its extensive involvement in energy production, particularly within the hydropower sector. As one of Europe's leading producers of ...

Verbund's GHG Emissions Data Preview

In 2023, Verbund 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).

Verbund has also provided a category-level breakdown for 5 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
Market-Based
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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 Verbund's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Verbund amounted to 522,000 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 2022, the total operational greenhouse gas (GHG) emissions of Verbund decreased by 35.79%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Verbund's Scope 1 Emissions Over Time

2018201920202021202220230300 k600 k900 k1.2 MtCO2e0%-39%-31%+29%-50%
  • Total Scope 1
  • Year-over-Year Change

What are Verbund's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Verbund were 292,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Verbund reduced its Scope 1 emissions over time?

Since 2018, Verbund's Scope 1 emissions have decreased by 72.71%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Verbund's Scope 1 emissions decreased by 50.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Verbund's Scope 2 emissions?

In 2023, Verbund reported Scope 2 greenhouse gas (GHG) emissions of 258,000 tCOâ‚‚e using the market-based method and 230,000 tCOâ‚‚e using the location-based method.

Has Verbund reduced its Scope 2 emissions over time?

Since 2018, Verbund's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 44.04%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Verbund's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Verbund 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Verbund use for Scope 2 reporting?

In 2023, Verbund reported its Scope 2 emissions using the market-based method and using the location-based method.

Verbund's Scope 2 Emissions Over Time

2018201920202021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Verbund's Value Chain Emissions

In 2023, Verbund reported 4,353,000 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 2023 disclosure of Verbund includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Verbund's Scope 3 Emissions Over Time

20182019202020212022202301.5 M3 M4.5 M6 MtCO2e-39%+2080%-9%+32%-17%
  • Total Scope 3
  • Year-over-Year Change

What are Verbund's Scope 3 emissions?

In 2023, Verbund reported total Scope 3 emissions of 4,353,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 95.66% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.34% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Verbund reduced its Scope 3 emissions over time?

Since 2018, Verbund's Scope 3 emissions have increased by 1,231.19%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Verbund's Scope 3 emissions decreased by 16.74%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Verbund disclose?

In 2023, Verbund reported emissions for 5 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 Verbund's Scope 3 emissions?

In 2023, the largest contributors to Verbund's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 3,869,000 tCOâ‚‚e (88.86%)
  • Capital Goods (Cat. 2): 226,000 tCOâ‚‚e (5.19%)
  • Use of Sold Products (Cat. 11): 189,000 tCOâ‚‚e (4.34%)

Verbund's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(4.3%)Capital Goods(Cat. 2)(5.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(88.9%)

Insights into Verbund's Total Carbon Footprint

In 2023, Verbund reported a total carbon footprint of 4,875,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.3% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Verbund's total carbon footprint was Scope 3 emissions, accounting for 89.29% of the company's total carbon footprint, followed by Scope 1 emissions at 5.99%.

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