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Talayuela 2, Spain
Talayuela 2, Spain
Climate and resource use
Climate and resource use is a priority area in Statkraft’s sustainability strategy. Statkraft’s most important contribution to the climate is to decarbonise society through renewable energy, while reducing GHG emissions across its value chain.
Why it matters
Climate change is causing damage to ecosystems, human welfare and economic stability. Rapid deployment of wind and solar power is one of the fastest and most cost-effective ways to reduce global GHG emissions towards 2030.
Contributing to solving climate change is fundamental to Statkraft’s purpose. The company’s main contribution is to deliver renewable energy.
At the same time, Statkraft must manage its own climate footprint and reduce GHG emissions from its activities and value chain.
A large share of emissions comes from materials used in construction, especially steel and concrete. Improving how these materials are used, reused and recycled is part of the climate agenda.
We have a lifecycle-based approach that links emissions, materials, suppliers and asset management to reduce risk and improve efficiency over time.
What do scope 1, 2, and 3 emissions mean?
Scope 1, 2 and 3 are a way of categorising greenhouse gas (GHG) emissions based on where they occur and how much control a company has over them. They are defined by the GHG Protocol, which is the most widely used global standard for measuring and reporting emissions.
- For a company, scope 1 includes direct emissions from sources that the company owns or controls directly, for example emissions from a power plant.
- Scope 2 includes emissions that a company causes indirectly and is related to energy consumption, for example emissions caused when generating the electricity that is used in a building.
- Scope 3 includes all other indirect emissions, both upstream and downstream, in the company’s value chain, for example emissions related to producing and transporting materials like steel and cement.
Geitfjellet, Norway
Geitfjellet, Norway
GHG emissions
Our GHG emissions arise from both our own operations and activities across our value chain. Emissions intensity from power generation remains low, but total emissions are expected to increase in the short term, mainly due to gas-fired power plants that provide essential peak and balancing capacity.
Emissions are also influenced by external factors such as electricity market conditions, system flexibility needs and the pace of renewable deployment.
Scope 3 emissions from constructing new renewable energy facilities are currently largely unavoidable and depend on the availability and maturity of low-emission solutions.
At the same time, expanding renewable energy is critical for decarbonising the power system, and construction-related emissions are offset over time through long-term production of low-carbon electricity.
Wind turbine blades end of life
As Statkraft’s asset portfolio matures and expands, the company is increasingly exposed to challenges related to material use, waste generation and end‑of‑life management of infrastructure. In particular, with the aging of our wind power plants, we see the need to increase focus on sustainable waste practices for decommissioned wind turbine blades.
We have a global ambition of self-imposed landfill ban for wind turbine blades, effective from 1 January, that includes all Statkraft markets.
Our targets
- Invest 100% of our growth in renewable energy*
- By 2040, Statkraft will achieve net-zero GHG emissions for Scope 1 and market-based Scope 2
- By 2050, Statkraft aims to achieve net-zero GHG emissions for Scope 3
- Statkraft aims to avoid landfilling of wind turbine blades from majority-owned assets.
* Except reinvestment in existing gas assets.
Southill Solar Farm, UK
Southill Solar Farm, UK
How we work to meet our targets
Climate and resource considerations are integrated into:
- investment decisions
- project design and material choices
- procurement and supplier engagement
- operations and asset management