Encavis Reduces Emissions and Tracks Carbon Footprint

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by KnowESG,

Encavis AG

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Encavis has released its carbon footprint report for the fiscal year 2021, and the company remains committed to measuring and decreasing its emissions sustainably.

The Group has followed the Greenhouse Gas Protocol (GHG Protocol) for reporting its emissions since 2020. The 2022 carbon footprint report is expected to be published by the end of 2023.

Encavis calculated its corporate carbon footprint by accounting for all emissions under Scope 1, Scope 2, and Scope 3.

Scope 1 emissions consist of direct emissions from fuel combustion in corporate vehicles or facilities. Scope 2 emissions include indirect emissions from the purchase and use of electricity, heat, or steam from energy suppliers. Scope 3 emissions comprise all other indirect emissions in the value chain related to a company's business activities, including the production of raw materials, supply chain, and waste product disposal. The disposal of waste products usually contributes the most to a company's emissions, which is also the case for Encavis.

Dr. Christoph Husmann, Encavis AG's CFO and Executive Board Spokesman, stated that the emissions balance sheet offers transparency on emission sources, enabling the identification, planning, and execution of appropriate measures. Encavis' primary objective is to prevent emissions altogether whenever feasible or, at a minimum, decrease them.

Encavis Group reported a 15% year-on-year decrease in greenhouse gas emissions, totalling 474,907 tonnes of CO2e in fiscal year 2021, compared to 558,644 tonnes of CO2e in 2020. The reduction was due to fewer commuter trips, partially caused by COVID-19, and less acquisition of Renewable Energy plants. Additionally, the company's previous year's saving measures had a positive impact on the carbon footprint, particularly the increased purchase of Renewable Energy for wind and solar parks operation, which accounted for 97%.

While Encavis' Scope 1 emissions almost doubled from 2020 to 2021, they remain at an extremely low level. These emissions solely result from the use of company vehicles. In general, direct Scope 1 emissions account for well below one per cent of total CO2 emissions at Encavis.

Encavis' Scope 3 emissions represent 99% of the total emissions, primarily due to the upstream supply chains. The construction activities for new wind and solar parks notably contribute to the rise in emissions. To reduce these emissions, collaboration with suppliers is necessary. Achieving the objective of a climate-neutral energy supply can only be achieved through collective efforts.

Dr. Christoph Husmann stated that Encavis' climate protection measures concentrate on decarbonising the supply chains through enhanced data collection and processing of Scope 3 emissions, work on a uniform data architecture across the Group, and strong collaboration with suppliers and project partners.

Despite Scope 3 emissions, Encavis' CO2-free electricity production from its wind and solar parks offsets these emissions significantly. This approach has already helped Encavis avoid over 1.1 million tonnes of climate-damaging greenhouse gases annually.

Further details about Encavis' climate management practices are accessible in the Encavis AG Sustainability Report, to be released on May 22, 2023.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: Encavis

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