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European Climate Pact

Overview

Location

Lithuania

Sector

Electric utilities

Organisation type
Business

Company Information

Ignitis Group is a utility and renewable energy company in the Baltic region. Its core business is focused on operating electricity and gas distribution networks, and managing and developing its green generation portfolio. The company is headquartered in Vilnius, Lithuania and has reported 3,884 employees and 1.89 billion Euro turnover in 2021.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • AB Ignitis grupė has a target to reduce absolute scopes 1 and 2 CO2e emissions 42% by 2030 from a base year of 2020
  • AB Ignitis grupė has a target to reduce intensity of scope 1 CO2e emissions 94% per kWh by 2030 from a base year of 2020
  • AB Ignitis grupė has a target to reduce intensity of scopes 1 and 3 CO2e emissions 90% per kWh by 2030 from a base year of 2020

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • AB Ignitis grupė has a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022