Clean energy in a sustainable way

Key ESG performance

4.8 mill tCO2e

GHG emissions avoided (all projects)

27 percent

Female managers

3.0 per mill hours

Total Recordable Injury Frequency (TRIF)

4.7 mill tCO2e

GHG emissions avoided (all projects)

29 percent

Female managers

1.6 per mill hours

Total Recordable Injury Frequency (TRIF)

EU Taxonomy

In 2022, Scatec reported on its solar, wind and hydropower activities’ revenue, opex and capex alignment to the Taxonomy.

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Transparency Act

Scatec and its third parties completed a gap analysis of our Transparency Act readiness and alignment, and worked towards best practice in 2022.

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ESG Performance report highlights

Social impact
Social impact

Health, safety and security:
Fatalities: 0  |  LTIF: 0.7  |  TRIF: 1.6  |  High potential incidents: 0.7

Responsible supply chain:
Six workshops with strategic suppliers on ESG related topics (climate and emissions focus)
35 suppliers screened on E&S criteria through EcoVadis

Diversity, equity, inclusion and belonging:
29% females globally and 50 different nationalities
Unconscious bias training for 122 managers as part of our overall initiatives to our advance our DEIB culture

Local value creation:
70+ ongoing long-term local development programmes
More than 2,000 direct jobs from projects under construction

Top ESG ratings
Top ESG ratings

Position Green: A rating on ESG reporting, among the 100 largest companies on the Oslo Stock Exchange

Carbon Disclosure Project (CDP): A list company, top score on climate reporting and transparency

Sustainalytics: Low risk, top score in Utilities industry group

EcoVadis: Platinum, among the top 1% of companies rated

MSCI: AA rating, high scoring range relative to global peers

ISS ESG: B+ rating, prime status (threshold C+)


Climate impact
Climate impact

Net zero target approved by SBTi
Climate target set in line with the 1.5°C scenario – minimise direct emissions by 2030 and achieve net zero emissions across our value chain by 2040

Clean energy: 3,898 GWh
Delivered 3,898 GWh clean energy in 2022 (consolidated)

GHG emissions avoided: 4.7 mill tCO2e
Reached 4.7 million tCO2e – includes all projects where Scatec has an ownership share

Reporting on material ESG topics

Material topics are identified and prioritised based on the principle of double materiality, ensuring that both the impact on the business and the impact of the business are considered. Further, stakeholder expectations and internal strategic priorities inform our analysis.

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Net Zero target approved by the SBTi

Scatec’s near term and net zero targets were approved by the Science Based Target Initiative (SBTi) in January 2023. Our targets are to minimise direct emissions by 2030 and achieve net zero emissions across our value chain by 2040.

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Key targets 2023


E&S assessments in new projects (percentage)


GHG emissions avoided (mill tCO2e)


Lost Time Incident Frequency (per mill hours)


Code of Conduct training of employees (percentage)

ESG resources

We are committed to transparent communication to enable analysts, investors and other stakeholders to analyse and compare our performance. All corporate policies and documents can be downloaded here.

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