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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 greenhouse gas (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.

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 turbinde 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 this is implemented

Climate and resource considerations are integrated into:

investment decisions
project design and material choices
procurement and supplier engagement
operations and asset management

We plan to phase out gas-related emissions towards 2040 and reduce emissions from biomass over time.

For Scope 3, part of the reductions will come from changes in the wider energy system. The strategy states that emissions linked to electricity sold to customers are expected to decline as power systems become more renewable.

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