The Saudi Electricity Company

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022-01 to 2022-03, 2021, 2020

In its 2023 reporting, The Saudi Electricity Company disclosed greenhouse gas emissions of 151.93 MMT CO2eq (Scope 1 & 2). By scope: Scope 1: 144.99 MMT CO2eq; Scope 2: 6.94 MMT CO2eq. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
151.93 MMT CO2eq (Scope 1 & 2)
2023
⚡
Renewable Energy
2.87%
of total energy
💧
Water Usage
9.4M m3
2023
♻️
Waste
258.3K tons
2023
⚙️
Energy Use
383.5K MWh
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).144.99 MMT CO2eq
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.6.94 MMT CO2eq

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023151.93 MMT CO2eq (Scope 1 & 2)
2021185.3M tCO2eq/year
2020182.1M tCO2e/year

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • 100% readiness of grid to handle up to 16 GW renewable energy by 2025
  • Publish Water Management Policy by 2025
  • 41 hours of training per employee by 2025
  • 61 SAIDI min/customer by 2025
  • Achieve 0.70 SAIFI by 2025

📅 Medium-term

  • 0.40 tCO2eq/MWh grid emissions intensity by 2030
  • Plant 5 million trees by 2030
  • 72% localization by 2025 and 75% localization by 2030
  • 60% local content by 2025
  • 0.12% RDI spending from total revenues by 2025

🔭 Long-term

  • Net Zero emissions by 2050

🌱 ESG Focus Areas

Climate ActionNature & CircularityPeople & CommunityResponsible Governance

⚠️ Challenges & Risks +

  • Increased Scope 1 emissions due to rampant electricity demand
  • Transition to renewables and cleaner energy leading to price fluctuations and technological & supply chain challenges
  • Inability to mitigate GHG emissions or achieve climate ambitions could lead to negative reaction from investors, customers, and community
  • Extreme weather events could significantly damage company’s operating assets and supply chain partners located near the coastal areas of KSA

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards, Tadawul ESG Guidelines, SASB, TCFD