- Rapid pace of changes in the operating environment (technology, regulation, energy markets).
- Need to invest around one billion euros in the coming years to reduce emissions.
- War in Ukraine and economic downturn impacting fuel and waste markets.
- Shortages of biofuel and waste-derived fuel.
- Reduced volume of domestic non-recyclable waste.
- Regulatory challenges in the treatment of carbon dioxide from waste incineration.
Vantaa Energy Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Vantaa Energy Ltd disclosed greenhouse gas emissions of 365.9K tCO2e/year. 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
365.9K tCO2e/year
2023
Water Usage
48.4K m3/year
2023
Waste
300.0K tons/year
2023
â Reported Environmental Achievements
- Reduced emissions from fossil fuels covered by the Emissions Trading Scheme by around 80% in just over a decade.
- Commissioning of geothermal plant
- Construction of high-temperature incineration plant started
- Wind power capacity increased by 17% during the year.
- Waste-to-Energy Plant hosted 2,700 visitors
đŻ Climate & Sustainability Targets
đ Short-term
- Phase out of fossil fuels in energy production in Vantaa in 2026
- 95% of the electricity we produce will be climate neutral by 2026
đ Medium-term
- Aiming for carbon negativity in local energy production by 2030
đ Long-term
- Carbon negative circular economy energy company by 2030
đą ESG Focus Areas
Climate change mitigationReliable energy supplyPromoting a circular economy