- Fluctuations in production due to uncertainties in wind regime and sunshine duration
- Risks arising from loss of qualified employees and difficulties faced in talent acquisition and retention of talents
- Lack of an efficient personnel performance evaluation system
- Risks that may be exposed to access to finance due to changing economic conditions
- Risks of adaptation to the rapid growth trend in the renewable energy sector in line with national and international developments, legislation and strategies
- Risks of insufficient risk awareness within the organisation
- Risk of losses, injuries and illnesses or various factors caused by hazards that may be encountered in the workplace
- Risk of mistrust among stakeholders and exposure to legal sanctions due to legal disputes, uncertainty about fulfilment of obligations, misinterpretation of regulations or failure of personnel to fulfil these obligations on time
- Behaviours of employees or persons in the management of the company that are contrary to company policies and ethical values
- Product price increases that may cause destabilisation in the supply chain of the enterprise due to import restrictions
Fiba Renewable Energy
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Fiba Renewable Energy disclosed greenhouse gas emissions of 941.7K tCO2e/year. By scope: Scope 1: 716 tCO2e/year; Scope 2: 1.4K tCO2e/year; Scope 3: 1.2K 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
941.7K tCO2e/year
2023
Renewable Energy
100%
of total energy
Water Usage
4.2K m3/year
2023
Waste
16.2K kg/year (hazardous) + 532 kg/year (non-hazardous)
2023
Energy Use
1.6M MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 716 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.2K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Emission reduction of 941,712 tCO2e, equivalent to approximately 30 million decares of red pine forest area
- 97.1% availability rate at wind power plants
- Approximately 46 MWh of energy saving and 30 tCO2e carbon emission reduction
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase installed power by 25% by the end of 2025 (to 750 MW)
- Reduce the amount of energy need of products and services sold (MWh consumption / MWhproduction) by 20% until the end of 2025
- Increase cumulative carbon reduction to 9,000,000 tCO2e by the end of 2025
📅 Medium-term
- Reach an installed power of over 1,000 MW by 2030
- Increase cumulative carbon reduction to 15,000,000 tCO2e by the end of 2030
- Increase local employment rate to 80% by 2030
🔭 Long-term
- Reach net-zero emissions by 2040
- Increase installed power to 1,500 MW by 2040
- Increase cumulative carbon reduction to 30,000,000 tCO2e by the end of 2040
🌱 ESG Focus Areas
Growing in the Sector with a Sustainability FocusFacilitating a People-Oriented Working EnvironmentActing with a Sense of Environmental and Social Responsibility