Power Nordics

What is Footprint Level

Footprint Level® visualises complex Sustainability Data in a simple way. Our first service shows a company’s progress of the CO2 footprint over time and in relation to the 1.5°C target in the Paris Agreement. This is also called “Carbon Law” and means that starting from the base year 2020 the CO2 emissions shall be reduced by 50% from 2020 to 2030 and reduced by 50% again from 2030 to 2040. Then from 2040 to 2050 the CO2 emissions will reach literally net zero.

Power Nordic has received a footprintlevel of 70/100
CO2 Assesment of 2020
Scope 1 Direct
396 000
Scope 2 Inirect
602 000
Scope 3 Indirect upstream
5352 000
Scope 3 Indirect Downstream
600 000
Total 2020
6950 000 CO2 e
CO2 Assesment of 2021
* Scope 1 Direct
226 000
* Scope 2 Inirect
336 000
Scope 3 Indirect upstream
5603 000
Scope 3 Indirect Downstream
523 000
Total 2021
6688 000 CO2 e

* Biggest improvments

Abstract

A quick overview after the CO2 Assessments carried out for the years 2020 and 2021 shows that a decrease of the CO2 emissions have been done for three of the four scopes. Only Scope 3 Upstream have bigger CO2 emissions in 2021 than in 2020. This is due to an increase in the categories “Purchased goods and services” and “Leased assets”. Power Nordics invested in new machinery and had an increase in both leased and purchased services/assets. The main reason for this was investment in machinery/assets with higher energy efficiency. Thus this will help decrease the emissions going forward. The other scopes all had improvements and over all this resulted in a really good Footprint Level of 75. If Power Nordics keep up the good pace in the reduction of these scopes together with the investments done there is a good chance Power Nordics may improve their Footprint Level the coming 2-3 years.

Full Analysis

This is the first CO2 assessment carried out at Power Nordics by Footprint Level. The years assessed are 2020 and 2021. The years before that have not been taken into account. We can clearly see that Power Nordics have an ambitious roadmap starting in 2021. Investments were made during the year to improve energy efficiency. This will show in the coming years. However in 2021 this investment in new machinery and leased and purchased assets had a negative impact in scope 3 upstream. The company is very aware of this negative impact and knows it will have a great positive impact on the overall emission reduction the coming years.

Power Nordics receives a Footprint Level CO2 of 75/100 in the assessment period 2020 to 2021. This means that the company has reached 75% of attaining the 1.5°C target in the Paris Agreement. This is a good score if you look at the industry index which is below this score. By communicating this score internally Power Nordics will make their staff aware of the speed of their transition towards a lower CO2 emission. The score will also be available to external stakeholders where it is likely to determine interest and insurance from banks and insurance companies.

In the process of assessing the CO2 emissions at Power Nordics the following roles were engaged on the client side: CEO, Marketing Manager, Head of Sustainability and Sustainability Communication Officer. From Footprint Level these roles were engaged: CO2 Assessor, CEO and CTO. In the assessment we engaged partner companies for the data collection. In this case the data collection was carried out mostly in the form of manual assessment. The reasons for this was threefold; Mitigation of greenwashing, t learning how to assess CO2 emissions and finally for the different roles to meet and cooperate.

Going forward Power Nordics, Footprint Level and the partner companies will need less time for the data collection / CO2 assessment. Next time tools will also have been improved and the whole process will be easier.