GlobalData offers a comprehensive analysis of Clearway Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Clearway Energy‘s ESG performance. GlobalData’s company profile on Clearway Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Clearway Energy, a renewable energy company, aims to achieve net-zero Scope 1 and 2 GHG emissions by the year 2050. By 2025, all the company's renewable energy sites exceeding 50 MW will have community engagement plans and actively participate in the company's Adopt-a-School program. Clearway aims to possess a net renewable capacity of 10 GW by 2030. According to ESG report, in 2022 the company’s CO2 emissions for scope 1 was 0.65 million of metric tonnes (conventional assets) & 2,424 metric tonnes (renewable assets) and Scope 2 was 0.01 million of metric tonnes (conventional assets) & 8,611 metric tonnes (renewable assets).
Clearway Energy has taken steps to reduce its emissions and work towards its net-zero targets. The company has invested in various renewable energy projects, including solar and wind sites across different states such as Hawaii, California, and Texas. These projects contribute to the generation of clean energy and help reduce reliance on fossil fuels. Additionally, Clearway Energy has a team dedicated to environmental permitting and wildlife conservation, indicating its commitment to sustainable practices. In terms of future plans, the excerpts mention the company's focus on renewable energy development and operations and maintenance activities. Clearway Energy is actively engaged in stakeholder engagement and research to identify material issues related to sustainability and ESG (environmental, social, and governance) factors. The company has a Sustainability-ESG Committee overseeing its efforts in these areas.
In conclusion, Clearway Energy Clearway aims to have 95% of the electricity it generates be carbon-free by 2035. Additionally, the company strives to attain net-zero greenhouse gas emissions in both Scope 1 and Scope 2 by 2050. The company has taken steps to reduce its emissions through investments in renewable energy projects and has a dedicated team for environmental permitting and wildlife conservation.
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