GlobalData offers a comprehensive analysis of Ameresco, 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 Ameresco‘s ESG performance. GlobalData’s company profile on Ameresco 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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Ameresco, a leading provider of cleantech, efficiency, and renewable energy solutions, has set ambitious net-zero targets as part of its long-term environmental, social, and governance (ESG) goals. The company is actively working towards reducing its carbon emissions and aims to achieve net zero carbon emissions in its operations (for scope 1 and scope 2) by 2040. In line with this, Ameresco plans to establish greenhouse gas emissions reduction targets through the Science Based Targets initiative (SBTi) by 2025.
Ameresco's GHG emissions for 2022 totaled 355,432 metric tons of CO2e, with Scope 1 at 324,048 metric tons and Scope 2 at 31,384 metric tons. Scope 3 emissions, limited to assets beyond its operational boundary, amounted to 2,978 metric tons of CO2e. The company plans to enhance its emissions reporting methodology between 2023 and 2024 to accurately reflect operational complexities. By 2025, Ameresco aims to establish a robust, data-driven baseline with science-based targets (SBTi) set for 2030 and beyond, disclosing short- and medium-term goals for Scope 1 and 2 emissions as part of its journey toward net-zero.
Ameresco has taken several steps to reduce its emissions and achieve its net-zero targets. The company has invested in cleantech solutions and renewable energy projects to transition to a low-carbon economy. It has also implemented energy efficiency measures and adopted sustainable practices in its operations. The company manages 389 MWe of renewable energy assets, including solar, biogas-to-electricity, renewable natural gas, and battery energy storage. These assets directly contribute to reductions in scope 1 and scope 2 emissions for customers, helping them avoid 420,000 metric tons of CO2e in 2022, which is 118% of Ameresco’s 2022 Scope 1 and Scope 2 emissions. Additionally, Ameresco is actively supporting its customers' decarbonization journeys to reduce their carbon footprints by a cumulative 500 million metric tons by 2050, by providing them with efficient solutions to reduce their own emissions.
In conclusion, Ameresco is focused on achieving net-zero emissions in its Scope 1 and 2 emissions by 2040. The company is taking steps to reduce its carbon footprint through investments in cleantech solutions and renewable energy projects. Ameresco's commitment to sustainability and its efforts to support customers' decarbonization journeys are noteworthy.
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