B3 Scope 2 – Electricity, steam and heat
Sverdrup works to acquire green certificates for all electric power consumed in operation, aiming at Scope 2 carbon neutrality across our global presence.
Sverdrup works to acquire green certificates for all electric power consumed in operation, aiming at Scope 2 carbon neutrality across our global presence.
Hedensted, Denmark: The newest and most sophisticated among Sverdrup Steel’ s service centers. Roof covered with solar cells, offsetting both scope 1 and scope 2 for the location. Energy-efficient electro-hydraulic truck loading facilities, efficient internal stock handling systems, and energy-preserving buildings.
Electricity consumption at Sverdrup Steel’s Hedensted service center amounted to 164,526 kWh in 2025. The electricity is contractually sourced from 100% wind power. Under the market-based Scope 2 method, documented renewable electricity is therefore reported with an emission factor of 0 kg CO₂e/kWh. For transparency, a location-based figure based on the Danish electricity mix may also be disclosed separately.
Sverdrup Steel’s headquarter is co-located with the Norwegian service center in Stavanger. The electricity component of Scope 2 in Stavanger is covered by certificates of renewable sources.
Measured electricity consumption for Svedrup Steel’s facilities in Stavanger in 2025 was 225,212 kWh, of which 100% was sourced daily from Nord Pool spot market. Based on Norwegian Water Resources and Energy Directorate NVE) grid reporting, the electricity spot mix for Stavanger region in 2025 averaged 85-90% renewable electricity, aggregating an average location-based emission factor of 11 grams CO2e per kWh. As a market-based reference, Sverdrup provides the emission sum of a residual mix factor of 537 gCO2e/kWh.
The United Kingdom, where Sverdrup operates a modern service center in Sheffield, was among the first countries to set a net zero target by 2050 and to put in place carbon budgets. Since 1990, the UK’s GHG emissions dropped by 50%. As a historic oil and gas producer, the UK is booking to address declining North Sea hydrocarbon production and redirect the region’s capacity to greener technologies. An important element is decarbonizing the power sector.
Korea has set a target of carbon neutrality by 2050. The strategy includes technology, renewable energy sources, phasing out coal and improving energy efficiency. Sverdrup supports Korea by providing sustainable steel (scope 3) and minimizing our Scope 2 sustainability footprint.
