Our climate action
Reducing our climate impact
At Momentum, we strive to develop and produce renewable energy in the most sustainable way. Our core business contributes to reducing carbon emissions globally but like all companies we still have an impact on the climate. Producing renewable energy does not exempt us from responsibility for our own emissions – on the contrary, it drives us to lead by example. We have a clear ambition to reduce our greenhouse gas (GHG) emissions as much as possible and make a true positive impact through our climate efforts.
As a company with a limited consumption of fossil fuel-based energy in our own operations, most of Momentum’s carbon footprint lies in the value chain.
We divide our emissions into scope 1, 2 and 3 according to the Greenhouse Gas Protocol:
Scope 1: Direct emissions from our company cars
Primarily from fossil fuel consumption from the service cars in our service company, Momentum Energy Services, which services wind turbines and solar plants across Denmark.
Scope 2: Indirect emissions from purchased electricity and district heating
This includes consumption for electric cars, offices, storage facilities and the operation of our wind turbines and solar plants in Denmark, Germany, and Sweden.
Scope 3: Other indirect emissions originating from our value chain
Mainly emissions associated with purchased goods and services, components for new renewable energy plants, transportation, waste management, business travel, and employee transportation.
Our climate goals
In 2022 we set the target to be carbon neutral from our own energy consumption (scope 1 and 2) by 2025. We achieved this milestone in 2024.
We have worked to reduce our emissions from company cars, and we have compensated for the remaining scope 1 and 2 emissions that we have not been able to eliminate through verified measures such as guarantees of origin and carbon removal credits.
We are maintaining our 2025 targets and are developing our climate strategy, which will include new future targets. To ensure we achieve these targets, we continue to work systematically to manage our GHG emissions through the three pillars of our climate strategy:
2
Decarbonization
Reduce our GHG emissions as much as possible based on prioritized efforts.
Go to section
3
Compensation
Compensate for own residual emissions by for example investing in high-quality projects that remove carbon from the atmosphere.
Go to section
Data as a basis for effective climate action
At Momentum, we believe that data is key to effective climate action. Without an in-depth knowledge of where and how we emit GHG, we cannot effectively target our reduction efforts in a meaningful way.
We work hard to ensure the most accurate and complete data possible for the entire Momentum Group. Data collection is an extensive task, especially with operations in several locations in Denmark, Germany, and Sweden. Our focus is to collect as much consumption data as possible to minimize the use of estimates and spend-based calculations. At the same time, we continuously work to streamline, improve, and document the processes for collecting, calculating, and reporting data to constantly improve data quality.
Reduction of GHG emissions
Reducing our GHG emissions is the most central element of our climate efforts and we are committed to reducing both our own emissions (scope 1 and 2) and those in our value chain (scope 3).
We prioritize our efforts where we can create the greatest impact. It’s not just about finding the biggest reduction potential, but also about the smaller, symbolic initiatives that help strengthen the understanding and commitment to climate work within Momentum. When employees feel that their efforts make a difference, it helps anchoring the sustainability mindset even stronger throughout the organization.
Reduced emissions from service vehicles (scope 1)
Emissions from our diesel-powered service vehicles are the largest direct source of GHG emissions(scope 1), making the transition to electric vehicles a clear priority in our climate efforts. We are currently developing a policy for our service company fleet to support this transition.
Replacing the vehicle fleet is not just a question of financial investment. A number of specific operational needs must be taken into account, such as high load capacity or distance range requirements. In addition, we need the necessary charging infrastructure for the vehicles. .
In addition, we are continuously working to optimize our driving patterns to save both fuel and time. For example, we have moved our warehouses with spare parts etc. to more strategic locations, and we also work systematically to further train our service technicians so that they can solve even more diverse tasks across locations. This reduces the need to transport specific people for particular tasks.
GHG emissions from electricity and
district heating consumption (scope 2)
6% of our total carbon footprint in 2024 came from our consumption of electricity and district heating. Of this 6%, 94% comes from the electricity consumption of our wind turbines and solar parks, that is needed to produce renewable energy. On average, a wind turbine uses 10-30 kWh for every MWh produced. This corresponds to the wind turbine’s own consumption being 1-3% of the total production. This electricity consumption is not possible to influence.
Electricity and heating consumption in our offices and warehouses accounts for less than 0.4% of our total carbon footprint (approx. 280 MWh/year), partly because we use heat pumps and district heating for heating. Actions here will therefore be of a more symbolic nature and focused on increasing climate awareness among employees and promoting more climate-friendly behavior in our offices.
As our options for reducing electricity and heat consumption are limited, Momentum has chosen to cover all our electricity consumption with green certificates (guarantees of origin). Read more in the compensation section below.
We expect our total electricity consumption to increase as we invest in more wind turbines and build new solar parks. In addition, a growing workforce and the electrification of our vehicle fleet will lead to higher electricity consumption. In turn, the transition will nearly eliminate our scope 1 emissions, which will reduce our overall carbon footprint.
Offsetting the rest of our direct emissions
Although we are working to reduce our own emissions across the business, we cannot yet
eliminate them completely. Therefore, we are working with two different approaches to compensate for residual emissions in scope 1 and 2:
- Carbon removal
- Guarantees Of Origin
How do you remove CO₂ from the atmosphere?
Carbon removal means removing carbon directly from the atmosphere and storing it safely.
This can be done through different methods such as soil sequestration, reforestation or more technological solutions such as direct air capture.
The methods vary both in how long time the carbon is stored and how many positive side effects the method can have for e.g. nature and local communities.
Investing in carbon removal through Klimate
Slowing down global climate change requires more than just reducing emissions – we also need to remove some of the carbon that has already been emitted into the atmosphere. Therefore, we have chosen to invest in carbon removal through the purchase of carbon credits, corresponding to the GHG emissions remaining from our fuel consumption (scope 1) and district heating (scope 2).
The market for carbon credits and carbon removal is complex, with many different methods, opportunities, and challenges. To ensure that the projects we invest in are both credible and effective, we have chosen to partner with Klimate – a Danish company specializing in projects removing carbon from the atmosphere. We focus on projects that not only have a climate impact but also create positive co-benefits for nature and local communities – in line with Momentum’s own values and business activities.
The projects we support are well-documented and third-party certified. Klimate conducts thorough research on each project and assesses its climate impact, co-benefits, integrity, and robustness based on 301 different data points. This ensures a high level of credibility and quality in our investments.
Read about the different methods of carbon removal and Klimate’s due diligence process on Klimate’s website.
What projects has
Momentum invested in?
Through Klimate, Momentum has invested in three carbon removal projects, each representing a unique method of removing and storing carbon from the atmosphere. The projects have been carefully selected to ensure that they both have a climate impact and align with our values at Momentum. We have prioritized investing in one project close to our own operations and two projects in vulnerable geographical areas where climate change has a particularly significant impact on local communities.
Carbon storage in soils – Klim in
Germany
Klim is a German agritech project that works with farmers to promote regenerative agriculture and increase soil carbon storage. This method improves soil health and fertility, makes fields more climate-resilient, and reduces the need for pesticides, which also has a positive effect on the biodiversity of the area. Through a digital platform, Klim supports farmers with documentation, knowledge, and access to financing by selling carbon removal credits. The carbon is stored in the soil for at least 20 years and the project is verified by TÜV Rheinland.
Why has Momentum chosen to invest in the Klim project?
As Momentum owns more than 50 wind turbines in Germany and continues to expand
our portfolio, we see Klim as a good match. The project targets farmers – an essential stakeholder group for us at Momentum, with whom we work closely in the operation of our wind turbines and solar parks and in the development of new renewable energy projects.
Photo: Klimate.co
Carbon storage in biochar – Carboneers in India
10.6% of our investment goes to the Carboneers biochar project in India, where agricultural residues such as bamboo clippings, rice straw and cotton stalks are converted into biochar through various pyrolysis techniques. Biochar is then spread on fields, improving soil health and increasing carbon uptake.
The project also has a positive co-benefits for the economy and social conditions in local communities. For example, women play a central role and make up the majority of the team at all levels – from fieldwork to management. Biochar stores carbon for at least 100 years and the Carboneers project is certified by Carbon Standards International, Isometric and VERRA.
Why has Momentum chosen to invest in Carboneers India?
Carboneers is a well-established project working with over 7,500 farming communities, showing how recycling agricultural residues can create economic growth and positive climate impact through carbon storage in biochar. At Momentum, where circularity is a core value – for example by reusing components from wind turbines – we see a strong match between our work with renewable energy and Carboneers’ project. In addition, we believe it is important to support projects in areas like India, where climate change has a big local impact.
Photo: Klimate.co
Carbon storage in coastal ecosystems – Delta Blue Carbon in Pakistan
Delta Blue Carbon is the world’s largest mangrove restoration project, located in the Indus River Delta in Pakistan. The project covers 350,000 hectares and aims to remove approximately 142 million tons of carbon from the atmosphere. By restoring degraded coastal habitats through the planting of mangroves, carbon is absorbed via photosynthesis, just like regular trees, but the carbon is stored much more stably in sediments through mangrove roots.
In addition to carbon storage, the Delta Blue Carbon project contributes significantly to biodiversity by restoring river delta ecosystems and protecting the rich wildlife both below and above the water. Mangroves, seaweed and tidal marshes protect against storm surges, tsunamis and floods, while purifying coastal waters and protecting against erosion, ensuring clean water and stable coasts. The project is verified by VERRA and supports 60 small villages in education, water supply, healthcare and employment.
Why did Momentum choose to invest in Delta Blue Carbon?
In addition to providing an effective solution to climate change, the project plays a key role in preserving vital coastal ecosystems and has a significant positive impact on biodiversity, which is also a key focus area of Momentum. Furthermore, we believe it is important to support a project like Delta Blue Carbon, which contributes to mitigating the direct consequences of climate change for vulnerable local communities.
Photo: Klimate.co
Guarantees Of Origin
At Momentum, we have chosen to cover the electricity consumption of the entire Momentum Group through Guarantees Of Origin). This allows us to document that our electricity consumption is covered by renewable sources while also driving demand for guarantees of origin and supporting their market
As a producer of renewable energy, we obtain our own Guarantees of Origin (GOOs) through the EU system (REGO) when our wind turbines and solar plants generate electricity for the grid. We cancel these green certificates to ensure the renewable energy is not accounted for twice.
To ensure that the GOOs are close to the source of consumption, we cancel them in the respective countries where the electricity consumption takes place – i.e. in Denmark we cancel Danish earned green certificates and our Swedish consumption is canceled with Swedish earned green certificates. Our German electricity consumption is currently canceled from our Danish certificates. From 2025 this will be canceled in German obtained GOOs.
