Our climate action

As much green power as possible
with the smallest possible climate footprint

At Momentum, we strive to develop and produce green power in the most sustainable way. Our core business contributes to reducing CO₂ emissions globally, but like all companies, we still have a climate footprint. Producing renewable energy does not absolve us of responsibility for our own emissions – on the contrary, we believe it obliges us to lead the way. We have a clear ambition to reduce our CO₂ emissions as much as possible and make a real difference through our climate action.

As a company with a limited consumption of fossil energy in our own operations, the majority of Momentum’s CO₂ 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 in 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 RE plants, transportation, waste management, business travel and employee transportation.

Our climate goals

In 2022, we set a goal to be carbon neutral from our own energy consumption (Scope 1 and 2) by 2025. We achieved this in 2024.

We have worked to reduce our emissions from company cars, and the Scope 1 and 2 emissions we have not been able to eliminate we have compensated for through verified measures such as green certificates and credits for CO₂ removal.

We maintain our 2025 targets and are further developing our climate strategy, which will include new future targets. To ensure we reach these targets, we continue to work systematically to manage our CO₂ emissions through the three tracks of the climate strategy:

1

Dataindsamling

Map our climate footprint with the best possible data quality.

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2

Reduktion

Reduce our CO₂ emissions as much as possible based on prioritized efforts.

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3

Kompensation

Compensate for residual emissions by investing in credible projects that remove CO₂ from the atmosphere.

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Data as a basis for effective climate action

At Momentum, we believe that data is the key to effective climate action. Without in-depth knowledge of where and how we emit CO₂, we cannot 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 countries and offices in several locations in Denmark. Our focus is to collect as much consumption data as possible to minimize the use of estimates and cost-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 CO₂ emissions

Reducing our CO₂ emissions is the most central element of our climate action 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 have the opportunity to create the greatest impact. It’s not just about finding the biggest reduction potentials, 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 real difference, it anchors our sustainability agenda even stronger throughout the organization.

Reduced emissions from service vehicles (scope 1)

Emissions from our diesel-powered service vehicles is the largest direct source ofCO2 emissions(scope 1) and therefore the transition to electric vehicles is an obvious priority in our climate efforts. We are currently developing a policy for our service company fleet to support the 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 payload or extra-long range requirements. In addition, we need to provide 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 individual tasks.

CO₂ 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 plants 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 climate 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 buy more wind turbines and build new solar plants. In addition, a growing workforce and the electrification of our vehicle fleet will lead to higher electricity consumption. In turn, the transition will virtually eliminate our scope 1 emissions, which will reduce our overall carbon footprint.

Emissions in our value chain (scope 3)

The vast majority of our total carbon footprint – 91% – comes from our value chain.

This is typical for companies like ours that have a very limited consumption of fossil energy in their own operations.

Emissions in our value chain come from multiple sources, which requires a broad approach to reduction. Data on emissions in the value chain is difficult to collect and calculate as we don’t always have access to accurate data. Therefore, we often have to rely on costs, estimates and databases to calculate CO₂ emissions. This leads to some uncertainty in our calculations of emissions in the value chain, making the work of reducing these emissions more complex.

However, a good rule of thumb is that the lower the resource consumption, the lower the CO₂ emissions – and often also the lower the costs. However, finding the right reduction opportunities still requires a comprehensive and targeted effort.

In particular, we focus on the following areas where we see the greatest potential for improvement:

– Procurement of goods and services: We are working to collect more accurate data on our purchases, ranging from wind turbine spare parts and used main components to consulting services and coffee.

– Procurement of materials for new RE plants: We have started collecting data from suppliers to better understand the carbon footprint of the RE plants we build and to find concrete opportunities to reduce emissions throughout the plant’s lifecycle.

– Business travel and employee transportation: We look at ways to promote climate-friendly transportation options, both for business travel and employee transportation to and from work.

– Waste management: We are investigating how we can reduce waste volumes and optimize sorting so that a greater proportion of waste can be reused or recycled.

Offsetting the rest of
our direct emissions

Although we are working to reduce our own emissions across the business, we cannot
eliminate them completely yet. Therefore, we are working with two different approaches to
compensate for residual emissions in Scope 1 and 2:

  1. CO₂ removal (carbon removal)
  2. Green certificates (guarantees of origin)

How do you remove CO₂ from the atmosphere?

Carbon removal is about removing CO₂ directly from the atmosphere and storing it safely.
This can be done through methods such as soil carbon sequestration, reforestation or more technological solutions such as direct CO₂ capture.
The methods vary both in how long the CO₂ is stored and how many other positive effects the method can have for e.g. nature and local communities

Invest in CO₂ removal through Klimate

Slowing global climate change requires more than just reducing emissions – we also need to remove some of the CO₂ already emitted into the atmosphere. That’s why we have chosen to invest in CO₂ removal through the purchase of carbon credits, which correspond to the CO₂ emissions we have left from fuel consumption (Scope 1) and district heating (Scope 2).

The market for carbon credits and carbon removal is complex and there are 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 that specializes in removing CO₂ from the atmosphere. We focus on projects that not only have a climate impact, but also create positive spin-offs for nature and local communities – in line with Momentum’s own values and activities.

The projects we support are well-documented and third-party certified. Klimate conducts thorough research on each project and assesses its climate impact, positive co-benefits, integrity and robustness based on 301 different data points. This ensures a high level of integrity and quality in our investments.

Read about the different methods of CO₂ removal and Klimate’s due diligence process on the Klimate website.

Go to Klimate.co

What projects has
Momentum invested in?

Through Klimate, Momentum has invested in three CO₂ removal projects, each representing a unique method of removing and storing CO₂ 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.

See our credits for CO₂ removal in Klimate’s public registry

Carbon storage in soils – Klim i
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 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.

Read more about Klim here

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 effect on 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 green energy and Carboneers’ project. In addition, we believe it is important to support projects in areas like India, where climate change has a strong local impact.

Read more about the Carboneers project here

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 CO₂ from the atmosphere. By restoring degraded coastal habitats through the planting of mangroves,CO2 is absorbed via photosynthesis, just like regular trees, butCO2 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.

Read more about the Delta Blue carbon project

Photo: Klimate.co

Green certificates

At Momentum, we have chosen to cover the electricity consumption of the entire Momentum Group through green certificates (guarantees of origin). This way we can document that our electricity consumption is covered by green electricity and at the same time contribute to supporting the market for guarantees of origin through demand for them.

As a producer of renewable energy, we cancel the green certificates that our own wind turbines and solar plants earn through the EU Guarantees of Origin system (REGO) when they produce electricity for the grid. To ensure that the certificates 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 in Swedish earned green certificates. For our electricity consumption in Germany, we currently do not have the option to cancel directly in the German certificate system. Instead, we transfer our German certificates to Denmark and cancel them in the Danish system.