Eesti Energia·Energy Supply / Utilities·Last verified 19 July 2026
31
out of 100
Below expectationsPending ReviewMixed evidence· 10 src

Scored as the Eesti Energia GROUP — the oil-shale electricity generation and shale-oil business (Enefit Power) consolidated with the renewables subsidiary (Enefit Green), not Enefit Green alone (which would score far higher in isolation). Eesti Energia operates Estonia's dominant fossil fuel infrastructure: 85% of national generation capacity, heavily dependent on oil shale. Emissions have declined from 11.3 Mt CO2 in 2018 to 3.8 Mt in 2020, driven by market forces rather than decarbonisation strategy. Critical gaps: unaudited sustainability data, no Scope 3 quantification, systemic environmental permit violations, and ongoing investment in new shale oil capacity despite IEA warnings.

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The calculation

Every score shows its working.

Same formula for every company. No curve. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Energy Supply / Utilities sector ceiling.
55 / 100
Performance score
Sum of the 10 rubric questions, scored 0–10 each.
31 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 55) + (0.7 × 31) = 38.2
Scale penalty
Multiplier based on absolute emissions volume — physics-first.
× 0.82
Final score
Rounded. Below expectations.
31 / 100
The ten questions

Where Eesti Energia is strong, and where it isn't.

Strongest on Carbon Footprint — Operations and Emissions Trajectory (5/10, 4/10). Weakest on Water Impact and Nature & Biodiversity Impact (2/10, 2/10).

Where the evidence comes from

Every document used, listed.

10 sources used in this assessment. All publicly available. Each row shows which rubric questions it informed.

[1]Self-reported
Eesti Energia Green Finance Framework (June 2024)

decreasing the intensity of energy production from 0.88 to 0.61, equivalent to a 35% reduction in the period from 2022 to 2023

2024
Q1Q2Q3Q4Q8
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[2]Third-party verified
S&P Global Ratings: Eesti Energia (January 2024)

emissions are higher than many rated peers in Europe, at about 280 grams of CO2 per KWh for its total energy production

2024
Q1Q4
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[3]Public record
CeeEnergyNews: Eesti Energia to cease electricity production from oil shale by 2030

CO2 emissions have fallen threefold over the last few years: from 11.3 million tons in 2018 to 3.8 million tons in 2020

2021
Q3Q8
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[4]Third-party verified
IEA: Estonia 2023 Energy Policy Review

Eesti Energia has been asked to keep 1 000 MW of oil shale generation available until 2026 at a significant financial loss

2023
Q3Q5Q7Q8Q10
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[5]Self-reported
Eesti Energia Group Annual Report 2024

In 2024, Enefit Green's electricity production increased by 40% to 1.9 TWh

2024
Q4Q9
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[6]Public record
ERR News: Special audit proves oil shale energy is outdated

violations regarding sulfur dioxide, nitrogen oxides and dust emissions have been consistent and systemic

2024
Q5Q10
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[7]Public record
Fridays for Future Estonia: Climate Lawsuit Documentation

In June 2024, Enefit Power had to stop using tire shreds in oil production because the quality of the oil fluctuated

2024
Q5Q6Q10
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[8]Third-party verified
Science Direct: Oil shale mining and groundwater impacts (1998)

a substantial lowering of the groundwater level, air pollution, contamination of rivers, lakes and the Gulf of Finland

1998
Q7
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[9]Self-reported
Eesti Energia Annual Report 2025 / Green Financing Report FY2024

800,000 tonnes of waste rock could be used in the construction of Rail Baltica

2025
Q6Q9
View →
[10]Public record
Globenewswire: Eesti Energia Green Financing Report FY2024 announcement

Eesti Energia AS announces that it has published its Green Financing Report for FY2024

2025
Q9
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

Eesti Energia in context

Where Eesti Energia sits among energy supply / utilities peers.

Among the 18 major energy supply / utilities brands we've scored, Eesti Energia sits 14th of 18.

14/18
Eesti Energia's rank
38
Industry average
25
Industry low
55
Industry high
How this score has moved

Eesti Energia's score over time.

today

Score history begins .

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What's being contested

This score is not currently being contested.

Every challenge is published. We'd rather be corrected than wrong — that's the whole point.

No challenges submitted yet. If you have evidence that contradicts this score, you can challenge any question above — cite a public source and we'll review it.

About Eesti Energia

Eesti Energia AS is Estonia's vertically integrated state-owned energy company, operating generation, distribution, and retail electricity and gas services. Founded in 1939, headquartered in Tallinn with 5,361 employees and €2.2 billion FY2022 revenue. Core generation: oil shale-fired plants (1.2 GW), with growing renewable capacity through subsidiary Enefit Green. Exports shale oil and electricity across the region.

Founded
Headquarters
Estonia
Employees
~5,361 (2022)
Annual revenue
2,218,200,000 EUR (FY2022)
Company website ↗
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