Climate Change Data

SEFE Securing Energy for Europe GmbH

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:151 ktCO2e (Scope 1 & 2 baseline); 91 mtCO2e (Scope 3 baseline)
Scope 1 Emissions:39 ktCO2e (2023)
Scope 2 Emissions:21 ktCO2e (2023)
Scope 3 Emissions:55,886 ktCO2e (2023)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Installed continuous Methane Leakage Detection systems at Rehden and Jemgum storage sites.
  • Reduced Scope 1 and 2 emissions in 2023 versus the baseline period.
  • Generated 29,500 kWh of electricity by solar power at Jemgum by end of Q1 2024.

Social Achievements

  • Achieved 25% women in senior leadership positions, one year ahead of schedule.
  • Launched “Activate” Programme to develop SEFE talent.
  • Published new Code of Ethics and Business Conduct for all staff.

Governance Achievements

  • Introduced a new Code of Ethics and Business Conduct.
  • Established an enhanced “Know-Your-Customer” questionnaire for trading counterparties.
  • Reviewed key suppliers to confirm they have a code of conduct.

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero Scope 1 and 2 GHG emissions by 2040.
Medium-term Goals:
  • Reduce Scope 1 and 2 GHG emissions by more than 50% by 2030.
  • Reduce Scope 3 GHG emissions by 15% by 2030.
  • Sell over 25 TWh p.a. of low-carbon energy by 2030.
  • 80% of suppliers to have a Code of Conduct by 2027.
  • 100% of employees trained on Code of Ethics by end of 2025.
Short-term Goals:
  • Purchasing 100% renewable energy for Berlin, Kassel and London offices by 2025.
  • 50% of suppliers to have a Code of Conduct by 2024.

Environmental Challenges

  • Reducing Scope 3 emissions (600 times larger than Scope 1 and 2)
  • Meeting ambitious targets for net-zero emissions and diversity.
  • Managing the complexities of the evolving energy market and stakeholder expectations.
Mitigation Strategies
  • Diversifying portfolio to include low-carbon sales.
  • Optimizing LNG shipping operations.
  • Seeking information from upstream suppliers on emissions footprints.
  • Assessing opportunities to use internal carbon pricing.
  • Developing a high-quality carbon offset portfolio.
  • Implementing talent programs and career roadmaps.
  • Formalizing a group-wide DEI policy.
  • Establishing an annual stakeholder conference.

Supply Chain Management

Supplier Audits: Reviewed key suppliers; ~70% have a Code of Conduct (2023)

Responsible Procurement
  • Enhanced KYC questionnaire for suppliers, including confirmation of Code of Conduct.

Climate-Related Risks & Opportunities

Opportunities
  • Development of hydrogen storage facilities
  • Growth in low-carbon energy markets

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: ERM Certification and Verification Services Limited (ERM CVS)

Sustainable Products & Innovation

  • Low-carbon hydrogen, renewable power, biomethane