Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate protection
• Renewable energy expansion
• Digitalization
• Employee well-being
• Responsible procurement

Environmental Achievements

• Avoided emissions of 80,921 tonnes of CO2 in electricity generation in 2019.
• Annual energy savings of 44,150 kWh through energy efficiency measures in the administration building.
• CO2 reduction of 24 tonnes per annum through energy efficiency measures.

Social Achievements

• Awarded the 'TOP JOB 2020' quality mark.
• Recognized as a fair company.
• Continued internal executive program for junior staff development.
• Implemented trust-based working hours and work-from-home options.
• Offered various employee benefits (childcare subsidy, fitness courses, etc.).

Governance Achievements

• Established a comprehensive compliance management system.
• Implemented a tax compliance management system.
• Regular compliance training for all employees.
• Developed commissioning guidelines to avoid corruption.
• Implemented a Know-Your-Customer process for business partners.

Climate Goals & Targets

Environmental Challenges

• Continued high losses from marketing conventional power generation assets.
• Regulatory challenges in direct marketing.
• Insolvency of wind turbine manufacturer Senvion impacting Trianel wind farm Borkum II construction.
• Uncertainty surrounding the German government's coal phase-out act.
• Declining revenues from conventional electricity generation.

Mitigation Strategies

• Successful restructuring process optimizing internal processes and cost basis.
• Development of automated trading tools and proprietary forecasting systems.
• Negotiated a solution with Senvion's insolvency administrator to complete wind turbine delivery and commissioning.
• Advocating for fair compensation arrangements for hard coal-fired power station operators in the parliamentary process.
• Focusing on expanding renewable energy sources and digitalization.

Supply Chain Management

Responsible Procurement

• Relying on local suppliers and service providers where possible.
• Implementing a commissioning guideline for order volumes of €25,000 and higher to ensure transparency and avoid corruption.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (drought, storms)

Transition Risks

• Changes in energy trading
• Declining revenues from conventional energy sources
• Regulatory changes

Opportunities

• Expansion of renewable energy sources
• Development of new business models for climate protection
• Digitalization to optimize processes and implement the energy transition

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative)

Sustainable Products & Innovation

• Trianel DESK platform for energy business services.

Awards & Recognition

• 'TOP JOB 2020' quality mark
• 'Fair Company' label

Environmental Metrics

ESG Focus Areas

• Climate Change
• Renewable Energy
• Flexibility
• Digitalization
• Employee Well-being
• Social Responsibility
• Compliance

Environmental Achievements

• Commissioned Trianel wind farm Borkum II (200 MW)
• Installed PV plant on Trianel headquarters roof (100 kW)
• Switched to green electricity for Aachen headquarters
• Reduced CO2 emissions at headquarters by more than half (preliminary findings)

Social Achievements

• Successfully transitioned to remote work during COVID-19 pandemic
• No COVID-19 infections due to office contact
• Commissioned Viva FamilienService to support employee well-being
• No work-related injuries in 2020
• Awarded 'Fair Company' label

Governance Achievements

• Implemented a new personnel management system
• Developed guiding principles and a mission statement with strong employee participation
• Continued to expand compliance management system
• No fines or penalties for non-compliance with laws or regulations

Climate Goals & Targets

Environmental Challenges

• Coal phase-out uncertainties and inadequate compensation for hard coal power stations
• Amendments to the German Renewable Energy Sources Act (EEG) slowing down renewable energy expansion
• COVID-19 pandemic impacting sales and new project development
• Insolvency of Senvion (wind turbine supplier) delaying Borkum II project

Mitigation Strategies

• Advocating for a fair and constitutional coal phase-out
• Investing in renewable energy sources and flexibility assets
• Leveraging digitalization to maintain operations during the pandemic
• Successfully completed Borkum II construction despite Senvion's insolvency
• Developed alternative sourcing strategies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Focus on local suppliers where possible
• Compliance with commissioning guidelines for orders over €25,000

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Coal phase-out
• Changes in renewable energy regulations

Opportunities

• Expansion of renewable energy projects
• Development of new flexibility services

Reporting Standards

Frameworks Used: GRI, German Sustainability Code (DNK)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 11 (Sustainable cities and communities)
• Goal 13 (Climate action)

Trianel's initiatives contribute to these goals through renewable energy investments, employee well-being programs, digital innovation, and support for municipal climate action projects.

Sustainable Products & Innovation

• Energy efficiency services
• Renewable energy project development

Awards & Recognition

• 'Fair Company' label

Environmental Metrics

ESG Focus Areas

• Climate protection
• Supply security
• Economic efficiency
• Employee rights
• Equal opportunities
• Human rights
• Corporate citizenship
• Compliance

Environmental Achievements

• Switched Trianel’s administration in Aachen to certified green electricity in 2021, achieving climate neutrality for electricity consumption.
• Commissioned a PV plant on the roof of the Trianel premises in 2020, producing roughly 84,000 kWh of environmentally friendly electricity annually.
• Progressive transition of lighting to LEDs, resulting in annual savings of roughly 62 MWh and emissions avoidance of roughly 17 tCO2.

Social Achievements

• Implemented comprehensive hygiene standards and health and safety measures in response to the COVID-19 pandemic.
• Commissioned ‘Viva FamilienService’ to promote employee well-being, offering consultation services to prevent burnout and address psychological challenges.
• No work-related injuries occurred in 2021.

Governance Achievements

• Established a comprehensive compliance management system and a Compliance Department.
• Implemented a tax compliance management system (IKS Steuern).
• No incidents of corruption occurred in the company during the reporting year.

Climate Goals & Targets

Environmental Challenges

• Rising prices on the global wholesale markets for electricity, gas, and CO2 certificates.
• COVID-19 pandemic.
• Volatility and price levels increased significantly for electricity, gas, and EUA, especially in the second half of December 2021.
• Market price developments impacting liquidity.
• Russian invasion of Ukraine and subsequent sanctions impacting energy markets and prices.

Mitigation Strategies

• Established risk provisions for shares in the Trianel coal-fired power station in Lünen and in the Epe gas storage facility.
• Stepped up general risk provision for the trading business.
• Increased provisions for anticipated losses from marketing long-term energy supply segments.
• Raised general risk provision.
• Expanded surety and credit lines.
• Regular special meetings of the Risk Committee to address the risk situation resulting from the Ukraine crisis.
• Instant blocking of trading partners to limit credit risk.
• Introduction of measures to limit liquidity risks and appropriate expansion of funding facility.
• Energy policy activities aimed at promoting the company’s interests and improving evaluation of upcoming developments.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Focus on local suppliers and service providers where possible.
• Trianel commissioning guideline for order volumes of €25,000 and higher.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes
• Market shifts
• Increased climate protection efforts
• Energy security issues

Opportunities

• Expansion of renewable energy sources
• New business models for climate protection
• Hydrogen industry
• Digital infrastructure

Reporting Standards

Frameworks Used: GRI, German Sustainability Code (DNK)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 7
• SDG 9
• SDG 11
• SDG 13
• SDG 14
• SDG 15
• SDG 17

Trianel's initiatives contribute to these goals through various actions related to employee well-being, education, gender equality, renewable energy, sustainable cities, climate protection, and partnerships.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Fair Company award

Environmental Metrics

ESG Focus Areas

• Climate protection
• Renewable energy expansion
• Employee well-being
• Compliance
• Supply security
• Long-term economic stability

Environmental Achievements

• Avoided greenhouse gas emissions from participating interests in renewable energy sources: 52,670 t CO2-eq (76.7% increase from 2021)
• Reduced greenhouse gas emissions (Scope 1 and 2) to 162,960 t CO2-eq (21.2% reduction from 2021)
• Transitioned to certified green electricity for Trianel’s administration in Aachen since January 1, 2021, resulting in significant reduction of direct emissions from electricity consumption.
• Commissioned a PV plant on the roof of the Trianel building in 2020, avoiding approximately 37 t CO2 compared to the 2022 German electricity mix.

Social Achievements

• No work-related injuries occurred in 2022.
• Implemented measures to support employee well-being during the COVID-19 pandemic, including remote work options and access to consultation services.
• Maintained a high level of employee engagement through regular communication, events, and a focus on dialogue.
• Continued to promote diversity and equal opportunities within the workforce.

Governance Achievements

• Established a comprehensive compliance management system and a compliance department to ensure adherence to all relevant rules and regulations.
• Implemented a tax compliance management system (IKS Steuern).
• Conducted compliance training for all employees, including online courses and on-site training for new recruits.

Climate Goals & Targets

Environmental Challenges

• High volatility and dramatic price increases in the energy markets due to the war in Ukraine and related sanctions.
• Increased demand for portfolio and risk management services due to market insecurity.
• Disruptions to supply chains and price hikes in the project development business.
• Increased cyber risks in the context of the war in Ukraine.

Mitigation Strategies

• Adapted market activities to the rapidly changing market situation.
• Intensified risk monitoring and coordination between risk management and market sectors.
• Adjusted various limit structures in proprietary trading.
• Introduced measures to limit liquidity risks, including expanding the financing framework.
• Implemented measures recommended by the BSI (German Federal Office for Information Security) and intensified IT security monitoring.

Supply Chain Management

Supplier Audits: Compliance regulations observed when commissioning suppliers; auditing for integrity and incorruptibility.

Responsible Procurement

• Focus on local suppliers and service providers where possible.
• Commissioning guideline for order volumes of €250,000 and higher to avoid corruption and ensure transparency.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Expansion of renewable energy sources
• Development of new business models for climate protection

Reporting Standards

Frameworks Used: GRI, German Sustainability Code (DNK)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 7
• SDG 9
• SDG 11
• SDG 13
• SDG 14
• SDG 15
• SDG 17

Trianel's activities contribute to these goals through various initiatives related to employee well-being, education, gender equality, renewable energy, innovation, sustainable cities, climate action, and partnerships.

Sustainable Products & Innovation

• Services for climate assessments and climate strategies for municipal utilities.
• Digital solutions for municipal utilities.
• Flexibility options in energy trading.

Awards & Recognition

• Fair Company award