SEFE Securing Energy for Europe GmbH
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Achieved EcoVadis Silver rating
- Purchasing 100% renewable energy for Berlin, Kassel and London offices by 2025.
Social Achievements
- Maintaining or increasing the diversity of nationalities employed across the group as of 2023.
Governance Achievements
- Implementing an updated Code of Ethics and Business Conduct for internal and external counterparties.
- Setting up a whistleblower programme including a dedicated hotline that is accessible to all employees.
Climate Goals & Targets
Long-term Goals:
- Achieving Net Zero GHG emissions by 2045 in Europe, and by 2050 globally
- Supporting Europe’s energy independence by importing significant shares of LNG, over 70 Terrawatt hours p.a. from diversified sources by 2030
Medium-term Goals:
- Achieving Net Zero Scope 1 & 2 GHG emissions by 2040
- Generating a 50% reduction in absolute Scope 3 GHG emissions by 2040
- Ensuring that 25% of top leadership are women by 2025
- Ensuring that 80% of our suppliers have Code of Ethics and Business Conduct equivalent to SEFE’s code of conduct by 2027
- Selling in total over 25 Terawatt hours p.a. of low-carbon energy by 2030
Short-term Goals:
- Reducing Scope 1 & 2 GHG emissions by more than 50% by 2030
- Generating a 15% reduction in absolute Scope 3 GHG emissions by 2030 globally
- Ensuring each employee participates in at least 5 hours of self-selected training p.a., by 2025.
- Ensuring that 50% of our suppliers have Code of Ethics and Business Conduct equivalent to SEFE’s code of conduct by 2024
- Ensuring 100% of employees are purposefully trained on key compliance topics addressed by the Code of Ethics and Business Conduct each year by the end of 2024.
Environmental Challenges
- Balancing environmental efforts with social considerations like energy reliability and affordability in turbulent market conditions.
Mitigation Strategies
- Developing a diverse suite of products, including low-carbon energy solutions, to partner with customers in meeting climate targets and mitigating gas supply disruptions.
Supply Chain Management
Responsible Procurement
- Implementing an updated Code of Ethics and Business Conduct for internal and external counterparties.
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Low-carbon hydrogen and hydrogen derivatives