Climate Change Data

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