Climate Change Data

Electricity Generating Public Company Limited (EGCO)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5,679,827 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:5,679,827 tCO2e/year
Scope 2 Emissions:10,448 tCO2e/year
Scope 3 Emissions:1,005,895 tCO2e/year
Renewable Energy Share:20.4% of total energy use
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:0.45 tCO2e/MWh (2023)

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Reduced Scope 1 and Scope 2 emissions intensity by 6.25% from 2020 baseline in 2023
  • Increased renewable energy generation to 20.4% of total energy generation in 2023

Social Achievements

  • Not disclosed

Governance Achievements

  • 28% of executive management remuneration linked to climate-related considerations in 2023
  • Established a company-wide internal carbon price of 20.4 USD/t CO2e

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions by 2050 for Scope 1 and Scope 2 emissions
  • Reduce absolute Scope 3 emissions by 50% by 2050 from the 2020 baseline
Medium-term Goals:
  • Achieve carbon neutrality by 2040
  • Increase the portion of renewable energy to 30% of the total generating capacity by 2030
Short-term Goals:
  • Reduce Scope 1 and Scope 2 emissions intensity by 10% by 2030 from 2020 baseline

Environmental Challenges

  • Transition risks: carbon tax, fossil fuel-based generation decline, IMO shipping regulations, exposure to climate-related litigation, shareholder sentiment, access to capital
  • Physical risks: coastal floods and sea-level rise, extreme heat, riverine floods, cyclones and wind, water scarcity
Mitigation Strategies
  • Set up internal carbon price, engage with at-risk suppliers, pursue opportunities in line with Net Zero strategy, implement flood protection infrastructure, provide training to employees to identify symptoms of heat stress, conduct coastal flood risk assessments, construct water reservoirs, implement fuel reservation plans, implement prevention action plans and emergency response measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Coastal floods and sea-level rise
  • Extreme heat
  • Riverine floods
  • Cyclones and wind
  • Water scarcity
Transition Risks
  • Carbon tax
  • Fossil fuel-based generation decline
  • IMO shipping regulations
  • Exposure to climate-related litigation
  • Shareholder sentiment
  • Access to capital
Opportunities
  • Renewable electricity growth
  • Electrification of other sectors
  • ROI on low-emission technology
  • Hydrogen use

Reporting Standards

Frameworks Used: TCFD, IFRS S2

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed