KIC InnoEnergy SE
Climate Impact & Sustainability Data (2020-2022, 2022)
Reporting Period: 2020-2022
Environmental Metrics
ESG Focus Areas
- Sustainable Energy
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Social Impact
- Economic Growth
Environmental Achievements
- Portfolio companies estimated to save 2.1 Gigatons of CO2 by 2030
- Portfolio companies estimated to generate 831 terawatt-hours of energy from clean sources by 2030
Social Achievements
- Supported over 500 companies with a 93% survival rate
- More than 1,600 graduates from Master school driving sustainable economic growth
- Estimated creation of 39,112 direct and indirect jobs by 2030
- Portfolio companies generated €711M in actual revenue in 2022
Governance Achievements
- Following ESG principles for responsible investments
- Alignment with UN Sustainable Development Goals (SDGs) and European Green Deal
Climate Goals & Targets
Environmental Challenges
- Raw materials for battery production
- Skilled workforce for battery production
- Production machinery for battery production
- Intermittency of renewable energy sources
- High commodity and energy prices
- Virgin material supply shortages
- Supply chain bottlenecks
- High cost of process heat
- Lack of sustainable solutions for industrial heat
- Unpredictability of renewable energy producers
- Need for cost-effective electricity storage
- Renewables market integration
- Volatile prices and increased competition in energy markets
- Lowering LCOE for renewable energy
- Recycling of materials for renewable energy
- Extension of life and decommissioning for mature renewable technologies
- Market entry for new renewable technologies
- Affordable decarbonisation and self-consumption systems for buildings
- Scalable refurbishment systems for buildings
- High CAPEX, complexity, and unclear liabilities in building refurbishment
- Current transport technology limitations in achieving sustainability goals
- Need for new partnerships and synchronisation of development cycles in mobility solutions
- Competition from USA and Asia in mobility sector
Mitigation Strategies
- Leading industrial alliances in battery storage, green hydrogen, and solar photovoltaics
- Early-stage investment and acceleration services for green hydrogen projects
- Collaboration with stakeholders across value chains
- Investing in energy efficiency improvements
- Developing cost-effective and energy-efficient heat pumps
- Developing long duration energy storage solutions
- Providing advanced portfolio management software for renewable energy players
- Fostering innovation in renewable energy production, penetration, and profitability
- Developing scalable and burden-free refurbishment systems for buildings
- Developing innovative vehicles and energy provision infrastructure for sustainable transport
- Supporting the development of hyperloop technology
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Sustainable Development Goals (SDGs), European Green Deal
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 8 (Decent Work and Economic Growth)
- SDG 9 (Industry, Innovation and Infrastructure)
- SDG 11 (Sustainable Cities and Communities)
- SDG 12 (Responsible Consumption and Production)
- SDG 13 (Climate Action)
The report highlights the contribution of EIT InnoEnergy's portfolio companies to these SDGs.