Climate Change Data

PNE AG

Climate Impact & Sustainability Data (2020, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Renewable Energy

Environmental Achievements

  • Completed, sold, or started construction of projects with a capacity of approx. 461.2 MW (prior year: 450.8 MW).
  • Operated wind farms with a nominal capacity of approx. 134.8 MW (prior year: 130.1 MW), enough to cover the average consumption of 50,000 households with green electricity.

Social Achievements

  • Assumed social responsibility and provided vocational training. Young employees generally remained with the company after their training period.
  • Maintained close relationships with various renowned manufacturers of wind energy systems to promptly realize onshore wind farms in Germany after their approval.

Governance Achievements

  • The Supervisory Board met for 11 ordinary meetings.
  • The Board of Management and the Supervisory Board proposed a dividend of euro 0.04 for each no-par value share.

Climate Goals & Targets

Long-term Goals:
  • 100 percent energy supply from renewable energy sources.
Medium-term Goals:
  • Increase in average operating results by 2023 and stabilize the previously very volatile results.
Short-term Goals:
  • Expand the portfolio of internally operated wind farms, primarily in Germany, to up to 500 MW by the end of 2023.

Environmental Challenges

  • Approval procedures dragged on and projects were postponed due to the COVID-19 pandemic.
  • Manufacturers of wind power turbines reported longer delivery times.
  • Development of international electricity prices was difficult to assess for wind farm investors due to the pandemic.
Mitigation Strategies
  • Responded to the situation with a variety of measures to protect employees and secure the realization of projects and deliveries.
  • Adapted to the situation with concepts aligned with the respective markets and continued to develop the business.

Supply Chain Management

Responsible Procurement
  • Maintained close relationships with various renowned manufacturers of wind energy systems.

Climate-Related Risks & Opportunities

Opportunities
  • Growth market for wind energy and photovoltaics.

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Deloitte GmbH Wirtschaftsprüfungsgesellschaft, Hamburg

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1104.0 tCO2e (Scope 1 and 2, market-based)
Scope 1 Emissions:884.6 tCO2e
Scope 2 Emissions:326.1 tCO2e (location-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Governance
  • Value Chain
  • Employees
  • Environment
  • Social Responsibility

Environmental Achievements

  • Reduced greenhouse gas emissions by more than 20% through 100% green electricity sourcing at German sites.
  • Implemented energy efficiency measures (LED lighting, motion sensors).
  • Increased the share of electric and plug-in hybrid vehicles in the German fleet to approximately 45%.

Social Achievements

  • Introduced the PNE ESG Committee.
  • Implemented a health and safety management system according to DIN EN 45001 (certification planned for 2024).
  • Developed and updated the PNE Code of Conduct and competence guidelines.
  • Continued to offer high-quality training opportunities.

Governance Achievements

  • Established a whistleblower system compliant with the German Whistleblower Protection Act.
  • No compliance violations requiring notification to the management board or supervisory board in 2023.
  • No discrimination incidents in 2023.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve at least 16% women in first management level and 30% in second management level by 2025 (PNE AG only).
  • Operate an in-house portfolio of wind and photovoltaic plants of at least 1,500 MW/MWp by the end of 2027.
Short-term Goals:
  • Introduce a tool for measuring employee satisfaction in 2024.
  • Expand the PNE Academy's offerings.

Environmental Challenges

  • Cybercrime prevention.
  • Anti-corruption prevention.
  • Business partner verification.
  • Recycling of rotor blades.
  • Scope 3 emissions in the value chain.
Mitigation Strategies
  • Sensitizing employees to cybercrime through the PNE app and emails.
  • Building an information security management system according to DIN EN ISO/IEC 27001:2022 (certification starting in March 2024).
  • Adapting processes, including mandatory involvement of the compliance department before granting donations.
  • Developing a Supplier Code of Conduct.
  • Planning to include Scope 3 emissions in climate reporting from 2025.

Supply Chain Management

Supplier Audits: Three-stage process: risk assessment, pre- and integrity check, and compliance measures.

Responsible Procurement
  • Preference for suppliers with ISO 14001 certification.
  • Regional sourcing of materials whenever possible.
  • Conducting transport studies to identify environmentally friendly routes.

Climate-Related Risks & Opportunities

Physical Risks
  • Storms and other extreme weather events damaging wind turbines.
Transition Risks
  • Not disclosed
Opportunities
  • Growth in the renewable energy market due to climate policy and increased societal awareness.

Reporting Standards

Frameworks Used: GRI

Certifications: DIN EN ISO 9001:2015 (energy consult GmbH)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Power-to-X solutions (hydrogen, e-fuels)
  • Digital and automated asset monitoring
  • Avifaunistic detection systems
  • On-demand night marking of wind turbines
  • Power Purchase Agreements (PPA) as a Service

Awards & Recognition

  • Not disclosed