Climate Change Data

Eolus Vind AB (publ)

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:126.4 tCO2e/year (Swedish operations only)
Scope 1 Emissions:19.0 tCO2e/year
Scope 2 Emissions:10.4 tCO2e/year
Scope 3 Emissions:97.0 tCO2e/year

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Social Responsibility
  • Human Rights
  • Corporate Governance

Environmental Achievements

  • Reduced GHG emissions from business travel through increased use of rail transport and remote meetings.
  • Initiated pilot projects to measure GHG emissions across the supply chain.

Social Achievements

  • Launched a new incident management system for accidents and near misses.
  • Developed a human rights policy and standards for the protection of indigenous peoples' rights.
  • Improved ESG risk ratings from Sustainalytics.

Governance Achievements

  • Joined the UN Global Compact.
  • Revised company values and core values.
  • Expanded Group Management.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Measure GHG emissions in all markets and set reduction targets.
  • Develop a biodiversity strategy and set measurable targets.
Short-term Goals:
  • Reduce GHG emissions from business travel.

Environmental Challenges

  • Delays and cost increases in the Øyfjellet project due to the pandemic and extreme weather.
  • Lack of permits for new wind power projects in Sweden.
  • Risk of human rights abuses in the supply chain, particularly concerning solar panel manufacturing.
Mitigation Strategies
  • Secured SEK 1,500 M in financing.
  • Developed alternative sourcing strategies.
  • Implemented stricter sustainability requirements for suppliers.
  • Created a human rights policy and standards for the protection of indigenous peoples' rights.

Supply Chain Management

Responsible Procurement
  • Requirement specifications for suppliers regarding environment, climate, social responsibility, and business ethics.
  • Development of a Code of Conduct for suppliers and business partners.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme winter weather
Transition Risks
  • Changes in regulations and policies affecting renewable energy expansion.
Opportunities
  • Growth in renewable energy due to climate change concerns and energy crisis.

Reporting Standards

Frameworks Used: UN Global Compact

Third-party Assurance: PricewaterhouseCoopers AB

UN Sustainable Development Goals

  • Goal 7
  • Goal 13
  • Goal 14
  • Goal 15

Eolus's core business contributes to these goals through renewable energy development and environmental protection.

Awards & Recognition

  • Nominated for the Allbright prize