Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Renewable Energy
• Decarbonization
• Circular Economy
• Social Impact
• Just Transition

Environmental Achievements

• Group’s Scope 1 CO2 emissions are set to decrease by over 30% between 2020 and 2023
• 80% GHG emission reduction in 2030 versus 2017 levels
• 2050 full decarbonization target
• Overall saving of evaporative losses up to 15% in the geothermal sector

Social Achievements

• Creating Shared Value (CSV) Model, finding new business opportunities by solving social problems
• Helping to achieve the UN’s Sustainable Development Goals (SDGs)
• Just Transition initiatives to manage job losses and create new opportunities in affected regions
• Addressing energy poverty through the transition

Governance Achievements

• Sustainability is embedded into the business model
• Board/executive oversight of ESG
• Approach to integrating sustainability into operations
• Sustainability K factors in procurement process

Climate Goals & Targets

Environmental Challenges

• Intermittency of renewable energy sources
• Need for grid stability and flexibility
• Coal phase-out and its impact on the grid
• Environmental impacts of decommissioning coal plants
• Supply chain sustainability for renewable energy components
• Land use for renewable energy projects
• End-of-life management of renewable energy components
• High cost of emerging technologies (storage, hydrogen)
• Supply chain bottlenecks for battery materials
• End-of-life management of batteries
• Need for long-term storage technologies
• High cost and low maturity of marine energy technologies
• Lack of international market and regulatory framework for green hydrogen
• Addressing energy poverty
• Ensuring a just transition for workers and communities affected by the shift away from fossil fuels

Mitigation Strategies

• Investing in energy storage (BESS)
• Utilizing gas generation for peak demand
• Developing innovative solutions for grid management
• Repurposing of thermal power plants
• Implementing circular economy principles
• Investing in research and development of new technologies
• Developing sustainable supply chains
• Developing end-of-life management solutions
• Developing innovative solutions for long-term storage
• Supporting demonstration programs for marine energy technologies
• Promoting the development of green hydrogen
• Implementing redistributive policies to support affected regions
• Upskilling and reskilling programs for workers
• Social tariffs for low-income households
• Investing in energy efficiency technologies

Supply Chain Management

Responsible Procurement

• Sustainability K factors in procurement process
• Favoring suppliers using renewable energy, adopting CSR practices, and committing to battery recycling

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Growth of renewable energy market

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs)

Sustainable Products & Innovation

• Bifacial photovoltaic modules
• New PV plastic modules
• Autonomous robotic solutions for PV cleaning
• Agrivoltaics
• Self-hoisting crane technology for wind turbine maintenance
• New materials for wind turbine blades
• Continuous de-sedimentation technology for hydropower plants
• Hybrid cooling towers for geothermal plants
• Green hydrogen production

Awards & Recognition

• PFI award as “Global sponsor of the year” (2018)