Climate Change Data

Waga Energy

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Environmental Sustainability

Environmental Achievements

  • > 100,000 tons of CO2eq avoided
  • 216 GWh of biomethane production (+49%)

Social Achievements

  • Recruitment of 74 talents
  • Relocated HQ, new center for excellence in RNG

Governance Achievements

  • Structuring activities at Group level
  • Opening subsidiaries in Italy and the UK

Climate Goals & Targets

Long-term Goals:
  • c. 4 TWh production capacity, c. 700kt CO2eq avoided, €400m Run-rate annual revenue by 2026
Medium-term Goals:
  • 1 TWh of total installed capacity by 2023
  • 100 WAGABOX® units in operation at year-end 2026
Short-term Goals:
  • Increase of installed capacity up to 800 GWh by end-2023

Environmental Challenges

  • EBITDA losses limited to 3.2M€ (vs 0.2M€ in 2021)
  • Structuring and international business growth
Mitigation Strategies
  • Debt refinancing in 2021 and 2022 leading to longer maturity and reduced average cost of debt
  • Strong increase in sales headcount for the US market

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 13 (Climate Action)

Sustainable Products & Innovation

  • WAGABOX®

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5047.92 tCO2eq (location-based) / 3945.84 tCO2eq (market-based) in 2023
Scope 1 Emissions:240.23 tCO2eq in 2023
Scope 2 Emissions:789.17 tCO2eq (location-based) / 53.19 tCO2eq (market-based) in 2023
Scope 3 Emissions:4,018.52 tCO2eq (location-based) / 3,652.42 tCO2eq (market-based) in 2023
Renewable Energy Share:Not disclosed
Total Energy Consumption:24,736.33 MWh in 2023
Water Consumption:Approximately 2,000 liters in closed circuit
Waste Generated:740 tonnes of non-hazardous waste / 15 tonnes of hazardous waste in 2023 (France)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change Mitigation
  • Renewable Energy
  • Circular Economy
  • Biodiversity
  • Employee Well-being
  • Business Ethics
  • Responsible Governance

Environmental Achievements

  • Avoided emission of around 58,934 tonnes of CO2 equivalent into the atmosphere by replacing fossil natural gas with biomethane in 2023.
  • Launched five new WAGABOX® units in 2023, including three outside France.
  • Increased biomethane production to 336 GWh in 2023 from 216 GWh in 2022 (+55%).
  • Achieved an average availability of more than 95% for WAGABOX® units in operation for over 12 months.
  • ISO 14001 certified since June 2023.

Social Achievements

  • Increased workforce by 31% in 2023, with 74 new hires.
  • 38% of new hires in 2023 were international.
  • Provided 4,868.5 hours of training in 2023.
  • Implemented a Quality of Life at Work survey with an 85% participation rate in 2023.
  • Established a parenting policy and teleworking charter.
  • Implemented a sustainable mobility bonus.

Governance Achievements

  • Established a Code of Conduct in 2022.
  • Implemented anti-corruption training for all at-risk teams.
  • Set up a whistleblowing portal.
  • Established a Stock Market Ethics Charter in 2022.
  • Board of Directors composed of 11 members, with 45.5% women and 4 independent directors.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • GHG emissions from activities (electricity consumption, refrigerants, lean gases).
  • Energy market regulations (potential unfavorable changes in support for renewable energies).
  • Industrial risks associated with WAGABOX® units (explosion, fire, pollution).
  • Attracting and retaining talent in a competitive market.
  • Psychosocial risks for employees.
  • Ethics and corruption risks due to international expansion.
Mitigation Strategies
  • Implementing energy efficiency measures (LED lighting, BioNGVs).
  • Diversifying markets to reduce dependence on subsidized markets and using Biomethane Purchase Agreements (BPAs).
  • Using HAZOP method for risk assessment and implementing safety management system.
  • Investing in employee training and development, implementing a mobility policy, and profit-sharing agreement.
  • Conducting psychosocial risk assessments and implementing recommendations.
  • Implementing a Code of Conduct, anti-corruption training, and a whistleblowing portal.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Favoring suppliers with lower environmental impact and strong social responsibility.
  • Monitoring compliance with ISO 14001 and ISO 9001 standards.

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events (heavy rains, temperature changes, hail, snow)
Transition Risks
  • Unfavorable changes in regulations or public policies supporting renewable energies.
Opportunities
  • Business model based on the fight against climate change.

Reporting Standards

Frameworks Used: CSRD (preparing for 2026), EFRAG

Certifications: ISO 14001 (Europe), ISO 9001 (Europe), ISCC EU (European units with production capacity exceeding 20 GWh/year)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 13 (Climate action)

Waga Energy's activities contribute to these goals by producing renewable biomethane and reducing methane emissions.

Sustainable Products & Innovation

  • WAGABOX® units

Awards & Recognition

  • Not disclosed