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European Climate Pact
private sectorVattenfall Group

Vattenfall Group

Overview

Location

Sweden

Sector

Electric Utilities

Organisation type
Business

Company Information

Vattenfall, is a producer and retailer of electricity and heat. The parent company, Vattenfall AB, is wholly owned by the Swedish state, and its headquarters is in Solna, Sweden. In 2021, the company reported a total of approximately 19,000 employees and a net sales revenue of 180.1 billion SEK.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Vattenfall Group has a target to reduce intensity of scopes 1 and 2 CO2e emissions 77% per megawatt hour (MWh) by 2030 from a base year of 2017. This is a year-on-year reduction rate of 5.9% per megawatt hour (MWh) over the next 9 years

MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022

 

Mobility

North Star

  • Vattenfall Group has a target to switch 100% of their fleet to Electric Vehicles by 2030 from a baseline of 0% in 2017

PledgeHave a target to switch 100% of the company fleets to Electric Vehicles by no later than 2030

MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022

 

Water

Our actions – the Pathway

  • Have an internal price on water 
  • Work towards the yearly reduction of % of water withdrawn from areas with water stress 
  • Engage our suppliers to report on their water use, risks and/or management information
  • Publicly disclose data on water-related impact to investors through a public platform
  • Integrate water-related issues into the company's financial planning
  • Integrate water-related issues into the company's long-term business objectives
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • Vattenfall Group have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (11/07/2022)

Data source: CDP Climate Change 2022