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European Climate Pact

Overview

Location

Sweden

Sector

Electric Utilities

Organisation type
Business

North Star pledges

Emissions

Have an officially validated science-based emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

Status date: Submitted (27/07/2021)

Data source: Science Based Targets initiative

MRV: Yes*

*Reported target data is checked for completeness. The target year should not have already passed. The target ambition is reported to be consistent with the level of decarbonization required to keep global temperature increase to below 1.5°C. The coverage of the target is also checked to include company-wide operations, i.e. covered emissions in the target base year are at least 95% of the total base year scope 1+2 emissions. Finally, targets are checked to have been officially approved by SBTi.

Join the Business Ambition for 1.5°C and publicly commit to have a net-zero by 2050 target and emissions reduction strategy in line with the SBTi Criteria and Recommendations

Status date: Submitted (27/07/2021)

Data source: Science Based Targets initiative

MRV: Yes*

*Pledging organisation is checked to have made a public commitment to set a net zero science-based target aligned with the SBTi’s target-setting criteria within 24 months.

 

Pathway pledges

Emissions

Have an internal price on carbon

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Reported data is checked to gather details on how the organisation uses the price on carbon. Pledger must provide at minimum: the Scope(s) of emissions covered by the internal carbon pricing mechanism, the application of the price on carbon (i.e. the part(s) of the business decision-making process that the internal carbon pricing mechanism applies to), the actual carbon price level(s) used (Currency/metric ton), the variance of price(s) used, the type of internal price (e.g a shadow price or internal fee). Finally this pledge requires details on the impact and implication of setting a price on carbon (i.e a company-specific description of how the organization uses the internal price on carbon).

Mobility

Have a target to switch fleets to Electric Vehicles by 2030

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Reported data is checked for completeness. Pledger must provide at a minimum: a base year, target year, figure or percentage in the base year, and figure or percentage in the target year.

Multi-topic

Publicly disclose climate and environmental data to investors and customers through a public platform

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Pledging organisation is confirmed to have disclosed publicly on their climate and environmental impact. For example by responding publicly to the CDP Climate Change Questionnaire.

Implement climate scenario analysis as part of your business strategy setting

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Pledging organisation has reported they use climate-related scenario analysis to inform its strategy. Pledger must provide at a minimum: details on the climate-related scenarios and models applied (e.g. 2DS, IEA 450, Greenpeace, DDPP, IRENA etc.) as well as additional information such as how the selected scenario(s) were identified, with reference to the inputs, assumptions and analytical methods used.

Water

Have an internal price on water

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

MRV: Publicly announced

Publicly disclose data on water-related impact to investors through a public platform

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Pledging organisation is confirmed to have disclosed publicly on their water management and water-related impact. For example by responding publicly to the CDP Water Security Questionnaire.

Commitment to improve water security beyond regulatory compliance

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

MRV: Publicly announced