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.*
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
Pledge: Have 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- Work towards the yearly reduction of % of water withdrawn from areas with water stress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