GlobalData offers a comprehensive analysis of MVV Energie, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on MVV Energie‘s ESG performance. GlobalData’s company profile on MVV Energie offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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MVV Energie, an energy company, has set net-zero targets and aims to become climate positive by 2040 at the latest. Additionally, by 2030, the company aims to achieve a reduction of over 80% in its direct CO2 emissions. These targets have been certified by the Science Based Target initiative as being compatible with its net-zero standard. The company's strategy of achieving net-zero emissions will lead to a rapid reduction in its CO2 exposure and minimize climate-related risks. MVV Energie plans to achieve its net-zero targets by offering green products and services. The company is subject to statutory CO2 pricing through the EU ETS and the German Emissions Trading Act.
According to sustainability report, in 2022 the company’s emission for scope 1 (direct emissions) was 3,647 ktCO2eq, Scope 2 (indirect emissions) was 147 ktCO2eq and scope 3 (indirect emissions) was 5,072 ktCO2eq.
The company has already taken steps to reduce emissions and achieve its net-zero targets. MVV Energie has launched the MVV Green Sponsorship Fund, which supports clubs in installing photovoltaic systems. The company also acknowledges growing resistance to infrastructure projects, such as onshore wind turbines, due to their impact on the natural world and changes to the countryside. MVV Energie is committed to addressing emission loads, conservation requirements, and immission protection. The company aims to optimize maintenance cycles and minimize downtimes to reduce emissions. Additionally, MVV Energie plans to convert all electricity generated for properties owned by the city to renewable energies, particularly photovoltaics, by 2027.
The company recognizes the importance of decentralization, storage of energy, and sector coupling in achieving its emission reduction goals. It aims to enhance flexibility, decentralization, and storage of energy while increasing the provision of renewable energies. MVV Energie also highlights the need for smart needs-based charging solutions to make renewables-based electricity suitable for the transport sector. The company is focused on making electricity from renewable energies fit for use in the transport and heat sectors and networking the entire system.
In conclusion, MVV Energie has established ambitious net-zero targets and aspires to achieve climate positivity by 2040. The company is taking steps to reduce emissions and achieve its goals, including investments in photovoltaic systems and addressing resistance to infrastructure projects. MVV Energie recognizes the importance of decentralization, storage of energy, and sector coupling in the transition to renewable energies.
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