GlobalData offers a comprehensive analysis of E.ON SE, 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 E.ON SE’s ESG performance. GlobalData’s company profile on E.ON SE 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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E.ON SE, a leading energy company, is committed to combat climate change. The company has expressed its support for the Paris Agreement and the transition to a low-carbon and sustainable economy. E.ON SE recognizes the importance of social approval and employee engagement in driving the transformation towards a greener future. In 2022, the company’s CO2 emissions for scope 1 was 2.88 million mtCO2e, Scope 2 was 3.38 million mtCO2e (location-based) & 5.83 million mtCO2e (market-based) and scope 3 was 80.55 million mtCO2e (location-based) & 82.58 million mtCO2e (market-based).
The objective for the E.ON Group is to achieve climate neutrality in Scope 1 and 2 emissions by 2040, and in Scope 3 emissions by 2050. The plan involves a 75% reduction in Scope 1 and 2 emissions by 2030, reaching 100% reduction by 2040 compared to 2019 levels. Additionally, the aim is to decrease Scope 3 emissions by 50% by 2030 and achieve a 100% reduction by 2050 compared to 2019.
The company's report 'On course
for net zero' highlights E.ON SE's efforts to reduce carbon emissions and achieve its emission reduction targets. The company has taken steps such as conducting virtual events to share knowledge on climate change and the energy transition. E.ON SE has also invested in innovative technologies and solutions, such as the Masterplan platform, which offers eLearning content on climate change and groundbreaking technologies. The company has conducted studies on the use of existing gas networks for transporting green gases like hydrogen and synthetic methane, which is considered a cost-effective and socially fair way to decarbonize space heating.
E.ON SE has already achieved significant emission reductions and energy bill savings through various initiatives. For example, energy efficiency measures implemented in homes have resulted in lower carbon emissions and energy bill savings. The company has also partnered with government-funded projects to install energy-efficient measures in homes and promote the use of renewable energy. Additionally, E.ON SE is actively advocating for policy changes, such as the rescission of renewables surcharge and reduction in energy taxes, to support the transition to a low-carbon society.
The excerpts emphasize the importance of social aspects and a just transition in achieving decarbonization goals. E.ON SE recognizes the need to involve employees, communities, and consumers in the journey to net zero and ensure a fair transition for all. The company aims to create a green energy community where individuals and cities can contribute to sustainability through certified green energy and other initiatives. Public opinion surveys indicate that there is increasing awareness and support for climate action and the energy transition among European citizens.
In conclusion, E.ON SE is dedicated in reducing carbon emissions through various initiatives and investments. E.ON's climate targets surpass the requirements outlined by the Science-Based Targets initiative (SBTi) for the 1.5-degree target. The company recognizes the importance of social approval, employee engagement, and inclusive policies in driving the energy transition. E.ON SE's efforts have already resulted in significant emission reductions and energy bill savings, and the company continues to explore innovative solutions for a sustainable futuree.
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