SUSTAINABILITY

Sustainable action is key in our corporate strategy

We generate green electricity for a sustainable future. Details can be found in the current sustainability report.

Sustainability Report 2023

SUSTAINABILITY

KPIs

The ESG report provides a comprehensive insight into our economic, social, environmental and governance-related key performance indicators (KPIs).

1.2+

million tonnes
of CO₂e saved

24%

female
executives

0

serious incidents in the
field of compliance

Emphasizing our environmental responsibility

Transition-Plan

Net-Zero by 2040

In our transition plan, we show how we intend to achieve a reduction of at least 42% in our direct and indirect emissions (Scope 1+2) by 2030 and at the same time achieve a significant reduction in our Scope 3 emissions. In the long term (by 2040), we aim to reduce our Scope 1+2+3 emissions by 95%.

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CARBON FOOTPRINT

Reporting our emissions

The calculation of a Corporate Carbon Footprint (CCF) demonstrates our endeavours to transparently present Encavis' ecological footprint and proactively reduce our emissions.

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Science Based targets

SBTi confirms our climate targets

We are resolute in our commitment to taking ambitious steps to diminish our carbon footprint. Endorsed by the independent Science Based Targets initiative, our goals underscore our dedication to fostering a sustainable economy.

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VARIETY OF SPECIES

Boosting biodiversity in solar parks

Operating solar parks provides regions with the chance to rejuvenate and regenerate. As a component of our biodiversity strategy, we will monitor and enhance this advancement by conducting biennial reviews of our parks' biodiversity and adjusting management practices as needed.

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Emphasizing our social responsibility

PERSONNEL DEVELOPMENT

Human Capital Development

We are convinced that an interesting and attractive working environment is a key driver of our success.

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ANTI-DISCRIMINATION

Strength through diversity

A diverse workforce, enriched by varied experiences and backgrounds, is what fortifies our team's strength. Encavis staunchly stands against any form of discrimination.

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OCCUPATIONAL HEALTH AND SAFETY

Health and Safety Policy

The health and safety of our employees is a valuable asset to which we attach great importance.

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GOOD TEAMWORK

Better Together

Only with a strong team can we make our contribution to a more environmentally friendly energy supply.

Governance

Responsible management, caring for both people and the environment

We acknowledge our duty towards effective and sustainable corporate governance. Guided by the German Corporate Governance Code, we prioritize transparency, accountability, and integrity in our operations. Our robust compliance management system safeguards the interests of all stakeholders.

Further information

Our sustainability efforts have been awarded

MSCI ESG - Score AA

ENCAVIS AG received an MSCI ESG rating of AA in 2024.

ISS ESG - Score A-

We have a current rating of A- in the ISS-ESG evaluation and hold ‘Prime’ status.

CDP Climate - Score B

We have a current CDP climate rating of B.

Sustainalytics - Score 19,6

We are rated by Sustainalytics with an ESG Risk Rating of 19.6 (23/05/2024). This corresponds to a low ESG risk.

S&P Global CSA - Score 38

We achieved a score of 38 (out of 100) in the S&P Global Corporate Sustainability Assessment 2024 (CSA score from 23/08/2024)

We contribute to the UN Sustainable Development Goals

SDG 7: Affordable and clean energy

We produce green electricity and thus make a major contribution to a future with affordable and clean energy for everyone.

SDG 13: Climate action

We reduce CO₂ emissions by producing green electricity. Our core business also contributes the most to this goal.

SDG 3: Good health and well-being

We are committed to the health and well-being of our employees.

SDG 4: Quality education

We support the further development of our employees.

SDG 8: Decent work and economic growth

We take responsibility and respect human rights - including in our supply chain.

SDG 15: Life on land

We are committed to increasing biodiversity by driving forward the expansion of renewable energies.

SDG 17: Partnership for sustainable development goals

We are involved in a wide range of initiatives and associations to promote a common understanding of sustainability.

memberships

Selected member organizations

Bundesverband der Energie- und Wasserwirtschaft

Bundesverband Solarwirtschaft

European Solar PV Industry Alliance

Principles for Responsible Investment

Renewable Energy Hamburg

Science Based Targets Initiative

SolarPower Europe

United Nations Global Compact

All reports and guidelines at a glance

We are committed to transparent communication that enables our stakeholders to analyse and compare our activities.

Get in touch

You’d like to share something with us? Or perhaps you still have open questions about out sustainability strategy? Ask away!

Tanja Van den Wouwer

Head of Sustainabaility & Group Communications

Latest reports

Sustainability Report 2023

ESG Report 2023

Annual Report 2023