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EQS-News: VERBUND AG
/ Key word(s): ESG
As a leading Austrian energy company and one of the largest producers of hydroelectricity in Europe, VERBUND is committed to becoming climate neutral by 2040 and achieving net zero greenhouse gas emissions by 2050. With the Climate Transition Plan published today, VERBUND has set a clear path with measurable targets and actions to reduce greenhouse gas emissions. VERBUND plans to achieve a 74% reduction in greenhouse gas emissions by 2030, with a further reduction of at least 90% by 2040 compared with the base year 2020. Ultimately, the goal is to reach net zero by 2050. Greenhouse gas emissions attributable to investing in the decarbonisation of the energy system are the sole exception to this commitment. In order to achieve these ambitious targets, VERBUND has introduced targeted measures along the entire value chain in accordance with Mission V. They include the expansion of green energy generation and flexibility in Europe, switching to green hydrogen and using former gas pipelines to transport it, reducing indirect emissions, research and development as well as electromobility. By adopting this approach, VERBUND is pursuing a pathway to lower emissions backed by science that aligns with the Paris Agreement objective to limit global warming to below 1.5°C. Top mark in Moody’s net zero assessment The VERBUND Climate Transition Plan was awarded the best possible rating, NZ-1 (leading), by Moody’s rating agency for the first time and as part of a non-mandatory assessment which covered the topics ambition, implementation and governance.
VERBUND Climate Transition Plan – the path to net zero Short-term targets for 2030
Long-term targets for 2040
Long-term targets for 2050
Head of Group Finance and Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:
24.10.2024 CET/CEST This Corporate News was distributed by EQS Group AG. |
| Language: | English |
| Company: | VERBUND AG |
| Am Hof 6A | |
| 1010 Wien | |
| Austria | |
| Phone: | 0043-1-53113-52604 |
| Fax: | 0043-1-53113-52694 |
| E-mail: | |
| Internet: | |
| ISIN: | AT0000746409 |
| WKN: | 877738 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 2015467 |
| End of News | EQS News Service |
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2015467 24.10.2024 CET/CEST
