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 Net Zero 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, a German energy company, has set a net-zero target for 2040 or earlier, which has been certified by the Science Based Target initiative (SBTi). The company pledges to achieve a remarkable reduction of over 80% in energy industry Scope 1 emissions by 2030, aiming for an emissions level below 0.5 million tonnes. Additionally, it targets to becoming climate neutral by 2040 and to reach climate positivity, at the latest, from 2040 onwards. The company plans to reduce its CO2 exposure and minimise potential climate-related risks while offering green products and services. As an energy company, MVV Energie is subject to statutory CO2 pricing, including the EU Emissions Trading System and the German Emissions Trading Act. MVV Energie's latest filings mentioned the keywords 'Renewable' and 'Emissions' most number of times in relation to 'Net Zero'. In 2022, the company reported 3,647 thousand tonnes of CO2 emissions under scope 1, 147 thousand tonnes of CO2 under scope 2, and 5,072 thousand tonnes of CO2 under scope 3.
MVV Energie's proprietary electricity and heat generation from renewable energies accounted for around 32% and 39% of its total electricity and heat generation volumes, respectively, at the end of the 2022 financial year. The company has taken steps to transform its CHP-operated district heat supply to provide customers with a supply of 100% green energy. MVV Energie has also installed more than 200 charging points for electric vehicles in Mannheim and the region since early summer 2019.
To achieve its net-zero targets, MVV Energie is working to an increasing extent with renewable and to a decreasing extent with conventional energies. The company is relying on a variety of energy sources and technologies and is smartly combining renewable energies with highly efficient, flexible, and controllable power plants and suitable energy storage facilities that generate electricity with conventional fuels. The company is also investing in the enhanced flexibility, decentralisation, and storage of energy.
In conclusion, MVV Energie has set a net-zero target for 2040 or earlier and is taking steps to reduce its carbon emissions and has already achieved a significant share of its proprietary electricity and heat generation from renewable energies. MVV Energie is investing in the enhanced flexibility, decentralisation, and storage of energy to achieve its net-zero targets.
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GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.
