Primary Climate Goal
RWE's target annual all Scopes emissions for 2040 should be equal to 0 Kt = 0% * 114,500 Kt, according to the company's stated climate goal.
In order to achieve this goal, RWE would need to reduce its emissions at least by -6,361 Kt per annum over the period from 2023 to 2040:
-6,361 Kt = ( 0 Kt - 114,500 Kt ) / (2040 - 2022)
This translates into a -5.6% reduction in 2023.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
RWE aims to achieve carbon neutrality for all Scopes by 2040
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
RWE reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 92,400 Kt (+2,800/+3.1% y-o-y). At the sime time, carbon intensity decreased to 2,282 t (-796 /-25.9% y-o-y).
RWE's Scope 3 emissions decreased to 22,100 Kt (
The company is committed to achieving carbon neutrality for all Scopes by 2040, which translates into the estimated reduction of -6,361 Kt per annum over the period of FY2023 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
RWE aims to achive carbon neutrality across its entire value chain (all Scopes) in 2040. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.
RWE also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. RWE AG commits to reduce scope 1 and 2 GHG emissions 50% per kWh by 2030 from a 2019 base year*. RWE AG commits to reduce absolute scope 3 scopes GHG emissions 30% by 2030 from a 2019 base year.*The target boundary includes biogenic emissions and removals from bioenergy feedstocks as well as emissions from electricity purchased and from non-controlled assets.