RWE

Electric Utilities
RWE.DE
€ 40 (1.3)%
Share price
$ 26 bn
Market Cap
$ 34 bn
Enterprise Value

Carbon footprint

2,624 Ton
GHG emissions per $ 1 mln investment
65x the weighted average for S&P 500
FY2021
How is this calculated?
+22%
YOY change in GHG emissions
Stronger than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

RWE aims to achieve carbon neutrality for all Scopes by 2040


This target has not been verified as science based according to SBTi
RWE's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

RWE's GHG emissions (location-based) (Kt of CO2e)
RWE's Carbon intensity (Tons per 1 USDm)

RWE's carbon footprint

RWE reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 89,600 Kt (+16,300/+22% y-o-y). At the sime time, carbon intensity declined to 3,078 t (-1,495 /-32.7% y-o-y).

RWE's Scope 3 emissions grew to 22,700 Kt (+2,800/+14% y-o-y). The time series has been volatile over the last few periods.

The company is committed to achieving carbon neutrality for all Scopes by 2040, which translates into the estimated reduction of -5,911 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

The company is committed to reducing Scope 3 by 30% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

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.

Company environmental metrics

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