Corporate News

ENCAVIS publishes first Corporate Carbon Footprint (CCF)


Hamburg, March 24, 2022 - The SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) has calculated its initial Corporate Carbon Footprint, together with independent industry experts. In the future, the Group plans to provide information on its Carbon Footprint every year.

The Intergovernmental Panel on Climate Change (IPCC) reiterated earlier this month how urgent action is needed today to limit global warming to a maximum of 1.5 C: politicians, companies and citizens alike are called upon to mitigate global warming.

Encavis is taking responsibility and, for the first time, has calculated its Carbon Footprint for the 2020 financial year in accordance with the Greenhouse Gas Protocol methodology standard, known as the Corporate Carbon Footprint (CCF), for Scope 1, 2 and 3. According to this, the greenhouse gas emissions of the entire Group amount to a total of 558,644 metric tonnes of CO₂e. In relation to the volume of electricity generated in 2020, the CO₂ footprint is therefore 156 metric tonnes of CO₂e per gigawatt hour (GWh) of electricity produced. The largest emissions driver, over 99%, are so-called Scope 3 emissions, which are mainly generated in the upstream supply chain through construction of wind and solar parks. These emissions are offset by savings: In the period under consideration, the Renewable Energy plants of the Encavis Group avoided a total of 950,200 tonnes of climate-damaging CO₂.

"By calculating our Corporate Carbon Footprint, we have created transparency so that we can now identify substantial savings potential in the coming months and initiate appropriate measures," Dr Dierk Paskert, CEO of Encavis AG underlines further goals for the future and adds: "However, we can only successfully solve the decarbonisation of our supply chain together with our project partners."

About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from renewable energies listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in eleven European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity currently adds up to about 3.2 gigawatts (GW), which corresponds to a total saving of 1.4 million tonnes of CO₂ per year. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.

Encavis is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with "A" and ISS ESG with their "Prime" label.

Additional information can be found on www.encavis.com

Contact:
Encavis AG
Tanja Van den Wouwer
Head of Sustainability & Communications
Tel.: + 49 40 37 85 620
E-Mail: [email protected]