Vattenfall is deeply rooted in society, delivering energy to more than 10 million customers in Europe. We are one of Europe's largest generators of electricity and the largest producer of heat. Our 33,000 employees work to provide a stable supply of energy in a safe and responsible way. Making our operations more environmentally and socially sustainable is a crucial on-going effort.
Energy – essential for all
By offering a secure and stable energy supply, Vattenfall helps modern societies function. At the same time, all energy production impacts people and the environment. That is why sustainability is a key responsibility and opportunity for Vattenfall throughout all of our operations, from production and distribution to the sale of electricity, heat and gas.
Our challenge is to balance the need for a stable energy supply with the need for sustainable energy production.
- Security of supply: We must constantly meet demand. On-demand availability of electricity and heat is a given for Vattenfall's customers and other stakeholders.
- Climate and environment: We must meet expectations regarding environmental sustainability. This includes using renewable energy sources and becoming more resource-efficient.
- Competitiveness: We must deliver energy at a competitive cost. While prices are set by policy and market mechanisms, we must offer competitive costs to our customers across all markets.
Sustainability – a crucial part of our strategy
Becoming a more sustainable energy provider is a crucial part of Vattenfall’s strategy. This is a long-term commitment and we continuously take steps to improve our operations. Our strategy consists of three pillars:
- Enable sustainable energy use
- Deliver sustainable energy production and distribution
- Achieve sustainable financial performance
We have set ourselves targets that support this strategy:
- Reduce carbon emissions: We will reduce our carbon emissions from 94 million tonnes in 2010 to 65 tonnes by 2020.
- Grow in renewable energy generation: We will have a higher growth rate of installed renewable energy capacity than the market.
A third target, to become more energy-efficient, is currently being developed.