- High inflation and interest rates, weak global economy, and uncertain geopolitical situation.
- Drop in wholesale electricity prices.
- Rising costs for some competitors' renewables projects.
- Supply chain pressures in the energy industry.
- Potential trade embargoes or import duties.
RWE AG
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, RWE AG disclosed greenhouse gas emissions of 60.6 million mt CO2e. By scope: Scope 1: 61.9 million mt CO2e; Scope 2: 0.2 million mt CO2e; Scope 3: 21.6 million mt CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
60.6 million mt CO2e
2023
Renewable Energy
35% of total electricity generated
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 61.9 million mt CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.2 million mt CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 21.6 million mt CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 60.6 million mt CO2e |
| 2022 | 83 million metric tons of CO2 (2022) |
| 2021 | 86.9 million mt CO2e |
| 2019 | 87.1 million metric tons of CO2 (EU ETS) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon dioxide emissions by 27% to 60.6 million metric tons compared to 2022.
- Generated more electricity from renewables (35%) than coal (30%) for the first time in company history.
- Increased renewable energy generation capacity significantly, primarily due to the acquisition of Con Edison Clean Energy Businesses.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Phase out hard coal-fired power generation by 2030.
- Increase offshore wind capacity to 6 GW by 2027 and 10 GW by 2030.
- Increase onshore wind portfolio to 12 GW by 2027 and 14 GW by 2030.
- Increase solar portfolio to 12 GW by 2027 and 16 GW by 2030.
- Increase battery storage capacity to 4 GW by 2027 and 6 GW by 2030.
📅 Medium-term
- Reduce total Scope 1 and 2 emissions by 67.6% and Scope 3 emissions by 42% by 2030 (base year 2022).
- Achieve a recycling rate of over 90% in core business by 2030.
- Increase the proportion of women in management positions to 30% by 2030 (core business).
🔭 Long-term
- Achieve net-zero emissions by 2040.
- Maximize circularity by 2050.
🌱 ESG Focus Areas
Climate changeBiodiversityCircular economyDiversity, equity and inclusionOccupational health and safetySocial responsibilityCompliance and ethicsSustainable investmentsHuman rights