- Significantly lower electricity prices in Europe compared to 2022 (average 60% lower)
- Lower volumes from hydro power and lower availability for nuclear power
- Negative contribution from price hedges on the Continent
- Lower electricity prices both in the Nordics and on the Continent
- Reduced price area differences compared to 2022
- Temperature effects impacting sales volume
- Delayed restart of Ringhals 4 and lower availability of Forsmark 2 (nuclear power)
- Sale of the Magnum gas-fired power plant in the Netherlands
- Temporary reduction in the electricity grid fee during the period 1 July–31 December 2023
Vattenfall AB (publ)
Greenhouse gas emissions & sustainability report data
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.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 9.5 Mt CO2e |
| 2021 | 10.4 Mt CO2e (own operations) |
| 2019 | 19.3 Mtonnes |
| 2018 | 22.0 Mtonnes |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Vattenfall's goal of net-zero emissions by 2040 has been approved by the Science Based Targets initiative
- Sale of Berlin heat business to the State of Berlin, ensuring responsible operation with a focus on reduced carbon dioxide emissions.
- Continued progress on Vattenfall’s district heating project near Edinburgh, UK, providing low carbon heat to 3,000 homes, schools and retail buildings.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Customer engagement, absolute Net Promoter Score (NPS) +18
📅 Medium-term
- CO2 emissions intensity ≤86 gCO2e/kWh
- Funds from operations (FFO)/adjusted net debt 22%–27%
- Return On Capital Employed (ROCE) ≥8%
- Lost Time Injury Frequency (LTIF) ≤1.0
- Employee Engagement Index ≥75%
🔭 Long-term
- Net-zero emissions by 2040
🌱 ESG Focus Areas
Driving decarbonisation with our customers & partnersSecuring a fossil-free energy supplyDelivering high-performing operationsEmpowering our people