Climate

Environmental responsibility

Climate change

539 ��Ƴ�ʽ is aiming to be a leader in the climate transition by enabling fossil freedom as a profitable energy business. This means aligning and adapting our business in accordance with what is required to limit global warming to 1.5 °C in line with the Paris Agreement.

For 539 ��Ƴ�ʽ, this requires a dual approach of decarbonising our own operations and supply chain, while simultaneously investing in solutions for a fossil-free energy system.

539 ��Ƴ�ʽ’s transition plan is based on:

Securing a fossil-free energy supply
Connecting and optimising the energy system
Driving decarbonisation with our customers and partners

Climate transition plan

At 539 ��Ƴ�ʽ, our goal is to help society break free from its dependency on fossil fuels, and we are committed to building a future where everyone can choose fossil-free ways to move, make and live.

Climate transition plan

Targets and metrics

Our emission reduction targets are guided by science and in line with 1.5 °C scenario. The targets have been approved by the Science Based Target initiative.

In short, this means 539 ��Ƴ�ʽ aims to:

Reduce emissions intensity in our operations by more than 77% by 2030 compared to 2017.
Reduce absolute emissions from use of sold products from sold fossil fuels 54,6% by 2030 compared to 2017.
Reduce emission intensity from all sold electricity by 78% by 2030 compared to 2017.
Reach net-zero by 2040 – which means at least a 90% reduction in absolute emissions across all emission scopes. Any residual emissions will be neutralised by permanently removing CO₂ from the atmosphere.

Climate change adaptation

Climate change affects 539 ��Ƴ�ʽ – through physical effects on our assets and operations, for example from extreme weather events, or through changes associated with the transition to a fossil-free society. We are committed to our goal of fossil freedom and have a high focus on adapting to change, as a way to ensure safe operations and security of supply. This also enables us to secure a resilient business and capture future opportunities.

Our focus areas for climate change adaptation are the following:

Strengthen the long-term perspective in risk identification and assessment.
Continuously work to strengthen grids and infrastructure to increase preparedness.
Explicitly include climate change aspects (risks and opportunities) early in decision-making, especially for new investments and asset builds.

Other emissions and pollution

Additionally, to our work to reduce our climate impact, we aim to reduce our NO_x, SO₂ and dust emissions. Here we strive to minimise impacts via the use of secondary measures such as electrostatic precipitators or filter bags (particulates), flue gas desulphurisation (SO₂) and DeNOx (NO_x) to clean gas.