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Sustainable development

Vattenfall's Annual and Sustainability Report 2022 Highlights Focus on Energy Transition and Customer Support

Strategic Insights

— 1 min read

As the global energy market continues to face uncertainty, Vattenfall's 2022 Annual and Sustainability Report highlights the company's commitment to supporting customers and driving the energy transition. Despite challenging economic conditions, Vattenfall has attracted 400,000 new customers, maintaining its focus on reducing carbon emissions and increasing investments in renewable energy. The report showcases the company's progress in achieving a sustainable future, with notable achievements in reducing CO2 emissions and investing in wind power and the electricity grid.

Key Takeaways:

  • Vattenfall has added 400,000 new customers, demonstrating its appeal in uncertain times.
  • The company has reduced CO2 emissions from its own operations by 51 percent between 2017 and 2022.
  • 31 billion was invested in 2022, with 90 percent aligned with the EU taxonomy regulation.
  • Wind power accounted for 54 percent of investments, the electricity grid 18 percent, and nuclear power 6 percent.
  • The capacity of renewable electricity is now 4.5 GW, a 1.2 GW increase since 2017.
  • 92.6 TWh of fossil-free electricity was generated in 2022.
  • Vattenfall's CEO, Anna Borg, emphasizes the need for collective action to accelerate the energy transition.

Statistics:

  • CO2 emissions from Vattenfall's own operations were reduced by 51 percent between 2017 and 2022.
  • 31 billion was invested in 2022, with 90 percent aligned with the EU taxonomy regulation.
  • Wind power accounted for 54 percent of investments, the electricity grid 18 percent, and nuclear power 6 percent.
  • The capacity of renewable electricity is now 4.5 GW, a 1.2 GW increase since 2017.
  • 92.6 TWh of fossil-free electricity was generated in 2022.

Sources:

  • Vattenfall's Annual and Sustainability Report 2022: Vattenfall ASR 2022 (https://group.vattenfall.com/siteassets/corporate/investors/annual-reports/2022/vattenfall-annual-and-sustainability-report-2022.pdf)
  • Vattenfall Press Release, March 29: Vattenfall issued the following news release in 2022, highlighting the company's response to the energy market challenges and its continued investment in renewable energy.

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