EU taxonomy

The European Commission announced a clear-cut target in the Green Deal: Europe is to become the world’s first climate-neutral continent by 2050. How to go about achieving climate neutrality is one of the central questions facing companies today. A key building block here is the EU Taxonomy, a common classification system for sustainable business activities. The Taxonomy was proposed in the EU Sustainable Finance Action Plan and developed by the Technical Expert Group on Sustainable Finance (TEG). We regard it as an important and groundbreaking development.
In line with our sustainable corporate strategy, we decided to move early this year by including some of the disclosures required in future by the Taxonomy Regulation in our integrated annual report, even though those disclosures are not yet mandatory. We share our experience in implementing the taxonomy in a detailed supplementary report. In doing so, we aim to contribute to the onward implementation of the Taxonomy and support other companies in the process.

Thomas Kusterer, CFO

Thomas Kusterer, CFO EnBW
EU-taxonomy activities
Icon Klimaschutz

Climate change mitigation

Icon Anpassung Klimawandel

Climate change adaption

Icon Wasser mit Kraftwerk

Sustainable use and protection of water and marine resources

Icon Kreislauf

Transition to a circular economy

Icon Industrie

Pollution prevention and control

Icon Umwelt

Protection and restoration of biodiversity and ecosystems

EU taxonomy business activities
Environmentally sustainable revenue, opex, capex and adjusted EBITDA from business activities in the Grids segment¹
in € million
2020
2019
in € million
Revenue
in € million
Grids segment
2020
3,658
2019
3,460
in € million
of which environmentally sustainable in € million / in %
2020
2,506 / 69
2019
2,376 / 69
in € million
Opex
in € million
Grids segment
2020
1,122
2019
1,039
in € million
of which environmentally sustainable in € million / in %
2020
692 / 62
2019
623 / 60
in € million
Capex
in € million
Grids segment
2020
1,407
2019
1,231
in € million
of which environmentally sustainable in € million / in %
2020
975 / 69
2019
778 / 63
in € million
Adjusted EBITDA
in € million
Grids segment
2020
1,347
2019
1,355
in € million
of which environmentally sustainable in € million / in %
2020
987 / 73
2019
960 / 71
Environmentally sustainable revenue, opex, capex and adjusted EBITDA from business activities in the Renewable Energies segment²
in € million
2020
2019
in € million
Revenue
in € million
Renewable Energies segment
2020
1,044
2019
653
in € million
of which environmentally sustainable in € million / in %
2020
1,007 / 96
2019
631 / 97
in € million
Opex
in € million
Renewable Energies segment
2020
193
2019
172
in € million
of which environmentally sustainable in € million / in %
2020
181 / 94
2019
165 / 96
in € million
Capex
in € million
Renewable Energies segment
2020
597
2019
1,406
in € million
of which environmentally sustainable in € million / in %
2020
547 / 92
2019
1,315 / 94
in € million
Adjusted EBITDA
in € million
Renewable Energies segment
2020
836
2019
499
in € million
of which environmentally sustainable in € million / in %
2020
824 / 99
2019
476 / 95
Environmentally sustainable revenue, opex, capex and adjusted EBITDA of the EnBW Group
in € million
2020
2019
in € million
Revenue
in € million
Group
2020
19,694
2019
19,436
in € million
of which environmentally sustainable in € million / in %
2020
3,513 / 18
2019
3,007 / 15
in € million
Opex
in € million
Group
2020
3,417
2019
3,234
in € million
of which environmentally sustainable in € million / in %
2020
874 / 26
2019
788 / 24
in € million
Capex
in € million
Group
2020
2,526
2019
3,168
in € million
of which environmentally sustainable in € million / in %
2020
1,521 / 60
2019
2,093 / 66
in € million
Adjusted EBITDA
in € million
Group
2020
2.781
2019
2.433
in € million
of which environmentally sustainable in € million / in %
2020
1.811 / 65
2019
1.436 / 59

Environmentally sustainable activities of EnBW in relation to the Group as a whole in 2020:

Environmentally sustainable revenue
0 million
This corresponds to a share of 0%
Environmentally sustainable capex
0 million
This corresponds to a share of 0%
Environmentally sustainable opex
0 million
This corresponds to a share of 0%
Environmentally sustainable adjusted EBITDA
0 million
This corresponds to a share of 0%

The full progress report on implementation is available here:

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