EnBW on CDP’s Corporate A List for climate change mitigation
Karlsruhe. The global nonprofit organization CDP (formerly known as the Carbon Disclosure Project) has awarded EnBW Energie Baden-Württemberg AG (EnBW) an “A” rating for its commitment to climate change mitigation. The energy company has thus improved on its “Leadership” status (“A-”) from last year and is now included on the A List in the climate category. Out of more than 22,100 companies rated worldwide, only 34 German companies appear on the list of the best across all industries. In the water security category, EnBW has improved its rating from “B-” to “B” (“management” status). The annual CDP rating is the most comprehensive of its kind and is considered the international standard for environmental transparency.
Thomas Kusterer, Deputy CEO and CFO at EnBW: “CDP’s very good rating once again is both validation of our work and a motivation for us to continue on our decarbonization path. We have recently strengthened our climate change mitigation targets and want to achieve net zero in terms of our own emissions by no later than 2040. The very good rating also confirms that the capital required to transform the energy system is being invested with us in sustainable business activities.”
In the current survey, CDP takes into account EnBW’s recent successes in relation to the expansion of renewable energy capacity, among other things. The company has recently increased this share to around 60 percent of total generation capacity. In the area of water security, the even more comprehensive reporting and EnBW’s efforts to reduce water consumption and wastewater volumes had a positive impact on the rating.
In 2025, EnBW reaffirmed its commitment to national and international climate change mitigation targets and broadened its decarbonization path to include a net zero target for all corporate emissions. The company wants to reduce its direct and indirect emissions (Scopes 1 and 2) to net zero by 2040, and upstream and downstream emissions in the value chain (Scope 3) by no later than 2050. In its Net Zero Assessment, the rating agency Moody’s gave this clearly defined climate transition plan with a long-term reduction path a very good rating of “NZ-2” (advanced) and declared it to be in line with the 1.5°C target set out in the Paris Agreement.
EnBW is also ensuring transparency with its Climate Transition Plan, which was updated in 2025. The plan uses specific metrics and processes to detail how the company intends to achieve its climate change mitigation targets. The achievement of EnBW’s climate targets is dependent on corresponding political and regulatory framework conditions being met.
Further information on sustainability management and the Climate Transition Plan is available on EnBW’s website: Climate change mitigation targets
View EnBW’s latest ESG ratings: ESG ratings
About EnBW Energie Baden-Württemberg AG
With a workforce of some 30,000 employees, EnBW is one of the largest energy supply companies in Germany and Europe. Providing energy to some 5.5 million customers, EnBW serves all stages of the value chain, from generation and trading to grid operation and the sale of electricity, heat energy and gas. In the company’s transformation from a traditional energy provider to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transportation grids for electricity and gas, including hydrogen, are cornerstones of EnBW’s growth strategy and the focus of its investment spending. By 2030, EnBW plans gross investments of up to 50 billion euros, around 85 percent of which is earmarked for Germany. By then, around 80 percent of EnBW’s generation portfolio is to consist of renewable energies. The phase-out of coal is targeted for completion by the end of 2028, provided the framework conditions allow it. These are key milestones on the way to achieving the company’s internal net zero target for greenhouse gas emissions by 2040. The image campaign: Unsere Energie Bewegt Was