RWE

RWE has an SBTi-validated net-zero target by 2040, covering Scope 1, Scope 2 and Scope 3 emissions across the value chain. The report states that RWE’s near-term and long-term GHG reduction targets were validated by SBTi in December 2024 and are aligned with the 1.5°C pathway. RWE plans to use carbon credits only for remaining residual emissions required to reach net zero in 2040.

By 2030, RWE aims to reduce Scope 1 and 2 GHG emissions from power generation by 71.1% per MWh versus the 2022 baseline. It also aims to reduce Scope 1 and 3 emissions from all electricity sales by 71.1% per MWh, and reduce remaining absolute Scope 3 emissions by 42% by 2030.

RWE discloses Scope 1, Scope 2 and Scope 3 emissions. In 2025, Scope 1 emissions were 51.89 MtCO₂e, while Scope 2 emissions were 0.22 MtCO₂e. Scope 3 emissions were 19.5 MtCO₂e, down 10.6% year-on-year, mainly due to lower Category 11 “Use of sold products” emissions and reduced gas sales to industrial and commercial customers.

RWE’s strategy is centred on renewables, storage, flexible generation and hydrogen, while phasing out coal by 2030. The report states that RWE aims to bring 95% of capital expenditure in line with the EU Taxonomy by 2030 and continues expanding renewables. Its Offshore Wind segment is a dedicated reporting segment overseen by RWE Offshore Wind. Externally, RWE lists major offshore wind construction projects including Sofia 1.4 GW, Thor 1.1 GW, Nordseecluster 1.6 GW, and OranjeWind 795 MW.

RWE reported Scope 1+2 carbon intensity of 0.43 tCO₂e/MWh in 2025, down from 0.46 tCO₂e/MWh in 2024, representing a 6.9% decline. RWE’s CO₂ emissions from power stations fell from 52.6 Mt in 2024 to 50.8 Mt in 2025, and specific power-station emissions fell from 0.447 t/MWh to 0.415 t/MWh.

RWE’s total Scope 1, 2 and 3 emissions declined by 5.1% year-on-year in 2025. Scope 1 emissions fell by 2.5%, mainly due to closure of further lignite-fired capacity, while Scope 3 emissions fell by 10.6%. Against its 2022 baseline, RWE reports Scope 3 emissions of 19.5 MtCO₂e in 2025 versus a 22.2 MtCO₂e baseline, equivalent to a 12.1% cumulative reduction.

RWE provides strong quantitative EU Taxonomy disclosure. In 2025, taxonomy-aligned CapEx was €11.115bn, representing 94% of total CapEx, and taxonomy-aligned revenue was €5.036bn, representing 29% of total revenue. Total CapEx was €11.887bn, and total revenue was €17.628bn. RWE does not report taxonomy-eligible or aligned OpEx shares because it considers OpEx immaterial from a capital-market perspective.

RWE reports detailed water KPIs in the supplementary sustainability report. In 2025, total water withdrawal was 4,325 million m³, total water discharge was 4,238 million m³, and total water consumption was 87 million m³. Specific water consumption was 0.71 m³/MWh, down from 0.81 m³/MWh in 2024 and 1.21 m³/MWh in 2023. RWE also aims to reduce specific water consumption by 40% by 2030 versus the 2022 baseline and reports CDP Water Security B.

RWE has strong asset-level offshore wind evidence. Major projects include Sofia 1.4 GW in the UK, located on Dogger Bank and designed as one of RWE’s largest current offshore wind projects; Thor 1.1 GW in Denmark; Nordseecluster 1.6 GW in Germany; and OranjeWind 795 MW in the Netherlands with TotalEnergies. Official RWE project information also states that Nordseecluster will be built in phases and is expected to generate enough electricity for around 1.6 million homes.

RWE has strong Group-level biodiversity management and some OSW-relevant evidence. The Annual Report states that RWE identifies biodiversity impacts using SBTN guidance, the TNFD LEAP approach, IBAT and WWF Biodiversity Risk Filter. It also applies environmental impact assessments and mitigation hierarchy measures for new assets, including offshore wind farms. However, the uploaded report does not provide as much project-specific marine ecology detail as Vattenfall’s Hollandse Kust Zuid or Iberdrola’s Baltic Eagle examples.

RWE has a clear biodiversity ambition: from 2030 onwards, all new assets should make a net-positive contribution to biodiversity. The report states that RWE’s net-positive approach focuses on improving habitats, increasing species population size, boosting biodiversity and reducing extinction risks.

RWE has strong wind-specific circularity evidence. It aims to transition towards a fully circular business model by 2050 and has set circular economy as a key strategic priority. For wind assets, it is testing blade reuse and recycling options, participates in the BladeReUse project, and has used Siemens Gamesa recyclable blades. RWE installed recyclable blades at Kaskasi, installed recyclable blades on more than half of Sofia’s 100 turbines, and plans to use 40 sets of recyclable rotor blades at Thor. The report also states that 75% of offshore wind farm overhaul component orders used refurbished components in 2025.

RWE has strong OSW-relevant low-carbon materials evidence. The report states that RWE is analysing more environmentally friendly steel, concrete, low-carbon polysilicon and glass. At the Thor offshore wind farm, RWE is using Siemens Gamesa GreenerTowers for 36 wind turbines, with tower steel that emits on average 63% less CO₂ than conventional steel. RWE is also using material-reduced onshore foundations that can cut concrete volumes by up to 20% and reduce reinforcing steel weight by up to 11%. Official Thor project information also confirms that 36 of 72 turbines will use lower-carbon steel towers and that 40 turbines will use recyclable rotor blades.

RWE has robust supplier governance and human-rights due diligence evidence. Suppliers are expected to follow the RWE Code of Conduct and undergo risk assessments. In 2025, RWE continued systematic human-rights risk analysis across the Group and supply chain. Potential suppliers undergo ESG screening covering environmental protection, human rights, health and safety, labour rights and responsible supply-chain practices. RWE’s target is 100% adoption of contracts with suppliers including Code of Conduct and human-rights clauses, and this target was reached in 2025. The ESG assessment target for business partners involved in fuel procurement also reached 100%.

RWE’s Group Sustainability Statement is prepared in full accordance with ESRS / CSRD, and financial-market-relevant ESG KPIs are subject to limited assurance under ISAE 3000 revised. The report also states that governance includes Supervisory Board oversight, ESG-linked Executive Board remuneration, a sustainability internal control system and a human-rights due diligence system. Externally, RWE reports ratings including MSCI AAA, Sustainalytics 24.2, Moody’s ESG Solutions 62/100, and EcoVadis information on its official ratings page