Verbund AG 2020 AR2
The report highlights VERBUND AG's performance and sustainability initiatives for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the company successfully maintained a secure electricity supply in Austria while advancing its decarbonization strategy. Notably, VERBUND phased out hard coal generation at its Mellach district heating plant in March 2020, achieving 97% of its electricity generation from renewable sources like hydropower, wind, and solar. The company also established a new Sustainability Committee within its Supervisory Board and published its first-ever Climate Report. Financially, VERBUND reported a net profit of ’260.6m and continued to invest in green hydrogen, electromobility, and digital hydropower technologies.
Company: Verbund AG
Sector: Utilities
Country: Austria
Year: 2020
Type: AR2
Pages: 106
Verbund AG
Annual Report
The report highlights VERBUND AG's performance and sustainability initiatives for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the company successfully maintained a secure electricity supply in Austria while advancing its decarbonization strategy. Notably, VERBUND phased out hard coal generation at its Mellach district heating plant in March 2020, achieving 97% of its electricity generation from renewable sources like hydropower, wind, and solar. The company also established a new Sustainability Committee within its Supervisory Board and published its first-ever Climate Report. Financially, VERBUND reported a net profit of ’260.6m and continued to invest in green hydrogen, electromobility, and digital hydropower technologies.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Net Zero Target
Employees