Sustainability

Scatec’s strategy focuses on transitioning from fossil fuels to reduce greenhouse gas emissions. Moving towards a decarbonised society is a key opportunity, as global electricity consumption is expected to rise between 2020 and 2050. Our renewable energy projects help lower emissions from fossil fuel-based electricity. Embracing climate-related opportunities driven by regulatory changes and growing renewable energy demand is central to our strategy. However, we acknowledge potential physical risks from extreme weather and transitional risks from increased regulation and market shifts. Intensifying climate ambitions may also lead to increased competition impacting prices. To address these challenges, our Net Zero Roadmap outlines five initiatives aimed at achieving net-zero emissions by 2040.

Utility-scale renewable energy projects can impact the environment by degrading habitats, reducing resources, and transforming ecosystems, which affects biodiversity. Scatec aims to implement measures to minimise these impacts and restore biodiversity, ensuring sustainable management and conservation for future generations.

Renewable energy projects necessitate significant resource investments for their construction. Given that power purchase agreements (PPAs) can extend up to 30 years, these projects must be meticulously designed and managed to ensure sustained performance and proper decommissioning. Additionally, it is imperative to responsibly decommission these projects at the end of their lifecycle to mitigate or minimise waste and its environmental impact.

Scatec thrives on a skilled, driven, and diverse team. Our mission is to provide affordable, clean energy globally through an ambitious vision of a better future. We value creativity, innovation, and global collaboration. Scatec’s HSSE vision is built on teamwork to achieve zero harm.

We aim to maintain a responsible supply chain and focus on our value chain as part of our sustainability efforts. We monitor and report on key ESG risks and performance, and select suppliers with strong sustainability practices. We respect and protect all internationally recognised human rights, strive for zero harm to contractors’ personnel, materials, and the environment, and prepare for emergencies to minimise impacts.

Throughout our operations, we place significant emphasis on the human rights that may be affected and on protecting vulnerable groups. We maintain continuous communication with local communities regarding our projects and their potential impacts. Additionally, we implement long-term development programmes and contribute to local job creation and skills transfer.

The renewables industry is driven by those who envision a better future. However, many countries we work in face corruption challenges. We rigorously work to prevent unethical practices, maintain zero tolerance for bribery and corruption, and uphold high business ethics standards.