The rating agency ISS ESG assesses the sustainability of companies with regard to environmental, social and corporate governance issues. These ratings are public here, where available. In addition, the company can voluntarily provide information and refer to research, reports and ratings from others.
E.ON SE
ISIN: DE000ENAG999 | WKN: ENAG99 | Symbol: EOAN | Type: Equity
Infos for Sustainability
ESG Profile
About E.ON or E.ON SE
E.ON is an investor-owned energy company with approximately 74,600 employees led by Corporate Functions in Essen.
The E.ON Group is one of Europe's largest operators of Energy Networks and Energy Infrastructureand a provider of innovative customer solutions for approx. 47 million customers. Thus, we are decisively driving forward the energy transition in Europe and are committed to sustainability, climate protection, and the future of our planet.
Ambitious: The goals we have set for ourselves
As an international company with a strong focus on supply-relevant energy infrastructure, we bear a great responsibility for the world we live in – both today and tomorrow. That's why we are consistently committed to the sustainable development of the energy world. We do this by making energy cleaner and smarter and giving all our customers access to a sustainable supply of electricity and heat.
Our climate is rapidly changing due to greenhouse gas emissions. In Germany, more than 70 percent of these emissions are energy-related. That's why E.ON, more consequently than other energy companies, has fundamentally reinvented itself. Today, we're focused on using our businesses to drive the decarbonization of the energy world. We're determined to combat climate change, improve people's lives, and create a livable future.
We want to further reduce those emissions we can directly influence and become climate neutral by 2040. To achieve this, we will reduce our own emissions (Scope 1 and 2) by 75 percent by 2030 and 100 percent by 2040 compared to 2019. We aim to reduce emissions at our customers (Scope 3) by 50 percent by 2030 and 100 percent by 2050 compared with 2019. In May 2022 the Science Based Target initiative (“SBTi”) confirmed that E.ON’s climate targets are consistent with the Paris Agreement’s 1.5°C target.
We protect the health and safety of our customers and employees. "Mission ZERO" means avoiding fatalities at all costs. To this end, we have been a signatory of the UN Guiding Principles on Business and Human Rights since 2005. We support society and authorities in eliminating exploitative labor in supply chains. We promote diversity and inclusion. We aim to increase the proportion of female managers to 32 percent. This corresponds to the overall share of female employees at E.ON.
You can find more information in our Sustainability on our website Sustainability to shape a new energy world | E.ON (eon.com).
Reporting
Sustainability is the centerpiece of E.ON’s strategy and—in every dimension—will be the standard for our future actions. An integrated report provides our stakeholders with a holistic and transparent view of our financial, environmental, and social performance.
If you want to find out more on E.ON’s transition to a net-zero carbon world take a look at our supporting paper for E.ON’s decarbonization strategy and climate-related aspects which also addresses our TCFD disclosures.
The E.ON Climate Advocacy and Associations Report provides an overview on our responsible lobbying approach, the platforms and organisations we are part of, and the four key positions we take in our efforts towards the energy transition: E.ON fully supports the Paris Agreement, the EU Climate Ambition Fit-for-55-Package, the EU approach to sustainable finance, and carbon pricing. Being clear on those, we analysed whether the initiatives we take part in support our perspectives: We listed 56 initiatives, organisations and associations, compared their positions to ours, and evaluated whether these are aligned, partially (mis)aligned, misaligned – or whether there is no position. As a result, we found a total of five misalignments to our positions within three associations.
E.ON’s Green Bond Reporting discloses detailed information on our activities and achievements and our calculation approach for avoided emissions.The energy world is steadily becoming more distributed, digital, and decarbonised. E.ON has decided to issue Green Bonds to finance and / or refinance projects related to Renewable Energy, Energy Efficiency and Clean Transportation which fits perfectly to E.ON’s core businesses and sustainable strategy.
Research
_______________________________________________________________
E.ON Energy Research Center at RWTH Aachen University
E.ON continues to take part in research projects at universities and research institutions. The purpose is to develop the technologies, systems, and approaches that will make it possible to meet the needs of tomorrow’s energy world. Our flagship partnership is with the E.ON Energy Research Center at RWTH Aachen University. Its research has an interdisciplinary approach and focuses mainly on distributed generation, smart grids, and efficient building technologies.
ISS ESG Ratings*
| ESG Rating Overall | C+ |
| Environmental Rating | C+ |
| Social Rating | C+ |
| Governance Rating | B+ |
| ESG Rating Decile Rank | 3 |
| ESG Performance Score | 57.09 |
| ESG Corporate Rating Prime Status | Yes |
| SDG Impact Rating Overall | 2.716 |
| Disclaimer: All rights in the information provided by Institutional Shareholder Services Inc. and its affiliates (ISS) reside with ISS and/or its licensors. ISS makes no express or implied warranties of any kind and shall have no liability for any errors, comissions or interruptions in or in connection with any data provided by ISS. | |
| *Data provided by ISS ESG | |
Rating
| CDP | Score: A Rating E.ON is among the top 2% of organizations assessed by CDP |
| FTSE Russel | Score: 3.5 Higher than the utilities sector average (2.7) and the multi-utilities subsector average (2.9) |
| ISS ESG | Score: B- (Prime) Improvement from our last rating (C+) |
| MSCI | Score: AA rating Ratings range from CCC to AAA |
| Sustainalytics | Score: 17.6 Low Risk Level. Our rank in the Multi-Utilities subindustry is 4 out of 101 |
Deutsche Börse 
