50g CO2/kWh
CARBON INTENSITY
50%
DEPLOYMENT RATE OF THE FRAMEWORK GUIDELINES ON CARBON OFFSETTING SOLUTIONS
100%
DEPLOYMENT RATE OF CLIMATE CHANGE ADAPTATION PLANS
11.4Mt
OF AVOIDED CO2 EMISSIONS
In the first section of its sixth assessment report published in August 2021 (1), the Intergovernmental Panel on Climate Change (IPCC) established that the warming of the atmosphere, oceans, and land observed since 1750 is “unequivocally” caused by human activities. Confirming the conclusions of the 2018 special report on global warming of 1.5°C (2), the IPCC calls for a swift, durable, significant reduction in CO2 and other greenhouse gas emissions and achievement of net zero anthropogenic CO2 emissions to stabilise the human-caused increase in global temperatures.
The EDF group is committed to combating climate disruption and to playing its role to the full in this respect. It has aligned its ambitions with the Paris Climate Agreement, the aim of which is to keep global warming well below 2°C, preferably at 1.5°C, compared to pre-industrial levels.
The Group’s CO2 emission reduction trajectory has been validated by Science Based Targets. The EDF group has set up dedicated governance, in accordance with best practices as recommended by the Taskforce on Climate related Financial Disclosure (TCFD) (3)
The Group’s climate strategy, aligned with its CAP 2030 strategy, is accompanied by four CSR commitments: an ambitious carbon trajectory, solutions to contribute to carbon sinks, adaptation to climate change, and the development of innovative energy practices and services. These commitments, together with reinforced climate governance for the Group, form the EDF group’s climate transition plan, adopted at the May 2022 Shareholders’ Meeting with a majority of 99.87%.
The EDF group is engaged in an accountability process focusing on the 10 Recommendations by the United Nations High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities (UN HLEG) (4).
(1) Climate change 2021: scientific components. Contribution of Working Group I to the sixth assessment report of the French Intergovernmental Panel on Climate Change (IPCC), August 2021.
(2) Impacts of global warming of +1,5°C and related global greenhouse gas emission trajectories, special report by the French Intergovernmental Panel on Climate Change (IPCC), October 2018.
(3) See also the EDF group press release of 10 December 2020.
(4) Report from the United Nations High-level Expert Group on the net zero emissions commitments of non-state entities, integrity matters: net zero commitments by businesses, financial institutions, cities and regions (2022): un.org/sites/un2.un.org/files/high-level_expert_group_n7b.pdf
50g CO2/kWh
CARBON INTENSITY
50%
DEPLOYMENT RATE OF THE FRAMEWORK GUIDELINES ON CARBON OFFSETTING SOLUTIONS
100%
DEPLOYMENT RATE OF CLIMATE CHANGE ADAPTATION PLANS
11.4Mt
OF AVOIDED CO2 EMISSIONS
EDF, the world’s number one producer of direct CO2 emissions-free electricity
According to the IPCC, electricity production technologies can be classified in one of two categories:
According to the most recent rankings by ENERDATA (2), the EDF group is the world’s leading producer of electricity free from direct CO2 emissions, in particular due to the size of its hydro and nuclear power fleets, which in 2021 produced 476TWh of electricity without direct CO2 emissions.
In line with its raison d’être, which aims to build a net zero energy future, the EDF group has set itself the goal of becoming carbon-neutral across all its business lines by 2050.
This goal includes greenhouse gas emissions for the entirety of Scopes 1, 2 and 3 (3) and all geographies (4).
| Carbon neutrality by 2050 | Reducing greenhouse gas emissions to zero or virtually zero by 2050 |
|---|---|
| Reducing emissions as much as possible within the framework of national policies | |
| Implementing negative-emission projects to offset the Group’s residual emissions by 2050 |
Initiatives
(1) Does not include emissions relating to the fuel supply chain and the life cycle of other components of the production system.
(2) The annual benchmark for electricity producers: power-producers-ranking.enerdata.net/
(3) For definition of the three scopes, see section 3.6.3.5 “Further details on social, environmental and societal data from the Statement of non-financial performance”.
(4) For more details of the scope adopted, see the section on methodology, section 3.6.3.5. For definition of the three scopes, see section 3.6.3.5 “Further details on social, environmental and societal data from the Statement of non-financial performance”.