E.ON

Electric Utilities

EOAN.DE

€ 10 (1.1)%

Share price

$ 27 bn

Market Cap

$ 64 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

4.2x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -5.1% weighted average for S&P 500

FY2022

E.ON aims to reduce Scope 1 + 2 by 75% by 2030 from a base year 2019

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.3% weighted average for S&P 500

FY2022

E.ON aims to reduce Scope 3 by 30% by 2030 from a base year 2019

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

E.ON reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 7,610 Kt (-800 /-9.5% y-o-y). Also positively, carbon intensity declined to 83 t (-35 /-29.6% y-o-y).

E.ON's Scope 3 emissions was down at 100,380 Kt (-7,580 /-7% y-o-y). The decline accelerated compared to the CAGR of -5.8% since 4Q'19.

The company is committed to reducing Scope 1 + 2 by 75% by 2030 from a base year 2019, which translates into the estimated reduction of -601 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -1,799 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	7,610	3,710	3,900	100,380	91,814	83
2020Q4	8,410	3,920	4,490	107,960	71,362	118
2019Q4	8,800	3,980	4,820	120,270	45,860	192
2018Q4	7,470	4,580	2,890	61,310	34,754	215
2017Q4	7,900	4,530	3,370	71,020	42,103	188
2016Q4	8,730	5,370	3,360	74,020	42,070	208
2015Q4	83,680	79,990	3,690	116,510	47,780	1,751