Enagas reduces emissions by 63% since 2014

Oil&Gas Materials 21 April 2021 10:12 (UTC +04:00)
Enagas reduces emissions by 63% since 2014

BAKU, Azerbaijan, Apr.21

By Leman Zeynalova – Trend:

Spanish Enagas has reduced its emissions by 63 percent since 2014, a figure that reinforces its firm commitment to the ecological transition and the goal of carbon neutrality by 2040, Trend reports citing the company.

This has been made possible by improving energy efficiency in the operation of the gas system. The company’s decarbonisation plan includes specific actions such as the renewal of turbochargers, self-generation and the incorporation of guarantees of 100 percent renewable origin.

Enagás already has a portfolio of 55 renewable gases projects (34 for green hydrogen and 21 for biomethane) in which it participates with more than 50 partners, with the potential to mobilise a total joint investment of about 6.3 billion euros. Furthermore, the company continues to submit renewable gases projects to the different calls for proposals opened by the Spanish Government.

As a result of its commitment in the field of environmental, social and corporate governance (ESG) criteria, Enagás has maintained its leading position on the main sustainability indices and ratings.

In March, the company obtained the highest ESG assessment score (75/100) that S&P Global Ratings has posted so far in Spain in any sector. It was also given the highest rating in Europe for its sector (Utility Networks) posted by the ratings agency over the past year.

Enagás has kept up its presence in the Dow Jones Sustainability Index (DJSI) for the thirteenth consecutive year, and the company leads the world in the Gas Utilities sector, with Gold Class distinction, and has been acknowledged by CDP by its inclusion in the CDP Climate Change ‘A List’.

Moreover, the company has been recognised for its people management model and gender equality by being ranked third in the world in the Bloomberg Gender-Equality Index (GEI).


Follow the author on Twitter: @Lyaman_Zeyn