Potential offtaker

Deutsche Börse Group

www.deutsche-boerse.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Deutsche Börse Group is a leading financial services company based in Germany that operates in the Security & Cmdty Exchanges sector. The company provides a wide range of services to customers across the globe, including trading, clearing, settlement, and custody of securities and derivatives. Deutsche Börse Group is committed to sustainability and decarbonisation, and has taken several steps to reduce its carbon footprint and promote the use of renewable energy.

One of the key focus areas for Deutsche Börse Group is decarbonisation. The company recognises the urgent need to reduce greenhouse gas emissions and mitigate the impact of climate change. To this end, Deutsche Börse Group has set ambitious targets to reduce its own carbon footprint and promote sustainable practices across its operations. The company has committed to reducing its carbon emissions by 50% by 2030, compared to 2018 levels. This target is aligned with the Paris Agreement and the United Nations Sustainable Development Goals.

To achieve its decarbonisation goals, Deutsche Börse Group has implemented several initiatives. One of these is the use of renewable energy. The company has invested in renewable energy projects, such as wind and solar farms, to reduce its reliance on fossil fuels. In addition, Deutsche Börse Group has implemented energy efficiency measures across its operations, such as the use of energy-efficient lighting and HVAC systems.

Another important initiative for Deutsche Börse Group is corporate energy. The company recognises that energy is a critical resource for its operations, and has implemented measures to ensure a reliable and sustainable supply of energy. Deutsche Börse Group has entered into corporate power purchase agreements (PPAs) with renewable energy providers, which enable the company to purchase renewable energy directly from the source. This approach not only supports the growth of renewable energy, but also provides Deutsche Börse Group with a stable and predictable source of energy.

Corporate PPAs are an important tool for promoting the use of renewable energy. They enable companies to purchase renewable energy directly from the source, which can be more cost-effective and reliable than purchasing energy from the grid. In addition, corporate PPAs provide a stable and predictable source of energy, which can be important for companies that rely on energy-intensive operations.

Deutsche Börse Group has entered into several corporate PPAs with renewable energy providers. For example, in 2020, the company signed a PPA with a wind farm in Norway, which will provide Deutsche Börse Group with renewable energy for the next 15 years. This PPA will enable the company to reduce its carbon emissions by approximately 8,000 tonnes per year, which is equivalent to the emissions from 1,700 cars.

In addition to corporate PPAs, Deutsche Börse Group has implemented several other initiatives to promote the use of renewable energy. The company has installed solar panels on the roof of its headquarters in Frankfurt, which generate approximately 100,000 kWh of electricity per year. This renewable energy is used to power the company's operations, reducing its reliance on grid electricity.

Deutsche Börse Group is also a member of several industry associations and initiatives that promote sustainability and decarbonisation. The company is a member of the United Nations Global Compact, which is a voluntary initiative that encourages companies to adopt sustainable and socially responsible policies. In addition, Deutsche Börse Group is a member of the Climate Group's RE100 initiative, which is a global initiative that aims to accelerate the transition to renewable energy.

In conclusion, Deutsche Börse Group is a leading financial services company based in Germany that operates in the Security & Cmdty Exchanges sector. The company is committed to sustainability and decarbonisation, and has taken several steps to reduce its carbon footprint and promote the use of renewable energy. Deutsche Börse Group has set ambitious targets to reduce its carbon emissions, and has implemented several initiatives, such as the use of renewable energy and corporate PPAs, to achieve these targets. The company is also a member of several industry associations and initiatives that promote sustainability and decarbonisation. Deutsche Börse Group is a leader in promoting sustainable practices in the financial services industry, and is committed to making a positive impact on the environment and society.