PGE CG’s carbon footprint for 2024 covers, in addition to the 28 companies listed in the table in the introduction ‘Scope of PGE CG companies covered by environmental reporting’ (under the environmental part of the ESRS E1–E4 disclosures), also PGE Dom Maklerski S.A. and collectively all companies in the offshore wind power business area (PGE Baltica sp. z o.o., PGE Baltica 2 Sp. z o.o., PGE Baltica 3 Sp. z o.o., PGE Baltica 5 Sp. z o.o., PGE Baltica 6 Sp. z o.o., EW Baltica - 1 Sp. z o.o., EW Baltica - 2 Sp. z o.o., EW Baltica - 3 Sp. z o.o., EW Baltica - 4 Sp. z o.o., EW Baltica - 5 Sp. z o.o., EW Baltica - 6 Sp. z o.o., EW Baltica - 7 Sp. z o.o., EW Baltica - 8 Sp. z o.o., EW Baltica - 9 Sp. z o.o., EW Baltica - 10 Sp. z o.o., EW Baltica - 11 Sp. z o.o., EW Baltica - 12 Sp. z o.o.).
Greenhouse gas emissions in Scopes 1, 2 and 3 in PGE CG
2 As the value of Scope 2 carbon footprint calculated using the location-based method in 2024 is equal to that calculated using the market-based method, contractual instruments (such as guarantees of origin or renewable energy certificates) were not taken into account. No targets for the years 2025, 2030 or 2050 have been set in this respect. The market-based method applied national average energy emission factors, without excluding renewable energy available within the national energy mix.
3 Emissions were calculated based on emission factors from available databases. No data were obtained directly from suppliers.
Scope 1 and 2 greenhouse gas emissions of PGE CG in 2024 for: (i) the consolidated group for accounting purposes (parent company and subsidiaries); and (ii) investee companies.
Biogenic CO₂ emissions of PGE CG in 2024 from biomass combustion or biodegradation
Scope 3 categories relevant to the enterprise based on the scale of estimated greenhouse gas emissions within those categories and other criteria outlined in the GHG Protocol Corporate Value Chain (Scope 3).1
1 Accounting and Reporting Standard (2011 edition, pp. 61 and 65–68) or Annex H.3.2 of EN ISO 14064-1:2018, such as financial expenditure, impact, associated transition risks and opportunities, or stakeholder views, along with emission values
GHG emissions intensity in PGE CG in 2024
GHG emissions reduction in absolute value, percentage of total GHG emissions reduction and GHG emissions intensity reduction for Scope 1, 2 and 3
Net revenue in PGE CG in 2024 used for GHG emissions intensity calculation
The process of calculating the carbon footprint in PGE CG has been carried out since 2021 in accordance with the adopted general procedure for calculating the carbon footprint within the PGE Capital Group. The purpose of the procedure is to support business management by introducing a standard and providing uniform rules of conduct for calculating the carbon footprint in PGE Capital Group companies for reporting on climate and sustainability issues. The procedure specifies in particular:
- how to define organisational boundaries for carbon footprint calculation and GHG emissions data consolidation,
- how to identify and set operational boundaries for each scope (Scope 1, 2, 3) and biogenic emissions as part of the carbon footprint calculation,
- how to determine the limits of materiality for calculating the carbon footprint.
The data aggregation and calculation process is carried out using a dedicated IT tool. The calculation of greenhouse gas emissions in PGE CG is conducted based on the guidelines of The Greenhouse Gas Protocol A Corporate Accounting and Reporting Standard Revised Edition, GHG Protocol Scope 2 Guidance, and Corporate Value Chain (Scope 3) Accounting and Reporting Standard. Additionally, this process is aligned with the industry-specific guide developed in collaboration with the Polish Association of Combined Heat and Power Plants (PTEZ, now PTEC). The manual was developed in accordance with ISO 14064 and the GHG Protocol Standards and is intended to be used to calculate carbon footprints of the organisation.
In 2024, there were no significant changes in the definition of the organisational boundaries or its upstream and downstream value chain. As part of the greenhouse gas emissions calculations for Scope 1 and Scope 2, an additional 13 companies from PGE CG were included compared to the previous period. The inclusion of these companies did not result in an increase in PGE CG’s carbon footprint compared to the previous year. A reduction of just under 1 percent was observed compared to 2023. The criterion for consolidation was based on operational control within the Capital Group, meaning that 100% of the emissions from the companies were attributed to PGE CG.
The sources of emission factors were the following databases: the National Centre for Emissions Management (KOBiZE), the DEFRA (Department for Environment, Food & Rural Affairs) database, the European Environment Agency (EEA), and Ecoinvent 3.11. GWP (Global Warming Potential) factors for refrigerants were adopted in line with the 5th IPCC (Intergovernmental Panel on Climate Change) Report.