ESG
Our purpose is to energize the future today. We provide energy solutions and deliver energy aligned with our ESG priorities. Our actions energize people, businesses, and municipalities. We care for our shared future and the generations to come.
Green energy solutions and environmental, social and governance (ESG) priorities
We produce clean energy and sustainable energy solutions, from district heating to industrial energy services. Our energy production and services support our customers, communities, and cities to achieve their climate and decarbonization goals aligned with our ESG priorities.
As a responsible energy company, we are at the forefront of local, regional, and global ambitions of achieving resource-efficient and carbon-neutral economy. We recognize the challenge and opportunity in providing one of the key levers for the decarbonization plans of cities, communities, and businesses in the form of clean and affordable energy.
Energy systems are undergoing fundamental transformations as the world is on a mission to tackle climate change and move from fossil-based energy sources to renewables. To add to the challenge, the electrification of numerous end-users from transport to industry drives a massive increase in power demand as well as the need to generate as much of it as possible from renewable sources.
We provide energy solutions for our shared future and the generations to come. We respect the planet and take responsibility for our role in mitigating the climate crisis. It’s why we support global GHG reduction and biodiversity protection targets. It’s about action, not excuses.
Gren published its first ESG report on 11th April, 2024. In the ESG report 2023, we describe our achievements and commitment to environmental, social, and governance sustainability and our ESG strategy themes and drivers.
ESG reports
ESG report 2023
Environmental priorities
We provide energy solutions for our shared future and the generations to come. We respect the planet and take responsibility for our role in mitigating the climate crisis. It’s why we support global GHG reduction and biodiversity protection targets. Action, not excuses.
Key targets
- GHG reduction -50% by 2035 (2019 base year)
- 100% sustainably sourced biomass fuels.
It’s our responsibility to avoid negative impacts on the environment and society. We do that by operating efficiently, using cutting-edge technology to minimise damage to land, air, water and people. It’s what the planet deserves.
Key targets
- All pollutant emission levels of plants are lower than emission levels associated with the Best Available Techniques, (BAT-AEL) and/or MCPD, as applicable.
Social priorities
We provide clean, secure, affordable, and innovative energy solutions, and we empower communities to make sustainable choices.
Key targets
- At least one energy saving or other CSR-related awareness campaign per year
- Strategic Suppliers apply Gren’s Supplier Code of Conduct. Gren applies a risk-based monitoring approach to the supplier base.
Our employees bring our strategy and sustainability ambitions to life – they constantly push for innovation, and strive to be better. We have a strong corporate culture based on respect and create working conditions where safety is the top priority. Equality is a fundamental principle, and we strive to ensure our people feel fully engaged.
Key targets
- A balanced distribution of employees by age group and gender
- Zero incidents of discrimination, harassment, human rights violations
- Zero cases of work-related injuries for both own employees and contractors
- Level of employee engagement >80 by 2025.
Governance priorities
Gren is growing. We invest strongly in our current operations and actively seek opportunities beyond our existing business. By including ESG in our decision-making, we can maximise sustainability for our stakeholders and avoid unnecessary risks.
Key targets
- Prioritising investments with high positive impacts on Gren’s sustainability.
Action:
- Setting up reporting process for the Corporate Sustainability Reporting Directive (CSDR) and EU Taxonomy Regulation.
We are resilient – we’re prepared for disruptions from energy market fluctuations, climate change, socio-political events or developments in digital technology. Our clients can trust that their energy supply is secure. We work transparently and honestly, with zero tolerance for illegal or unethical business practices.
Key targets
- Production availability 98%
- Zero information security incidents impacting Gren services or resulting data breach
- Zero incidents related to AML/ABC policies.
Our purpose is to energize the future today – through the provision of clean energy solutions, we want to energize people, businesses, communities, and cities to reach sustainable success. Sustainable success is good for businesses and cities and for the environment, people and society as a whole. Our values – trust, respect, solution orientation and customer focus – guide us on this journey.
From apartments to houses, from offices to entire industries, we provide our customers with green, reliable, affordable energy. We help our customers, communities, and cities achieve their climate and decarbonization goals.
As a responsible energy company, we enable local, regional, and global partners to achieve resource-efficient and carbon-neutral economies. We recognize the challenge and relish the opportunity to provide a key element in decarbonization plans for cities, communities, and businesses – in the form of clean and affordable energy.
The world is on a mission to tackle climate change and transition from fossil-based energy to renewable resources. That means energy systems are undergoing fundamental transformations. In addition, widespread electrification in transport and industry drives a huge increase in demand for energy – generating as much of that demand as possible from renewable sources is a global priority.
We provide energy solutions for our shared future and the generations to come. We respect the planet and take responsibility for our role in mitigating the climate crisis. It’s why we support global GHG reduction and biodiversity protection targets. It’s about action, not excuses.
The decarbonization of the energy business is a priority for us. We work to decouple our growth from the use of fossil-based energy sources.
That’s why we develop innovative, tailor-made, sustainable solutions – encouraging customers to transition from fossil fuels to renewable energy in district heating and cooling. We support ecosystem and biodiversity protection through sustainable sourcing of biofuels.
Ecosystem and biodiversity protection is a critical factor in the fight against biodiversity loss. We mainly produce heat from biofuels and in 2023, we began a certification program in collaboration with our suppliers. – We plan to use 100% sustainably sourced biomass by 2025 and be aligned with Renewable Energy Directive methodologies.
We encourage customers to transition from fossil fuels to renewable district heating and cooling. An example of this is building a cooling solution for the E-Piim dairy factory in Paide, Estonia.
It’s our responsibility to avoid negative impacts on the environment and society. We do that by operating efficiently and using leading-edge technology to minimise damage to land, air, water and people.
We aim to reduce the impact of our energy production and supply by operating our district heating and cooling systems and high-efficiency cogeneration plants as efficiently as possible, and minimising pollutants to air, water, and soil.
We provide clean, secure, affordable, and innovative energy solutions, and we empower communities to make sustainable choices. Gren respects all stakeholders – our customers, suppliers, partners, and authorities. Their rights, wellbeing, and safety are important to us.
We empower and educate local communities so that they can make better and more sustainable choices. We prioritise respect for human rights and high labor standards in our value chain. We aspire to maintain strict alignment to the Supplier Code of Conduct and minimum social safeguards.
Our employees bring our strategy and ambitions to life – we constantly push for innovation and strive to improve. Our culture is based on respect, and we create working conditions where safety is the top priority. Equality is a fundamental principle, and we strive to ensure our people feel fully engaged.
Diversity, equity and inclusion are fundamental principles in our organisation – we maintain safe working conditions, develop engaging work experiences, and continually review and improve our working culture.
We practice active dialogue with our stakeholders to improve our services and shape our sustainability journey. This includes engaging with our employees, managing our supplier relationships to ensure sustainable fuel origin as well as getting feedback from our customers.
Cities and towns in Estonia, Latvia, Lithuania, and the United Kingdom are key partners for us in building sustainable environments for people and businesses.
In the cities where we operate, we support local communities with educational projects related to energy efficiency and support schools, local sports clubs and art associations.