EPH: Transition to More Sustainable and Environmentally Friendly Energy Sources
02.03.2024
EPH (Energetický a průmyslový holding) remains a leading company in the energy and industrial sectors of Central Europe. In its 2023 strategic report, the holding emphasizes its commitment to innovation and adapting to dynamic changes in the global economy. Recognizing the need to transition to more sustainable and environmentally friendly energy sources, EPH is actively working towards these goals.
This year, the company has focused its efforts on several key areas:
- Decarbonization: The priority is to reduce CO2 emissions by shutting down coal-fired power plants and transitioning to cleaner energy sources.
- Innovation: Investments in new technologies and asset modernization to enhance efficiency and minimize environmental impact.
- Global Presence: EPH is strengthening its position on the international stage by expanding its operations in Europe and beyond.
- Social Responsibility: Supporting social initiatives and projects aimed at improving the quality of life for employees and local communities.
The vision and mission of the holding are to ensure reliable energy supply that contributes to sustainable development of society and the economy. EPH strives to be a market leader by providing innovative solutions and services that meet high standards of environmental and social responsibility.
Achievements of EPH (Energetický a průmyslový holding) in 2023:
- Transition to Green Energy: Closing several coal-fired power plants and increasing the share of renewable energy sources in the holding’s portfolio, contributing to reduced carbon emissions.
- Expansion of International Presence: EPH continues to strengthen its position internationally by implementing new projects and establishing connections with partners worldwide.
- Innovation and Modernization: This year, EPH introduced new technological solutions to improve efficiency and reduce environmental impact. The holding continues to invest in research and development.
- Social and Environmental Initiatives: EPH supports projects aimed at improving local communities’ lives and reducing environmental impact, collaborating with local organizations and authorities.
Goals of EPH (Energetický a průmyslový holding) for the Future:
- Increase the share of renewable energy sources in the portfolio to 50%.
- Completely phase out coal-fired power plants in Europe.
- Increase investments in innovative projects focused on decarbonization and digital transformation.
- Continue active participation in social and environmental initiatives.
Greenhouse Gas Emissions Overview: In 2023, EPH recorded greenhouse gas emissions of 20,656,596 tons. The main sources of emissions include:
- Direct Emissions: 20,481,296 tons (including CO2, CH4, and other gas emissions).
- Indirect Emissions: 175,300 tons (including consumed electricity and heat).
This data was externally verified for the first time according to the ISAE 3000 standard, which is an important step in ensuring accuracy and supporting the company’s sustainability goals.
Thus, EPH continues to demonstrate leadership in the energy sector by actively working on innovation and achieving environmental and social goals.
Structure of EPH (Energetický a průmyslový holding):
EP Infrastructure provides reliable, safe, and affordable energy and heat supply for European households and businesses. The company is primarily responsible for the uninterrupted supply, storage, and distribution of natural gas, which is a crucial commodity due to its flexibility and suitability for integration with renewable energy sources during the energy system transformation. EPIF understands that the role of natural gas will be temporary, thus it is implementing projects to modernize existing infrastructure for the use of zero-emission gases, such as hydrogen.
EP Power Europe generates electricity in seven European countries using a balanced portfolio of renewable and low-emission traditional sources. By strategically winding down mining and coal activities, the company is increasing investments in alternative low-emission sources.
EP Logistics International integrates all logistics businesses of the EPH group that cater to the transportation needs of business partners. Its operations include not only rail freight transport, forwarding, and leasing of rail rolling stock but also combined transport, staffing, and rail work training. The company offers high-quality services and comprehensive logistics solutions.
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