EnBW Energie Baden-Württemberg AG is a publicly traded integrated energy company headquartered in Karlsruhe, Germany, serving as one of the largest players in the German and European energy markets. I... EnBW Energie Baden-Württemberg AG is a publicly traded integrated energy company headquartered in Karlsruhe, Germany, serving as one of the largest players in the German and European energy markets. Its core business encompasses the full value chain of energy, from generating electricity and heat via renewable sources like offshore and onshore wind farms, solar parks, and hydropower, to conventional plants including coal and gas, while phasing out nuclear and coal operations. The company trades energy products, operates extensive transmission and distribution grids through subsidiaries like TransnetBW and Netze BW, and supplies electricity, gas, water, district heating, and telecommunications to around 5.5 million customers.
EnBW drives the energy transition with ambitious goals, including net-zero CO₂ emissions by 2040 and massive investments in renewables, aiming for over 4,000 MW in wind capacity by 2025. It leads in electromobility with Germany's largest fast-charging network and expands internationally in countries like Sweden, France, Turkey, and Austria through subsidiaries and joint ventures focused on wind, solar, and green hydrogen initiatives. This holistic approach positions EnBW as a key infrastructure partner, ensuring secure supply amid decarbonization efforts.
In 2024, EnBW was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
EnBW has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of EnBW are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
0000000
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Total Taxonomy Eligible A Turnover
0000000
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Total Taxonomy Non-Eligible B Turnover
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.10 CCM/CCA - Storage of electricity
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.3 CCM/CCA - Electricity generation from wind power
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.9 CCM/CCA - Transmission and distribution of electricity
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
6.15 CCA - Infrastructure enabling road transport and public transport
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
0000000
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Total Taxonomy Eligible A Opex
0000000
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Total Taxonomy Non-Eligible B Opex
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.10 CCM/CCA - Storage of electricity
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.15 CCM/CCA - District heating/cooling distribution
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
4.3 CCM/CCA - Electricity generation from wind power
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.9 CCM/CCA - Transmission and distribution of electricity
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
6.15 CCA - Infrastructure enabling road transport and public transport
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
0000000
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Total Taxonomy Eligible A Capex
0000000
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Total Taxonomy Non-Eligible B Capex
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.10 CCM/CCA - Storage of electricity
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.15 CCM/CCA - District heating/cooling distribution
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.29 CCM/CCA - Electricity generation from fossil gaseous fuels
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.3 CCM/CCA - Electricity generation from wind power
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.30 CCM/CCA - High-efficiency co-generation of heat/cool and power from fossil gaseous fuels
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.9 CCM/CCA - Transmission and distribution of electricity
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
6.15 CCA - Infrastructure enabling road transport and public transport
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Limited Data Preview
You are viewing a limited preview of EnBW’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2021.
Access Datasets, Disclosures, and Sources
pro
Remove manual data sourcing from your workflow. Subscribe to Tracenable Pro to get credits for accessing and exporting datasets and disclosures across 8,500+ companies with 10+ years of historical coverage.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore EnBW’s data sources below and access millions more through our Disclosure Search.
a. EnBW's Annual Report 2024
b. EnBW's Integrated Report 2023
c. EnBW's Integrated Report 2022
Insights into EnBW's Revenues from Sustainable Activities
In 2024, EnBW reported EU Taxonomy-eligible revenues of EUR 8.39 billion, representing 24.3% of its total turnover. Of this amount, EUR 7.53 billion of EnBW's revenues was classified as EU Taxonomy-aligned, indicating that 21.8% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
EnBW's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have EnBW's revenues become more sustainable over time?
Compared to the previous year (2023), EnBW's taxonomy-aligned revenues increased by 33.74%,highlighting EnBW's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of EnBW's revenue is eligible under the EU Taxonomy?
In 2024, EnBW reported that EUR 8.39 billion of its revenue was eligible under the EU Taxonomy, representing 24.3% of the company's total turnover. Of this amount, EUR 7.53 billion (21.8% of total revenue) was classified as Taxonomy-aligned. This means that 2.5% of EnBW's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of EnBW's eligible revenue is aligned with the EU Taxonomy?
In 2024, EnBW reported that EUR 7.53 billion of its revenue was aligned under the EU Taxonomy, representing 21.8% of its total turnover.a
This moderate level of alignment indicates that EnBW has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
EnBW's Eligibility & Alignment Overview
EnBW's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is EnBW's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, EnBW reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 21.8%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does EnBW earn from selling climate-related solutions ?
In 2024, EnBW reported that EUR 7.53 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 21.8% of the company's total revenue,indicating that EnBWhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into EnBW's CAPEX from Sustainable Activities
In 2024, EnBW reported EU Taxonomy-eligible CAPEX of EUR 5.58 billion,representing 88.3% of its total CAPEX. Of this amount, EUR 5.57 billion of EnBW's CAPEX was classified as EU Taxonomy-aligned, indicating that 88.2% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
EnBW's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have EnBW's increased its investment in sustainable activities over time?
Compared to the previous year (2023), EnBW's taxonomy-aligned CAPEX increased by 2.44%,highlighting EnBW's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of EnBW's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, EnBW reported that EUR 5.58 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 88.3% of the company's total CAPEX. Of this amount, EUR 5.57 billion (88.2% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.1% of EnBW's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of EnBW's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, EnBW reported that EUR 5.57 billion of its CAPEX was aligned under the EU Taxonomy, representing 88.2% of its total capital investment.a
This strong alignment suggests that EnBW is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
EnBW's Eligibility & Alignment Overview
EnBW's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is EnBW's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, EnBW reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 88.2%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much EnBW is investing in climate-related solutions?
In 2024, EnBW allocated EUR 5.57 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 88.2% of the company's total capital expenditure,indicating that EnBWis prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into EnBW's OPEX from Sustainable Activities
In 2024, EnBW reported EU Taxonomy-eligible OPEX of EUR 363.80 million,representing 35.4% of its total operating expenses (OPEX). Of this amount, EUR 360.80 million of EnBW's OPEX was classified as EU Taxonomy-aligned, indicating that 35.1% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
EnBW's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have EnBW's increased its spending in sustainable activities over time?
Compared to the previous year (2023), EnBW's taxonomy-aligned OPEX increased by 51.29%,highlighting EnBW's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of EnBW's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, EnBW reported that EUR 363.80 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 35.4% of the company's total OPEX. Of this amount, EUR 360.80 million (35.1% of total OPEX) was classified as Taxonomy-aligned. This means that 0.3% of EnBW's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of EnBW's eligible OPEX is aligned with the EU Taxonomy?
In 2024, EnBW reported that EUR 360.80 million of its OPEX was aligned under the EU Taxonomy, representing 35.1% of its total operational expenditure.a
This moderate level of alignment indicates that EnBW is beginning to shift operational priorities toward greener practices, with room for deeper integration.
EnBW's Eligibility & Alignment Overview
EnBW's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is EnBW's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, EnBW reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 35.1%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of EnBW's operational budget supports climate-related solutions?
In 2024, EnBW allocated EUR 360.34 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 35.1% of the company's total OPEX,indicating that EnBWis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
b
c
b
c
a
b
c
a
b
a
b
c
b
a
b
c
a
b
c
a
b
a
b
c
b
c
a
b
c
a
b
b
a
a
c
a
b
c
a
b
c
b
c
b
c
a
b
c
a
b
c
a
b
c
a
a
b
a
c
a
a
b
c
a
c