ENCAVIS AG presents sustainability reports 2023

EQS-News: ENCAVIS AG / Key word(s): Sustainability/ESG
ENCAVIS AG presents sustainability reports 2023

07.05.2024 / 15:19 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News

ENCAVIS presents sustainability reports 2023

Hamburg, 7th May 2024 - The MDAX-listed wind and solar park operator Encavis
AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) has published
its sustainability reports today for the fourth year in a row. Among other
topics, ENCAVIS reports on the validation of the climate targets by SBTi,
the first-time examination of the remuneration structures and the successes
in optimising operational performance.

The reports show ENCAVIS' sustainability path and describe how sustainable
behaviour is integrated into the corporate culture and actively implemented.
The Encavis sustainability strategy is based on and focuses on ten material
topics such as the energy transition, biodiversity and social
responsibility.

In addition to the Sustainability Report 2023, ENCAVIS today also published
the ESG Report 2023, which provides specific facts and figures and gives a
comprehensive insight into all performance indicators relevant to ENCAVIS in
the areas of economy, social responsibility, environment and governance.

The milestones for 2023 include:

  * Saving over 1.2 million tonnes of CO2 annually through the operation of
    wind and solar
    power plants in Europe.

  * Providing green electricity for the equivalent of over 2 million
    households.

  * Confirmation of carbon footprint reduction targets through the
    independent Science Based Targets Initiative (SBTI).

* Reviewing gender equality in salaries.

"With these reports, we seamlessly continue the regular and transparent
communication of our commitment and achievements in the field of economic,
ecological, and social sustainability of recent years. The reports provide
insights into sustainability topics relevant to ENCAVIS and reflect the
status of achieving specific measures," explains Dr Christoph Husmann,
Spokesman of the Management Board and CFO of Encavis AG.

The preparation of the sustainability reports is based on the guidelines of
the Global Reporting Initiative (GRI), follow the reporting standards of the
Greenhouse Gas Protocol (GHG) and take the 17 Sustainable Development Goals
(SDGs) of the United Nations (UN) into account.

Both reports can be downloaded at Sustainability | Encavis

About Encavis:
The Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a
producer of electricity from Renewable Energies listed on the MDAX of
Deutsche Borse AG. As one of the leading independent power producers (IPP),
Encavis acquires and operates (onshore) wind farms and solar parks in twelve
European countries. The plants for sustainable energy production generate
stable yields through guaranteed feed-in tariffs (FIT) or long-term power
purchase agreements (PPA). The Encavis Group's total generation capacity
currently adds up to around 3.5 gigawatts (GW), of which around 2.2 GW
belong to the Encavis AG, which corresponds to a total saving of around 0.8
million tonnes of CO2 per year stand-alone for the Encavis AG. In addition,
the Group currently has around 1.2 GW of capacity under construction, of
which around 830 MW are own assets.

Within the Encavis Group, Encavis Asset Management AG offers fund services
to institutional investors. Another Group member company is Stern Energy
S.p.A., based in Parma, Italy, a specialised provider of technical services
for the installation, operation, maintenance, revamping and repowering of
photovoltaic systems across Europe.

Encavis is a signatory of the UN Global Compact as well as of the UN PRI
network. Encavis AG's environmental, social and governance performance has
been awarded by two of the world's leading ESG rating agencies. MSCI ESG
Ratings awarded the corporate ESG performance with their "AA" level and ISS
ESG with their "Prime" label (A-).

Additional information can be found on www.encavis.com


Contact:
ENCAVIS AG
Tanja Van den Wouwer
Head of Sustainability & Communications
Tel.: +49 89 44230 6025
Email: tanja.van_den_wouwer@encavis.com
http://www.encavis.com


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07.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        ENCAVIS AG
                   Große Elbstraße 59
                   22767 Hamburg
                   Germany
   Phone:          +49 4037 85 62 -0
   Fax:            +49 4037 85 62 -129
   E-mail:         info@encavis.com
   Internet:       https://www.encavis.com
   ISIN:           DE0006095003
   WKN:            609500
   Indices:        MDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Hamburg; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1897849

End of News EQS News Service
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1897849 07.05.2024 CET/CEST