RWE in transition: Climate neutral by 2040 – A strategy for the future!

RWE in transition: Climate neutral by 2040 – A strategy for the future!

RWE AG has decided to fundamentally change its business strategy by phasing out the use of fossil fuels and nuclear energy. Instead, the company is focusing on expanding renewable energies. With the ambitious goal of being climate neutral by 2040, RWE is planning massive investments worth billions in wind and solar energy. In a current podcast that highlights the challenges and opportunities of this transformation, experts such as Prof. Dr. Martin Glaum from WHU and Dr. Michael Müller, CFO of RWE AG, about the company's strategic realignment and geopolitical risks that must be taken into account when making investment decisions. Loud WHU The development of international teams in countries such as the USA, Great Britain and the Netherlands is also discussed.

In the conversation, Dr. Müller highlights his career, which led him from engineer to CFO of a DAX company. He emphasizes which qualities are crucial for CFOs. Among other things, he mentions entrepreneurial curiosity, active risk management and the willingness to take on responsibility.

Sustainability reporting and strategic direction

RWE has also introduced a significant innovation in its reporting. The group has adopted the European Sustainability Reporting Standards (ESRS) for its non-financial reporting. The Group sustainability report was therefore prepared entirely in accordance with these standards. The principle of dual materiality is used to identify topics both in terms of their financial materiality and their impact on people and the environment. This information is in RWE sustainability report and included in the Supplementary Sustainability Report.

The group also provides data that can be accessed via the interactive RWE Data Tool or the Excel file “Group Sustainability Reporting – Data 2024”. Historical data up to 2023 is also available. This underlines RWE’s commitment to other sustainability issues that go beyond financial metrics.

Economic effects and climate investments

Climate investments play a central role in transforming the energy system. According to that Federal Environment Agency These investments not only have a positive impact on the environment, but also promote economic growth. Every euro invested in climate protection generates positive multiplier effects for the entire economy.

An important tool for assessing these effects is the MIO-ES model, which was developed for macroeconomic analysis. It examines the interactions between the economy, energy and the environment and enables an evaluation of climate and energy policies up to 2050. This model is also used to analyze the energy and greenhouse gas scenario for the year 2040, which provides a prognostic view of the impact of future climate protection measures on the economy, energy consumption and CO₂ emissions.