TenneT

• TenneT conducted a double materiality assessment to evaluate impacts, risks and opportunities across the value chain.
• Material topics: Climate change; Biodiversity and ecosystems (occupying areas of land and seabed, disturbing species); Resource use and circular economy.
• Impacts (for example): TenneT procures assets that require materials originating from virgin sources, which depletes resources and negatively affects resource efficiency.

• TenneT has set SMART targets for their material nature topics with varying deadlines of 2030 and 2045.

For example:

• Reduce absolute scope 1 and 2 GHG emissions by 95% and reduce scope 3 category 1 and 2 GHG emissions by 30% by 2030 (from 2019 baseline)
• No net loss of biodiversity by 2030 (compared to a 2025 baseline). Strive for net gain in:
  • Onshore: nature-inclusive as the standard for new substation designs
  • Offshore: nature positive for newly initiated 2GW projects

• TenneT’s actions are in line with the mitigation hierarchy.

For example:

• Decarbonization: Address long-term leakage risks from ageing infrastructure by replacing SF₆ (a greenhouse gas) with greener alternative gases in electrical equipment.
• Biodiversity and ecosystems:
• Avoid locating infrastructure in or near biodiversity-sensitive areas;
• Ensure that transport routes do not disturb nature;
• Focus on reducing disturbance (underwater noise and shipping) for offshore projects
• Circularity: Expand the relative inflow of non-virgin materials, specifically copper and steel, by securing new supplier contracts

• TenneT’s Nature Ambition 2030 was approved by the Executive Board.
• The material topics (including impacts, risks and opportunities) fall under the responsibility of Executive Board (CEO, COO, CFO)