Our sustainability strategy

Alpiq’s corporate strategy, approved in December 2023, solidifies our focused development into a sustainable business that contributes to a better climate and increased security of supply. Our objective is clear: to achieve net-zero carbon emissions for scope 1 and 2 by 2040.

Alpiq proudly generates approximately 80% of its energy from CO2-neutral sources, including hydro, nuclear, wind and solar. Alpiq navigates the trilemma between investing in sustainable practices and ensuring a secure energy supply without compromising profitability. Striking the right balance requires strategic planning, innovation and often difficult trade-offs.

Our gas-fired combined cycle power plants (CCGTs) play a crucial role in maintaining system stability and will reach their end-of-life before 2040. These plants contribute to reliable power generation, which is vital for our customers, including transmission system operators. They directly influence our economic performance and the security of our energy supply – key pillars of sustainability. However, with 99.9% of Alpiq's total Scope 1 greenhouse gas emissions stemming from CCGTs, they remain our primary source of direct emissions. Embracing the "best owner principle," Alpiq continuously invests in upgrading projects to enhance CCGT efficiency and explore green gas blending capabilities until the plants’ end of life.

As electrification advances across various sectors, Alpiq is at the forefront, driving the sustainable energy transition with strategic investments in flexible assets. Our commitment is further demonstrated through pioneering battery projects to ensure the security of supply and enable the realisation of other renewable energy projects. This is the case, for example, in Finland, where in June 2024 Alpiq installed a 30 MW battery, one of the most powerful in the country. This strategic investment reinforces our company's commitment as a key player in the transition to clean energy.

At Alpiq, we build, own and operate power plants that are strategically located to harness natural resources efficiently. Our renewable energy projects are often embedded in natural environments, that we strive to protect by minimising the impact of our activities on nature and landscape.

Our commitment is to leave a long-term net positive impact on nature, going beyond mere compliance with environmental regulations. Each of our projects undergoes rigorous environmental assessments, with a strong focus on preserving nature and biodiversity.

We continuously review the impact of our existing power plants on both land and aquatic life. For instance, Alpiq runs an annual programme to monitor and control cooling water discharges from our Plana del Vent CCGT in Spain and conducts yearly monitoring of all bird species (avifauna) and bat fauna (chiropterofauna) around its wind installations in Sicily.

At Alpiq, our employees are the foundation of our success. Their innovative solutions, technical expertise and entrepreneurial spirit drive our long-term position in the market. We embrace diversity and equality, leveraging different perspectives to achieve outstanding results. We aspire to creating an inclusive work environment, where everyone can bring their ‘whole selves’ to work. Alpiq recognises that an organisation can only truly thrive when individuals can be their authentic selves at work.

Alpiq takes a collaborative approach to shaping our corporate culture, guided by shared values: "We are ALP1Q"; "We learn and grow together"; "We share the steering wheel" and "We focus on the outcome". We track the effectiveness of our approach by means of regular employee surveys throughout the year and derive measures accordingly.

As an electricity producer whose portfolio comprises large-scale infrastructures, Alpiq has a particularly high exposure to health and safety matters and therefore bears a great responsibility towards its employees. Alpiq constantly strives to take all necessary measures to protect the health and safety of its employees and of third-party personnel. Health and safety is one of our strategic sustainability KPIs and top management is informed on a regular basis about incidents and near misses.

We maintain a zero-tolerance policy towards corruption and anti-competitive behavior. By mapping corruption and competition risks across our operations and investments, we proactively identify and implement preventive measures. These principles are deeply embedded in our Code of Conduct and our Code of Conduct for Suppliers. Our "Know Your Counterparty" process ensures thorough due diligence for customers, suppliers and business partners. All our employees are required to regularly attend training sessions to raise awareness of corruption and anti-competitive behaviour.

Alpiq is also dedicated to enhancing supply chain risk management. We are in the process of reviewing and improving our processes and aligning with best market practices. Our robust environmental, social and governance (ESG) framework continues to evolve, particularly in enforcing child labour regulations.