to sustainability
As a company exclusively dedicated to renewable energy, we have sustainability hardwired into our DNA. Everyday, with each new asset that comes online, we are contributing towards global efforts to combat climate change. The second edition of the Sustainability Framework recognises our progress and refines our commitments and targets. It will guide us, strengthen our determination and encourage our team to continue to be audacious in designing and implementing innovative solutions for a more sustainable world.
Embracing our broader responsibility
This second version of our Sustainability Framework outlines ambitions and priorities for our team, our projects and our interactions with communities. It seeks to combine top-down with bottom-up approaches to encourage good ideas and innovation across our projects and the countries in which we operate.
Sustainability Framework
Sustainability Report 2023
We are a company of 440 people working across 15 countries on over 800 projects, from those in development, to those under construction and our 130 operating power plants.
Our work ethic is sustained by our values, integrity in particular, which live and breathe in myriad ways through the actions of board members, managers and employees. They contribute to a vibrant workplace culture and orient our respectful approach to ‘doing business’. We select and work with contractors and suppliers who also respect the same ethical standards.
- 100% of our employees formally commit to Neoen’s Code of Conduct.
- 100% of our employees formally commit to Neoen’s Anti Corruption code and are trained in the fight against corruption.
Diversity is a source of pride and dynamism for Neoen, with over 48 nationalities represented amongst our team. Our recruitment process is open to all, upholds the principles of fairness and non-discrimination, and our workplace has zero tolerance to harassment. At the global level, our main priority is addressing gender imbalance in the workforce.
- Reach a target of at least 35% women in the workforce by 2025.
- Increase female managerial positions held to 25% by 2025.
The Paris Agreement continues to be an important reference point, and we are committed to taking steps towards reducing our emissions.
- Decrease annually the carbon intensity per MW of new solar, wind or storage installed capacity.
- Increase annually the consumption of renewable energy in our own operations.
Our project sites are where we work hand-in-hand with consultants, contractors and subcontractors to develop, build, own and operate our renewable energy power plants. As well as generating clean electrons to reduce global emissions, our 180 assets are also the crucible for many sustainable initiatives and outcomes at the local and regional level.
Neoen is committed to ensuring the health and safety of its employees and of all those working on its project sites. Identifying risks has led to strict mitigation, control and reporting processes. We maintain a strong Health, Safety & Environment (HSE) culture on site, ensuring that contractors uphold Neoen’s expectations and comply with the health and safety legislation and requirements.
- Maintain a Lost Time Injury Frequency Rate* below 2 and report our severity Rate.
- Conduct HSE compliance audit on 100% of construction sites, quaterly on sites over 20 MW in size, every 2 months on smaller sites.
* Number of lost time injuries per million work hours
Neoen’s environmental stewardship is evident at the project level. As detailed in our Biodiversity Policy, we undertake Environmental Impact Assessment at our project sites during the development phase and manage the potential impacts following the Mitigation Hierarchy principles of avoid, minimise, restore and offset, with an aim of minimising net loss of biodiversity.
- Conduct an environmental impact assessment during development on 100% of our solar and wind assets.
- Each project > 50 MW selects one “above and beyond” biodiversity initiative*
* Not required under local regulations
As a leading player in the renewables sector, we have a responsibility to promote the circular economy, to encourage the production of goods and services in a sustainable manner, limiting our consumption of raw materials and nonrenewable energy.
- Integrate a recycling commitment clause into supply agreements for a total of 1.3 GW (2024-2025).
- Implement waste management plan for 100% of our projects by 2025 to minimise waste generation and maximise reuse and recycling.
Our projects occupy significant footprints of land in regional areas and as long-term owner operators we are privileged to become long-term neighbours to the communities surrounding our sites. We work in consultation and cooperation with local stakeholders, contribute to local and regional economic development, and seek to share the benefits of the transition with our communities.
Neoen is convinced that the success of a project is dependent to a large extent on developing genuine, open and ongoing relationships with key stakeholders and members of the local community.
- Conduct community consultation and information-sharing on all projects* even if it’s not mandated.
- Consult and engage with First Nations communities in countries and regions where there are Traditional Custodians.
* Excluding extensions within the same perimeter
The construction and operation of our projects deliver significant local and regional economic development through the creation of direct and indirect jobs supply chain outcomes and opportunities for skills development, training, etc… There is also a multiplier effect in the wider economy.
- Engage with local businesses and employment networks, prioritising local suppliers and jobseekers where possible.
- Track the number of worked hours, and the total amount of benefit-sharing initiatives supported by Neoen.
Neoen is dedicated to ensuring that the benefits of the energy transition are shared with local communities. The term “benefit-sharing” covers a range of community development initiatives that are a product of a country’s traditions, a community’s need, people’s ideas.
- Develop a benefit-sharing initiative for each new project over 50 MW.
- Create an artwork that celebrates renewable energy and local culture for each new project over 50 MW.
Sustainability ratings and indexes
It is important to us to provide analysts, investors and other stakeholders with the means to analyse and compare our performance on environmental, social and governance issues. Our goal is to continue improving in these areas, using our Sustainability Framework as a reference.
64/100
AA Leader
21.8
B+ Prime
A
79/100
B