Swiss energy company MET Group has published its 2024 Climate Impact Report, highlighting its growing commitment to supporting Europe’s energy transition while demonstrating measurable environmental impact across its operations in 32 national gas markets.
Key highlights of MET Group’s 2024 Climate Impact Report include:
- Reduction of Scope 1 and 2 emissions by 23% and a decrease in carbon dioxide emission intensity by 12%.
- Increase in installed renewable energy capacity to 414 MWp through new photovoltaic projects in Spain and Hungary, generating 617 GWh of green electricity, representing a 16% increase compared to the previous year.
- Allocation of 34% of total capital expenditure (CAPEX) to energy transition initiatives, including renewable energy generation projects and Battery Energy Storage Systems (BESS), strengthening MET Group’s position as a company supporting the energy transition.
Energy efficiency is at the core of MET Group’s agenda. This is illustrated by the 12% decrease in carbon emission intensity in electricity production in 2024, from 303 tons of CO₂ equivalent per gigawatt-hour (tCO₂e/GWh) to 266 tCO₂e/GWh.
The 34% of capital expenditure (CAPEX) directed toward energy transition initiatives underscores the company’s commitment to shaping a low-emission, flexible, and future-proof energy portfolio. This investment direction reflects MET Group’s ambition to accelerate the integration of renewable energy sources and energy storage systems as key pillars of its growth strategy. Currently, MET is developing renewable projects with a capacity exceeding 1,000 MWp, as well as 130 MWp of energy storage systems in operation or under construction across Europe.
“We remain committed to our goal of supporting Europe’s ongoing energy transition and believe that MET Group plays a crucial role in this process. Our 2024 report presents concrete results confirming our commitment to the energy transition through increased renewable energy production, reduction of Scope 1 and 2 emissions, and development of resilient energy systems that balance supply security with sustainable development,” comments Noubi Ben Hamida, Chief Financial Officer of MET Group holding.
To access the full 2024 Climate Impact Report, click here.
To read the executive summary, click here.
MET Group
MET Group is an integrated European energy company headquartered in Switzerland with assets and operations in natural gas and electricity markets. MET is present in 21 countries through subsidiaries, across 32 national gas markets and 44 international trading hubs. The company employs 1,350 people representing nearly 60 nationalities. MET has extensive experience in operating energy assets – both renewable and flexible (conventional and unconventional) – enabling it to support the energy transition as broadly as possible. In 2024, MET Group’s consolidated sales revenue reached €17.9 billion, with total natural gas trading volume of 140 billion cubic meters and 76 terawatt-hours (TWh) of electricity.
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