GlobalData offers a comprehensive analysis of Enbridge, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Enbridge‘s ESG performance. GlobalData’s company profile on Enbridge offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Enbridge, a leading energy infrastructure company, has set target for net zero by 2050 as part of its commitment to addressing climate change and the company is focused on managing and mitigating climate-related risks and opportunities. Enbridge aims to leverage its technical and infrastructure expertise to develop and secure competitive projects in the renewable energy sector. The company also plans to use its existing infrastructure to transport lower-emissions products such as hydrogen and renewable natural gas.

In terms of greenhouse gas (GHG) emissions, Enbridge reports its emission data for scope 1 and market-based scope 2 emissions. The company's total emissions for scope 1 and 2 in 2022 were 13,832,159 metric tonnes of CO2e, with a total throughput of 24,611 petajoules. The emissions intensity was calculated at 562 tCO2e/PJ. It is important to note that the emissions from Enbridge's Green Power operations, which account for less than 0.1% of total GHG emissions, are excluded from the throughput calculation.

Enbridge has taken steps to reduce its emissions and achieve its net-zero targets. The company has invested in renewable energy projects and plans to continue leveraging its infrastructure expertise to develop and secure competitive projects in the low-carbon energy sector. Enbridge is also focused on managing and mitigating climate-related risks and opportunities. The company's approach includes monitoring and reporting progress on its environmental, social, and governance (ESG) goals and targets.

Enbridge has embraced two pivotal GHG emissions reduction targets to align with the evolving energy landscape, all while ensuring the provision of essential energy services. The company is committed to a 35% reduction in the intensity of GHG emissions from its operations by 2030 and aims for net-zero emissions from its business by 2050. Enbridge has implemented a robust governance structure, including a steering committee, working groups, and action plans, to drive continuous progress. To further reinforce these efforts, the company issued approximately $7.4 billion in sustainability-linked financing, featuring terms that enable a reduction in borrowing costs upon achieving interim emissions reduction targets and other ESG objectives.

In conclusion, Enbridge is committed to achieving net-zero targets and reducing its GHG emissions. The company aims to leverage its technical and infrastructure expertise to develop and secure competitive projects in the renewable energy sector. Enbridge has already taken steps to reduce emissions and plans to continue investing in low-carbon energy projects. By managing and mitigating climate-related risks and opportunities, Enbridge is working towards a more sustainable future.

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