Romande Energie Holding SA · SIX:REHN
Romande Energie Holding SA — GFSI 2023
21 slides from Romande Energie Holding SA's conference presentation, Sep 14, 2023
Slide 1: The energy transition: threat or opportunity?
The energy transition: threat or opportunity? GFSI – 14 September 2023
Slide 2: Summer when the world passed its tipping point
Summer when the world passed its tipping point
Slide 3: Slide 3
Slide 4: Outline
Outline 1 Inaction and what it costs 2 Action, adaptation and what it will cost 3 Romande Energie’s approach
Slide 5: Inaction and what it costs
Inaction and what it costs
Slide 6: Three scenarios simulated by the Paul Scherrer Institute (2022)
Three scenarios simulated by the Paul Scherrer Institute (2022) 1. CLI: zero net CO2 emissions 2. SECUR: energy imports cut to bare minimum 3. ANTI: moderate potential for NRE deployment
Slide 7: Increasingly frequent adverse climate events: what framework for insurers in the future?
Increasingly frequent adverse climate events: what framework for insurers in the future?
Slide 8: Companies facing major financial risks
Companies facing major financial risks Climate-driven financial risks currently lack a definition, either in law or any other useful form (source: FINMA)
Slide 9: Failure to transition from investing standpoint
Failure to transition from investing standpoint Source: Financial Times (2023)
Slide 10: Action, adaptation and what it will cost
Action, adaptation and what it will cost
Slide 11: Climate trajectories and target carbon footprints
Climate trajectories and target carbon footprints
Slide 12: Exponential rise in carbon emissions
Exponential rise in carbon emissions
Slide 13: Switzerland: surprisingly a heavyweight
Switzerland: surprisingly a heavyweight Economic and financial centre with global reach, playing a pivotal role We must become aware of our unavoidable responsibility in decarbonising the planet Source:economiesuisse – WWF, McKinsey
Slide 14: All sectors are impacted…
ALL SECTORS ARE IMPACTED…
Slide 15: … and need to adapt amid a range of pressure points
… AND NEED TO ADAPT AMID A RANGE OF PRESSURE POINTS Labour shortages, growing tensions over minerals, water, food and raw materials, rising national debt burdens, disruptions to logistics and supply chains, uninsurable risks, growing impact of climate change…
Slide 16: Switzerland could be self-sufficient and carbon neutral in 2050
Switzerland could be self-sufficient and carbon neutral in 2050… … if 387.2 billion were invested in the meantime, equating to 2% of its GDP
Slide 17: Benefits of electrification
Benefits of electrification +28m CHF 11,000bn 6 years jobs in annual savings to pay off global investment of Lower mortality CHF 62,000bn What about Switzerland? CHF 75bn needed for massive investments in renewable energy sources - Potential to avoid 52m tonnes of CO2 emissions annually from 2050 -
Slide 18: Romande Energie's approach
Romande Energie’s approach Make Western Switzerland the first net-zero region in the country and thereby play our part in creating a sustainable world
Slide 19: Our net-zero climate strategy
Our net-zero climate strategy Priority areas for action Reducing our carbon Reducing our customers’ Carbon offsets emissions carbon emissions (reforestation) Target: 5% annual District heating Not recovered in the form reduction in carbon Heat pumps of purchased carbon intensity of our revenues Elec
Slide 20: Financing: sustainable, local and competitive
Financing: sustainable, local and competitive 55% 55% share of ESG financing… Total CHF 327m of current financing, with CHF 80m in ESG credit lines and our first Green Bond of CHF 100m (2022) Sources of financing ESG credit lines Cash flow from operations, Preferential terms for financial markets an
Slide 21: Thanks for listening
Thanks for listening. I look forward to answering your questions. Christian Petit CEO, Romande Energie