ESG Evaluation: TenneT holding B.V.
TenneT Holding B.V. is a European electricity transmission system operator (TSO) serving 41 million end users in the Netherlands and Germany through about 22,900 kilometers (km) of high-voltage transmission lines. The Autoriteit Consument & Markt in the Netherlands and the Bundesnetzagentur (BNetzA) in Germany regulate the company’s activities. TenneT generates annual turnover of about €4.0 billion and EBITDA of €1.5 billion, with limited nonregulated activities. Its asset book value totals €22 billion. Because of the energy transition in the Netherlands and Germany, TenneT is going through a significant regulated capital expenditure (capex) plan to connect renewable generation capacities to the high and ultra-high voltage grid and extend long-distance transport capabilities. As a result, ESG topics are embedded in the strategy and throughout the company.Download