Our Strategic Framework
Driven to Make a Difference: Net Zero by 2040 has been developed using our strategy framework which ensures that actions and decisions are consistent with our purpose and values. Our strategy directly support the UN Sustainable Development Goals (SDGs) which provide a global blueprint to achieve a better and more sustainable future for all by 2030. We are focusing particularly on three of the SDGs where we can make a lasting and tangible difference.
- Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all.
- Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation.
- Goal 13: Take urgent action to combat climate change and its impacts.
Our strategy sets a net zero emissions target for ESB to achieve by 2040. To ensure that we are on track, we have set out a clearly defined pathway including interim targets for 2030 as presented in our Net Zero Pathway report. This has been independently evaluated by rating agency Moody’s and awarded a score of NZ-3, consistent with an ambition of limiting global temperature rises to the ‘well below 2 degrees Celsius’ benchmark defined in the Paris Agreement.
The strategy review carried out in 2026 also now sets interim targets for 2035. We have committed to Scope 1, 2 and 3 emissions targets of 6.6 Mt/CO2 by 2030 and further reductions by 2035 with targets of 1.8 Mt/CO2 for Scope 1 and 2 and 2.2 Mt/CO2 for Scope 3. A review of the Net Zero 2040 transition pathway report is planned in view of the evolution of the Group strategy as presented here.