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    SSO   NO0010715139

SCATEC ASA

(SSO)
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Scatec received an ‘A' score for tackling climate change by CDP

12/08/2021 | 02:31am EDT

8 December 2021: Scatec has been recognised for corporate sustainability by the global environmental non-profit Carbon Disclosure Project (CDP), securing a place on its prestigious ‘A List’ for tackling climate change. Scatec is leading on corporate environmental ambition, action, and transparency worldwide through significant demonstrable steps on climate.

“We are very proud to be included in CDP’s ‘A list’ for the second time. At Scatec, we recognise that climate change is the defining global challenge of our time, and sustainability is at the centre of everything we do. The CDP ‘A’ score is a recognition of our strong efforts and strategy for environmental actions”, says Raymond Carlsen, CEO of Scatec.

Scatec was recognised for its actions to promote transparency, mitigate climate risks and develop the low-carbon economy, based on the data reported by the company through CDP’s 2021 climate change questionnaire. The company is among a few high-performing companies out of almost 12,000 companies that were scored.

“We have worked consistently this year to sustain our A score in CDP for 2021. Key initiatives such as measuring the lifecycle emissions of our hydropower projects, engaging with key suppliers and further developing our climate targets have been high on our agenda. We have extremely dedicated colleagues globally who contribute to this recognition”, says Julie Hamre, VP ESG Reporting & Strategy.

CDP uses a detailed and independent methodology to assess companies. They allocate a score based on the comprehensiveness of disclosure, awareness and management of environmental risks and opportunities, and demonstration of best practices associated with environmental leadership, such as setting ambitious goals meaningful targets.

The climate change A-List and total scores are available at this link.


For further information, please contact:
Stian Tvede Karlsen, Communications Manager, tel: +47 920 67 460, stian.karlsen@scatec.com


About Scatec ASA
Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com or connect with us on Linkedin.

About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.


© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2022 3 423 M 358 M 358 M
Net income 2022 -963 M -101 M -101 M
Net Debt 2022 16 494 M 1 726 M 1 726 M
P/E ratio 2022 -15,4x
Yield 2022 2,55%
Capitalization 14 809 M 1 550 M 1 550 M
EV / Sales 2022 9,15x
EV / Sales 2023 8,00x
Nbr of Employees 600
Free-Float 72,7%
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Number of Analysts 7
Last Close Price 93,28 NOK
Average target price 138,25 NOK
Spread / Average Target 48,2%
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Managers and Directors
Terje Pilskog Chief Executive Officer
Mikkel T°rud Chief Financial Officer
John Andersen Chairman
Jan Steffen Skogseth Independent Director
Liv GisŔle Marchand Independent Director