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EnBW Energie Baden-Wuerttemberg

EnBW Energie Baden-Württemberg is a majority state owned company headquartered in Karlsruhe, Germany. In 2020, its revenue was USD 22.4 billion and installed capacity was 12 Gigawatts (GW). Following Germany's nuclear phase-out by 2022, EnBW shifted its focus on renewable power generation, especially wind power. It is now one of the leading wind farm developers and the leading company for charging infrastructure in Germany.

Ranking position
#15 /50
Total score
48.3 /100
Performance score
10.3 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)


#1 3.3 /4 #6

Material Investment

#1 2.1 /7 #21

Intangible Investment

#1 0.3 /2 #12


#1 2.4 /4 #20

Policy Engagement

#1 0.4 /1 #28

Business Model

#1 1.9 /2 #9
Indicates the score for the top performing company.

Leading practices

Risks and opportunities


EnBW receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. EnBW plans to reach an installed output of renewable energy of 6.5-7.5 GW in 2025 compared to 5 GW in 2020 and a renewable capacity share of 50% in 2025 compared to 40% in 2020. However, the company is not on track to achieve the reduction in emission intensity levels required by its 1.5°C pathway. EnBW is making strategic changes to steer its business model towards low-carbon activities, but these might not be quick enough to close the decarbonisation action gap.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020
  2. 2023

More about the company

Karlsruhe, Germany
Group revenue (2020)
USD 22.4 billion
Publicly listed, with 93.5% owned by the state of Baden-Württemberg
Installed capacity (2020)
12.5 GW

This company is part of the SDG2000, the 2,000 most influential companies

See company profile