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Eskom Holdings

Eskom is a vertically integrated state-owned electricity company headquartered in South Africa. In 2019, its revenue was US$12.86 billion and installed capacity was 44.17 GW in 2018. It is currently being split up into generation, transmission and distribution functions. With emissions intensity – that is, the amount of greenhouse gas emissions produced for every unit of electricity – standing at 1,009 gCO2e/kWh in 2018, Eskom is the most emissions-intensive company in the sample. A new board is looking to address long-standing governance and supply reliability issues.

Ranking position
#41/50
Performance score
4.9 /20
Narrative Score
E
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

0.0 / 4.0 #33

Material Investment

4.0 / 7.0 #11

Intangible Investment

0.0 / 2.0 #19

Management

0.2 / 4.0 #42

Policy Engagement

0.2 / 1.0 #39

Business Model

0.5 / 2.0 #44
Total 4.9 / 20 #41

Leading practices

No leading practices were identified this company.

Risks and opportunities

Trend

Eskom is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. No public commitments to emissions reduction targets have been made, and recent emissions intensity progress was reversed in 2018, mainly because of high emissions related to poor maintenance at the large (~4 GW) Kendal coal plant. As a state-owned entity, Eskom is constrained by government planning, which covers mining employment as well as capacity planning. The company has not developed its own plan to transition away from its currently huge reliance on coal power (~91% of generation in 2018). This leaves it falling further behind on its well-below 2-degree pathway. External factors, such as the South African government’s ongoing commitment to use local coal for power generation, have a significant impact on Eskom. Internal decision making is focused on improving supply reliability, plant efficiency and avoiding air pollution, rather than on decarbonisation.

Progress towards the Paris Agreement

More about the company

Headquarters
Sunninghill, South Africa
Ownership structure
State-owned
Group revenue
US$12.86 billion (2019)
Installed capacity
44.17 GW (2018)
Website
http://www.eskom.co.za