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Inter RAO

Inter RAO UES OAO is a publicly listed company headquartered in Russia. In 2019, its revenue was US$16.6 billion and installed capacity was 31.9 GW. Inter RAO has generation assets across Russia, the Commonwealth of Independent States and Europe. It is dependent on coal and gas for 99% of its electricity generation, with no plan to transition to the low-carbon economy.

Ranking position
#42/50
Performance score
4.8 /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

3.0 / 7.0 #18

Intangible Investment

0.0 / 2.0 #19

Management

0.4 / 4.0 #40

Policy Engagement

0.2 / 1.0 #39

Business Model

1.3 / 2.0 #23
Total 4.8 / 20 #42

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Inter RAO is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. Inter RAO is expected to exceed its carbon budget, and its emissions intensity will not decline at anywhere close to the rate required by its decarbonisation pathway. The company’s investments in fuel efficiency are not sufficient to achieve significant emissions reductions. It should invest in low-carbon generation and technology. Inter RAO recently signed up to the UN Global Compact and considered the risks of climate change in its 2019 annual report. However, the company still has not developed a low-carbon transition plan that includes short-term and long-term emissions targets and consideration of its future generation portfolio. It is therefore likely that Inter RAO will continue to increase investments in fossil fuels, without developing a low-carbon generation portfolio.

Progress towards the Paris Agreement

More about the company

Headquarters
Moscow, Russia
Ownership structure
Publicly listed
Group revenue
US$16.6 billion (2019)
Installed capacity
31.9 GW (2019)
Website
https://www.interrao.ru/en/