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Vattenfall is a fully state owned company headquartered in Sweden. In 2020, its revenue was USD 17.2 billion and installed capacity was 29 GW. Vattenfall is an active promoter of fossil free living. Having some coal assets in Germany, the company aims to phase them out by 2030. In the Nordic region the company is to become fossil free by 2025.

Ranking position
Total score
Performance score
Narrative Score
Trend Score
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Performance module name Performance module score Rank (0-50)


#1 3.0 /4 #11

Material Investment

#1 6.4 /7 #2

Intangible Investment

#1 0.4 /2 #10


#1 3.2 /4 #5

Policy Engagement

#1 0.8 /1 #3

Business Model

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

Leading practices

Risks and opportunities


Vattenfall receives a trend score of +. If the company were reassessed in the near future, its score would likely to increase due to continuous investment in renewables, commitment to achieve emissions reduction targets, efforts towards coal phase out and a profitable low-carbon business model. Vattenfall is expected to tackle its dependency on fossil fuels, develop a clear thermal capacity phase-out schedule and reveal its future generation mix. Besides, risks associated with climate change should be evaluated by the company in quantitative terms.

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

More about the company

Solna, Sweden
Group revenue (2020)
USD 17.2 billion
Installed capacity (2020)
29.3 GW

This company is part of the SDG2000, the 2.000 most influential companies

See company profile