MET Group Sharpens Climate Commitments With Renewables Push and Risk Transparency

SINGAPORE, October 9, 2025 – Swiss-based energy company MET Group has published its Climate Impact Report 2024, outlining measurable progress on emissions reduction and renewable energy expansion while acknowledging persistent challenges in balancing Europe’s energy transition.

The report, MET’s second disclosure aligned with the Task Force on Climate-related Financial Disclosures (TCFD), details performance across emissions, investments, risk management, and scenario planning. It reflects what the company calls a “pragmatic and responsible approach” to the energy trilemma: securing supply, maintaining affordability, and advancing decarbonisation.

Emissions Reduction: Gains in Scope 1 and 2, But Scope 3 Dominates
In 2024, MET reported a 23% reduction in Scope 1 emissions (direct operations) and a 49% cut in Scope 2 emissions, largely attributed to efficiency gains and temporary plant shutdowns for modernisation. These declines reduced electricity production carbon intensity by 12%, from 303 tCO₂e/GWh in 2023 to 266 tCO₂e/GWh.

However, Scope 3 emissions — primarily from the use of sold products such as natural gas — made up over 95% of the company’s footprint, rising by 4.6% to 9.9 million tonnes CO₂e in 2024. This increase was driven by expanded natural gas sales in Germany, Italy, and Romania, underscoring the dual challenge of providing affordable energy while reducing downstream emissions.

Expanding Renewables and Storage
MET continues to scale its renewable capacity, reporting 414 MWp installed capacity in 2024. New photovoltaic projects in Spain (Hefesto solar park, 50 MWp) and Hungary (Kaba II plant, 23.4 MWp) contributed to a total 617 GWh of green electricity generation, up 16% year-on-year.

The company is also strengthening system resilience with storage. By 2025, it commissioned Hungary’s largest operational battery energy storage system — the MET Dunai Energiatároló, with 40 MW output and 80 MWh capacity. Across Europe, MET now operates or is developing 130 MWp of battery energy storage projects.

In total, 34% of capital expenditure (CAPEX) in 2024 went to energy transition projects, split between renewables (19%) and battery storage (15%). Another 21% was channelled to modernisation and efficiency upgrades in flexible assets such as gas-fired plants.

Governance and Risk Transparency
The report highlights expanded governance structures, including board-level climate oversight, a dedicated ESG Steering Committee, and integration of climate risk into divisional leadership responsibilities. In 2024, the ESG SteerCo held five dedicated climate sessions.

MET also advanced its CLIMET risk framework, blending bottom-up divisional assessments with top-down scenario analysis. Using International Energy Agency (IEA) scenarios, the group evaluated impacts under both the Stated Policies (STEPS) and Announced Pledges (APS) pathways through 2030. Key findings included:

– Renewables expansion increases volatility but creates opportunities in flexibility services.
– Gas remains vital as a transition fuel but faces growing supply and margin risks.
– Green assets remain resilient under both transition scenarios, with long-term positive margins.

Energy Transition Strategy: Balancing Growth and Decarbonisation
MET positions itself as both a renewables developer and a flexibility provider. Its Green Asset Division continues to scale wind and solar projects across Europe, while the Flexibility Division manages gas-fired power, storage, and LNG shipping. The company frames natural gas as a “critical transition fuel” for at least the next two decades, necessary for managing peak demand and stabilising intermittent renewables.

Benjamin Lakatos, Chairman and CEO of MET Group, underlined this balancing act: “Achieving a greener future requires more than just expanding renewable energy generation. We believe it demands a balanced approach to the energy transition trilemma: decarbonisation, security of supply and affordability.”

CFO Noubi Ben Hamida added: “Our 2024 report demonstrates tangible results and accountability, with a scaling up of renewables production, cutting Scope 1 & 2 emissions, and creating resilient energy systems that balance supply security with sustainability.”

The Climate Impact Report 2024 shows MET Group making measurable strides in reducing operational emissions, expanding renewables, and embedding climate risk governance. Yet with Scope 3 emissions rising and gas entrenched as a “bridge fuel,” the company illustrates the broader European dilemma: how to accelerate decarbonisation without compromising energy security and affordability.

As Europe pushes towards its 2040 and 2050 climate targets, MET’s diversified strategy — spanning solar, storage, LNG, and trading — will test whether pragmatism can keep pace with the urgency of transition.