By redirecting 70 percent of its capital investments to green projects, MET Group increased its renewable energy production by 72 percent last year, confirming its commitment to climate transparency and promoting the transition to a low-carbon economy. This was announced today by MET Group, which also included this data in its first sustainability report (TCFD).
– Achieving a world with net-zero emissions must not be a burden on society. Our goal is to manage the energy transition efficiently and economically to provide European consumers and industries with the benefits of competitive energy supply without facing rising costs – quoted MET Group’s president, CEO, and majority owner Benjamin Lakatos in the statement.
According to the statement, MET Group invested in operational renewable energy projects with a capacity of 403 MW in 2023, as well as in projects with a capacity of 646 MW that are still in the development phase. MET Group is committed to avoiding investments in carbon-intensive resources such as coal, while simultaneously prioritizing the supply of natural gas, LNG, and electricity.
MET Group is an integrated energy company based in Switzerland, present in 15 countries, 30 national gas markets, and 39 international trading centers. In 2023, MET Group’s consolidated sales revenue amounted to 24.5 billion euros, with a total volume of resold natural gas of 88 billion cubic meters and a total volume of resold electricity of 68 TWh. In Croatia, MET Group is present through its company MET Croatia Energy Trade, which recorded 1.24 billion euros in revenue last year.
