There are four main trends in energy development: decarbonization, decentralization, digitalization, ESG principles

There are four main trends in energy development: decarbonization, decentralization, digitalization, ESG principles

DTEK26 February 2020

There are four main trends in energy development: decarbonization, decentralization, digitalization, ESG principles

Decarbonization, decentralization, digitalization, ESG principles – are the four main trends dominating the energy sector Four trends are determining the development of the global energy sector: decarbonization – we are talking about the carbon neutrality of entire continents; decentralization – the role of consumers is increasing; digitalization – the basis of all transformations; the principles of ESG – social and environmental obligations of companies.

DTEK CEO Maxim Timchenko spoke on these issues during his entry at the 11th Ukrainian Energy Forum. The theme of this year's forum was the modernization of the Ukrainian energy industry for a sustainable and integrated energy future in Europe. To achieve this goal, the government needs to restore the flow of investment in the industry and create conditions for attracting €4 billion of additional investments per year to ensure the enhanced production of 75% of electricity from renewable sources.

“Responsibility for the future of the country, environment, industry lies not only with the state, government, parliament, but also with the corporate sector. DTEK is building its future on the basis of ESG principles by integrating 12 UN Sustainable Development Goals into its strategy. These are the obligations that the company consciously takes upon itself”, said DTEK CEO Maxim Timchenko.

Profile

DТЕК is the largest private investor in Ukraine’s energy sector.

DTEK Group produces coal and natural gas, generates electricity at thermal, solar and wind power plants, distributes electricity, supplies electricity to end consumers, provides energy efficient solutions and develops a network of EV charging stations.
In 2019, DTEK’s capital investments totalled UAH 23 bln. Moreover, the company paid UAH 23.4 bln of taxes. DTEK employs 70 thousand people.

The company is 100% owned by SCM Limited. Ultimate beneficial owner – Rinat Akhmetov.

 

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DTEK
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