The energy system and material cycles in the service of decarbonisation
The ALTEO Group treats climate protection not as a stand-alone environmental goal but as a defining element of its business model. Our energy and circular economy activities both contribute to reducing greenhouse gas emissions, improving resource efficiency and transitioning to a low carbon intensity economy.
In our energy business line we contribute to replacing fossil fuels and decarbonising the industry through renewable energy generation, energy storage, production management and services supporting the flexibility of the electricity system. Energy storage developments and balancing services enable a greater share of renewable energy sources to be integrated into the Hungarian electricity system.
In our circular economy business line we reduce the emissions associated with primary raw material extraction through the material recovery of waste, the production of secondary raw materials and increasing recycling rates. Our goal is for as much waste as possible to return to the economic cycle as a valuable raw material.
Adapting to climate change is of key importance for the Group; we pay close attention to increasing the efficiency of our fossil fuel power plants and strictly comply with environmental regulations. The ALTEO Group is committed to Hungary’s renewable energy generation, to the circular economy and to achieving climate neutrality by 2050. Our strategy and business model both reflect this commitment, with innovation and sustainability at their core.
In the energy business line, our ESG Policy summarises our sustainability commitments; like our ESG Strategy, it was prepared in line with the United Nations Sustainable Development Goals. The policy also includes our primary environmental positions and planned measures to reduce our environmental footprint.
As a responsible company, the ALTEO Group has a comprehensive sustainability strategy comprising strategic objectives, measures and the metrics needed to track them.
The main measures linked to the strategic goals, which the ALTEO Group’s energy business line is actively working on, involve exploring and introducing new business and technological opportunities in order to reduce negative impacts and potential risks. The core activities of the circular economy business line (managing manufacturing, hazardous and non-hazardous, electronic, battery and machine-dismantling waste, as well as paper, plastic and wood waste) continuously contribute to mitigating climate change.
Our Group’s main ongoing measures are the following:
- Using renewable energy sources in power generation, including wind, solar and hydro power plants as well as biogas and landfill gas technologies. In 2025 we generated 176.5 GWh of electricity from renewable energy sources.
- Operating a scheduling service for renewable power plants, through which, since 2020, we have made it possible to operate the installed renewable generation capacity at the highest possible efficiency.
- Operating continuous emission monitoring systems with high availability in accordance with legal requirements, and complying with the relevant limit values, which ensures regulatory compliance and reduces environmental impact. This measure applies at the level of the industrial power plants operated by our Group.
- Continuously improving energy efficiency, in line with the goal set in our Integrated Management Policy. As part of this, we carry out investments to achieve various energy efficiency targets and perform diagnostic maintenance.
- When relocating our headquarters, we also applied energy efficiency considerations in selecting the new office building and the equipment required there.
- We support talent development and awareness-raising among the next generation in the field of energy efficiency.
- The circular economy business line recycles industrial waste — replacing, through secondary raw materials, the extraction and processing associated with new raw materials — and, in addition, through complex waste management systems provided to companies, or simply the professional handling of waste, and through environmental compliance and advisory work, it conveys awareness and the principles of the circular economy to the partners concerned.
As an ESG-rated company we aim to set an example for energy-sector players.
Highlights
- The ALTEO Group's sustainability report now presents the combined climate impacts of the energy and circular economy business lines.
- The assessment of climate change risks and opportunities is supported by climate scenario analyses.
- Greenhouse gas emissions (Scope 1-2-3) are fully tracked in accordance with the GHG Protocol, on an ESRS basis.
- Energy storage and balancing services support the integration of renewable energy in Hungary.
Greenhouse gases — by 2030
Group-level emissions reduction runs simultaneously on three Scopes: direct on-site emissions (Scope 1), the footprint of purchased energy (Scope 2) and emissions from the full value chain (Scope 3). The base year is updated in line with the 2025–2030 strategy review.
Pillars driving the climate targets
Four interlinked workstreams underpin our climate targets: expanding renewable capacity, grid integration with gas balancing, NOx reduction and green finance. Each is a measurable element of the 2025–2030 strategy.
Two-stage reduction pathway
We set the climate targets on two horizons: alongside the 2030 interim commitments we move toward zeroing Scope 3 by 2050. NOx reduction complements the 2030 pillar.
Scope 1 — Direct emissions
2030: -20% · 2050: -50%. Site-level emissions reduction via renewable capacity expansion and efficiency investments.
Scope 2 — Vásárolt energia
2030: -30% · 2050: -75%. Greening of the electricity mix consumed and reducing the specific emissions of purchased energy.
Scope 3 — Értéklánc
2030: -55% · 2050: -100%. Bringing value-chain emissions to zero by changing supplier requirements and the financing mix.
NOx — Nitrogén-oxidok
2030: -25%. Reduction of NOx emissions at generation sites — an environmental pillar alongside the climate targets.
Strategic framework: ALTEO 2025–2030
The climate targets are framed by the group-level strategy. The full pillar system, market positioning and investor messaging are on the strategy page.
Climate and green-finance documents
Our public climate-target documents: group-level ESG report, Green Finance Framework, its accompanying Second-Party Opinion (SPO), and the strategy press release.