We are primarily tasked with providing power transmission services, system services and facilitating the energy market. Our core tasks follow from our appointment as grid operator under the Dutch 'Elektriciteitswet' (E-wet) and the German 'Energiewirtschaftsgesetz' (EnWG).
Our ambition concerning profit is connected to one specific United Nations Sustainable Development Goal (SDG). The table below shows how our sustainable development is both transparent and measurable. Unless stated otherwise, the following tables shows aggregated data for the Netherlands and Germany.
Profitability and return on capital are important for TenneT to remain attractive to capital providers and be able to finance our business and anticipated growth. Our profit ambition and investments contribute to SDG 7, which seeks to ensure access to affordable and clean energy for all.
|Long-term goals||Status at the end of 2018||Status at the end of 2017||Status at the end of 2016|
|Return on Invested Capital (ROIC)||ROIC ≥ 4,1% *) ||5.9%||7.1%||7.7%|
|Green financing (EUR billion)||N/A||6.4||5.0||3.0|
*) Our ROIC target is based on an average of the long-term return on capital determined by regulation
TenneT has played an active role in the green finance market over the past three years. Our use of green financing is a logical step for us as we work to connect society to a sustainable and reliable supply of electricity. Green financing instruments are an important tool for financing projects with clear
environmental benefits, such as connecting renewable energy infrastructure. This is particularly valuable as our industry faces the challenge of financing the transition to renewable energy.
We contribute to society and work on creating the best possible environment for our staff and the most positive impact possible for those affected by our work.Read more about our People Targets
We are committed to the environment, which means we minimise and compensate for our impact on the planet wherever possible.