Momentum maintains high score and achieves 2nd place in ESG benchmark
At Momentum, we are proud to once again achieve a strong result in the international ESG benchmark, GRESB (Global Real Estate Sustainability Benchmark). With a score of 95 out of 100 points, we maintain our position at the top, ranking this year as number 2 in the category ‘Northern Europe On-shore Wind Power Generation’.
2024 marks Momentum’s second year of participating in the GRESB Infrastructure Assessment. The annual assessment evaluates and compares companies’ ESG management and performance within the real estate and infrastructure sectors, based on parameters and topics considered material by investors.
CEO Kim Madsen expresses his great satisfaction with the result: “GRESB continues to raise its reporting standards each year, so I’m proud to have maintained our high score. With increased ESG resources and efforts, it’s fantastic to see our hard work recognized.” He adds: “Our clear goal is to develop and produce green energy in the most sustainable way. Therefore, it is crucial that we effectively and responsibly manage the impacts that our activities have on people and the environment. Here, GRESB also inspires our further work.”
GRESB insights guide future ESG efforts
Reporting to GRESB requires extensive ESG data collection across the entire organization. Momentum’s ESG team has put significant effort into gathering data and preparing responses, with support from colleagues across various departments.
Louise Klintholm, Sustainability & ESG-manager i Momentum, explains, “GRESB reporting is a substantial task, but it also provides great value to us. It gives us a clearer understanding of how our activities – both in our own operations and in our value chain – impact people and the environment, and where key areas for improvement lie. In this way, GRESB reporting helps us strengthen the foundation of our ESG work and guides our efforts toward the most material areas.”
ESG in Practice – New uses for components from decommissioned wind turbines
At Momentum, we specialize in extending the technical lifespan of wind turbines as much as possible. When they reach the end of their technical life, our goal is to reuse as many components as possible in other turbines and ensure that remaining materials are sent for recycling for new uses.
Last spring, we decommissioned a 33-year-old Micon turbine in West Jutland. Around 75% of the used components were sent to storage at our warehouse facility with specific plans for reuse. This included the gearbox, generator, hub, nacelle, control system, and yaw components. We have already reused some of the components in other turbines within our own fleet.
The remaining 98 tons of materials, such as the tower, blades, cables, foundation, etc., were sent to recycling through HJ Hansen Recycling for processing. About 1% went to landfill as there was a waste fraction, that could not be sorted as clean soil.
Our ultimate goal is for no resources from decommissioned turbines to go to waste. Therefore, we are continuously working to rethink, further develop, and systematize our work with circularity.
Watch the video of the decommissioning of the wind turbine in West Jutland, which shows the entire process. You can find the video here: Momentum – End of technical life (UK) on Vimeo.
If you want to know more about our ESG work, read more here
About GRESB
GRESB is an independent organization that provides relevant and transparent environmental, social and governance (ESG) data to the financial market. GRESB independently collects, validates, assesses and benchmarks ESG data, providing investors and asset managers with valuable insights to make informed decisions and promote responsibility in the industry. For more information, visit www.GRESB.com.