Veolia Environnement entered the final stage of the transformation of its Karviná heating plant, with the objective of achieving a full coal exit by 2029, while serving approximately 50,000 households. Building on a successful first phase that already reduced coal consumption by nearly a quarter, the project now focuses on deploying a multi-energy cogeneration model designed to combine performance, flexibility and sustainability. At the heart of this transformation is the shift towards a diversified energy mix, combining locally sourced refuse-derived fuel (RDF), biomass and natural gas.
This hybrid configuration enables the plant to adapt to evolving energy needs while significantly lowering its carbon footprint. The future Karvina plant will rely on a balanced and flexible energy mix with 53.19% RDF, primarily produced from locally sorted municipal waste with biomass content. By converting non-recyclable waste into heat and electricity, the plant becomes a key component of the local circular economy.
This approach delivers a double environmental benefit: Reducing methane emissions from landfills, Replacing fossil fuels with alternative, locally available resources. The development of cogeneration capacities further enhances overall efficiency by producing both heat and electricity from the same energy sources, optimizing resource use and limiting losses. This model strengthens local energy autonomy, reduces dependence on imported fossil fuels and contributes to greater price stability for households.
Phase I alone has already delivered a 30% reduction in annual CO2 emissions (approximately 75,000 tonnes), a 53% reduction in nitrogen oxide emissions, and a 72% reduction in sulphur dioxide emissions. Phase II (2025-2029) will decommission the remaining four coal-fired boilers. They will be replaced with a multi-fuel boiler for solid alternative fuels and biomass, a new steam turbine, and additional gas cogeneration sources.
This phase will reduce CO2 emissions by 200,000 tonnes compared to pre-decarbonization levels, equivalent to removing approximately 47,000 passenger cars from the road for one year.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (39.8%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (34.8%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (25.4%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (19.3%), the United States (10.5%), Germany (7%), Spain (6.8%), Poland (6.8%), the United Kingdom (6.7%), Czech Republic (4.9%), Australia (4.6%), Italy (2.6%), Belgium (2.4%), Hungary (2.4%), Morocco (2.1%), China (2%), Chile (1.8%), Japan (1.4%), Hong Kong (1.3%), Slovakia (1.1%), and other (16.3%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.