Pinnacle West Capital Corp

Conventional Electricity
PNW
$ 74 0.67
Share price
$ 8.3 bn
Market Cap
$ 16 bn
Enterprise Value

Carbon footprint

696 Ton
GHG emissions per $ 1 mln investment
25x the weighted average for S&P 500
FY2020
How is this calculated?
-7.6%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Pinnacle West Capital Corp aims to achieve net zero for Scope 1 + 2 by 2050


This target has not been verified as science based according to SBTi
Pinnacle West Capital Corp's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Pinnacle West Capital Corp's GHG emissions (market-based) (Kt of CO2e)
Pinnacle West Capital Corp's Carbon intensity (Tons per 1 USDm)

Pinnacle West Capital Corp's carbon footprint

Pinnacle West Capital Corp reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 11,374 Kt (-938 /-7.6% y-o-y). Also positively, carbon intensity tumbled to 3,171 t (-376 /-10.6% y-o-y).

Pinnacle West Capital Corp's Scope 3 emissions tumbled to 0.77 Kt (-1.4 /-64.8% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-27% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -379 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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