National Grid plc

Multi-Utilities / Electric Utilities / Gas Utilities
NGG
$ 66 (0.45)%
Share price
$ 49 bn
Market Cap
$ 288 bn
Enterprise Value

Carbon footprint

24 Ton
GHG emissions per $ 1 mln investment
0.72x the weighted average for S&P 500
FY2021
How is this calculated?
+7.1%
YOY change in GHG emissions
Weaker than the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

National Grid plc's GHG emissions (market-based) (Kt of CO2e)
National Grid plc's Carbon intensity (Tons per 1 USDm)

National Grid plc's carbon footprint

National Grid plc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 6,991 Kt (+464/+7.1% y-o-y). Carbon intensity also grew to 381 t (+37/+11% y-o-y).

National Grid plc's Scope 3 emissions tumbled to 28,948 Kt (-1,901 /-6.2% y-o-y). The decline accelerated compared to the CAGR of -4.6% since 1Q'19.

The company is committed to reducing Scope 3 by 37.5% by 2034 from a base year 2019, which translates into the estimated reduction of -626 Kt per annum over the period of FY2022 - FY2034. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

National Grid plc also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Multinational energy utility National Grid PLC commits to reduce absolute scope 1 and 2 GHG emissions 60% by 2030 from a 2018 base-year. National Grid PLC commits to reduce scope 1 GHG emissions from power generation 90% per MWh by 2030, and 92% per MWh by 2033 from a 2018 base year. National Grid PLC commits to reduce all other absolute scope 1 and 2 GHG emissions 50% over the same timeframe. National Grid PLC commits to reduce scope 1 and scope 3 category 3 emissions from all generated and sold electricity 86% per MWh by 2033 from a 2018 base year. National Grid PLC commits to reduce all absolute scope 3 GHG emissions 37.5% by 2033 from a 2018 base year. National Grid commits to reduce absolute emissions from gas distributed by third-parties 37.5% within the same timeframe.

Company environmental metrics

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