National Grid plc

Multi-Utilities / Electric Utilities / Gas Utilities
NGG
$ 53 (2.5)%
Share price
$ 38 bn
Market Cap
$ 82 bn
Enterprise Value

Carbon footprint

85 Ton
GHG emissions per $ 1 mln investment
2.2x the weighted average for S&P 500
FY2021
How is this calculated?
+7.1%
YOY change in GHG emissions
Stronger than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-4.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

National Grid plc aims to reduce Scope 1 + 2 by 80% by 2030 from a base year 1991


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

Secondary Climate Goal

-2.2%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.2% weighted average for S&P 500
FY2022
How is this calculated?

National Grid plc aims to reduce Scope 3 by 37.5% by 2034 from a base year 2019


<2°C
National Grid plc's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

National Grid plc's GHG emissions (location-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 - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 6,943 Kt (+459/+7.1% y-o-y). Carbon intensity also was up at 379 t (+36/+11% y-o-y).

National Grid plc's Scope 3 emissions plunged to 28,948 Kt (-1,901 /-6.2% y-o-y). This is a higher rate of decline than over the period since 1Q'19 (-4.6% CAGR).

The company is committed to reducing Scope 1 + 2 by 80% by 2030 from a base year 1991, which translates into the estimated reduction of -291 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits 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 science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Company environmental metrics

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