Pinnacle West Capital Corp

Conventional Electricity
PNW
$ 71 (2)%
Share price
$ 8.1 bn
Market Cap
$ 17 bn
Enterprise Value

Carbon footprint

676 Ton
GHG emissions per $ 1 mln investment
17x the weighted average for S&P 500
FY2021
How is this calculated?
+0.6%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.4%
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?

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 2021 at 11,442 Kt (+68/+0.6% y-o-y). At the sime time, carbon intensity plunged to 3,171 t (-376 /-10.6% y-o-y).

Pinnacle West Capital Corp's Scope 3 emissions plunged to 0.77 Kt (-1.4 /-64.8% y-o-y). The decline accelerated compared to the CAGR of -27% since 4Q'17.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -395 Kt per annum over the period of FY2022 - 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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