Pinnacle West Capital Corp

Conventional Electricity

PNW

$ 75 (3.3)%

Share price

$ 8.5 bn

Market Cap

$ 19 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

18x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

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

GHG emissions and Carbon intensity

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 decreased to 3,008 t (-163 /-5.1% 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.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	11,442	11,329	112		3,804	3,008
2020Q4	11,374	11,257	117	0.77	3,587	3,171
2019Q4	12,312	12,299	14	2.2	3,471	3,547
2018Q4	12,022	12,009	14	2.6	3,691	3,257
2017Q4	10,836	10,822	14	2.7	3,565	3,039

Pinnacle West Capital Corp

Carbon footprint

Primary Climate Goal

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

GHG emissions and Carbon intensity

Pinnacle West Capital Corp's carbon footprint

Company environmental metrics