Pennon

Pennon's total carbon emissions for 2024 were approximately 368,265,000 kg CO2e. This figure comprises Scope 1 emissions of about 26,737,000 kg CO2e, Scope 2 (market-based) emissions of approximately 25,662,000 kg CO2e, and Scope 3 emissions totalling around 315,867,000 kg CO2e. In 2023, total emissions were approximately 299,747,000 kg CO2e, with Scope 1 at about 28,773,000 kg CO2e, Scope 2 (market-based) at approximately 31,321,000 kg CO2e, and Scope 3 at roughly 239,653,000 kg CO2e.

Pennon has set ambitious climate targets, aiming for Net Zero by 2030 and joining the UN-backed Race to Zero commitment with a target to achieve net zero across its entire value chain by 2045. The company has also committed to reducing its absolute Scope 1 and Scope 2 GHG emissions by 68% by FY2032 from a FY2021 baseline. Furthermore, Pennon aims to reduce absolute Scope 3 GHG emissions from specific categories, including fuel and energy-related activities, waste generated in operations, business travel, and employee commuting, by 30% over the same timeframe. By FY2027/28, 60% of its suppliers by emissions, covering purchased goods and services, capital goods, and upstream transportation and distribution, are expected to have science-based targets.

Recent reporting indicates progress, with GHG emissions against the Net Zero 2030 boundary for Scope 1, Scope 2, and selected Scope 3 operational emissions decreasing by approximately 45.2% as of 2024. Pennon is committed to increasing its sourcing of renewable electricity to 100% by 2030.