Pennon

Pennon, a UK-based real estate services company, reported total carbon emissions of approximately 368.3 million kg CO2e in 2024. This figure includes Scope 1 emissions of about 26.7 million kg CO2e, Scope 2 market-based emissions of approximately 25.7 million kg CO2e, and Scope 3 emissions totalling around 315.9 million kg CO2e.

Looking back, Pennon's total emissions fluctuated, with approximately 299.7 million kg CO2e in 2023, 402.4 million kg CO2e in 2022, 234.2 million kg CO2e in 2021, and 2.7 billion kg CO2e in 2020. In 2019, total emissions were around 1.7 billion kg CO2e, and in 2018, they were about 2 billion kg CO2e. The earliest available data from 2017 shows total emissions of approximately 1.8 billion kg CO2e, and in 2016, emissions were around 1.66 billion kg CO2e.

Pennon has set ambitious climate commitments. The company aims to achieve Net Zero operational carbon emissions by 2030 and joined the UN-backed Race to Zero commitment, targeting GHG emissions across its entire value chain by 2045. As part of its Science Based Targets initiative (SBTi) commitment, Pennon Group plc commits to reduce absolute Scope 1 and 2 GHG emissions by 63.09% by FY2032 from a FY2021 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions from specific categories (fuel- and energy-related activities, waste generated in operations, business travel, employee commuting, upstream leased assets, and use of sold products) by 30% by FY2032 from a FY2021 base year. Furthermore, Pennon commits that 60% of its suppliers by emissions covering purchased goods and services, capital goods, and upstream transportation and distribution will have science-based targets by FY2027. Pennon also intends to increase its active annual sourcing of renewable electricity from 18.0% in FY2021 to 100% by FY2030 and maintain this through FY2032.