Pinnacle Renewable Energy Inc. Sustainability Profile
Pinnacle Renewable Energy Inc., commonly referred to as Pinnacle, is a leading player in the biomass energy sector, headquartered in Canada. Established in 2008, the company has rapidly expanded its operations across North America, focusing on the production of high-quality wood pellets. These pellets serve as a sustainable alternative to fossil fuels, catering to both domestic and international markets. Pinnacle's core offerings include premium wood pellets, which are distinguished by their low emissions and high energy content. The company has achieved significant milestones, including the development of multiple production facilities, positioning itself as a key supplier in the renewable energy landscape. With a commitment to sustainability and innovation, Pinnacle Renewable Energy continues to enhance its market presence, contributing to a greener future.
DitchCarbon Score
How does Pinnacle Renewable Energy Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Pinnacle Renewable Energy Inc.'s score of 69 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pinnacle Renewable Energy Inc., headquartered in Canada, currently does not have available emissions data for the most recent year. As a current subsidiary of Drax Group plc, any climate commitments or emissions data may be inherited from this parent organisation. Pinnacle Renewable Energy Inc. has not specified any reduction targets or initiatives in its own documentation. However, it is important to note that the company is linked to Drax Group plc, which has established various climate initiatives, including Science Based Targets (SBTi) and participation in the Carbon Disclosure Project (CDP). These initiatives aim to drive significant reductions in carbon emissions across their operations. As of now, Pinnacle Renewable Energy Inc. has not publicly disclosed specific emissions figures or reduction commitments, indicating a potential area for future transparency and accountability in their climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,049,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 322,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Pinnacle Renewable Energy Inc.'s Industry?
How Carbon Intensive is Pinnacle Renewable Energy Inc.'s Location?
Pinnacle Renewable Energy Inc.'s Scope 3 Categories Breakdown
Pinnacle Renewable Energy Inc.'s Scope 3 emissions, which decreased by 19% last year and decreased by approximately 9% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 47% of Scope 3 emissions.
Top Scope 3 Categories
Pinnacle Renewable Energy Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Pinnacle Renewable Energy Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
