Pnm Resources
PNM Resources, Inc., a prominent player in the energy sector, is headquartered in the United States, specifically in Albuquerque, New Mexico. Founded in 1917, the company has established itself as a leader in providing electricity and natural gas services across New Mexico and Texas. PNM Resources operates primarily through its subsidiaries, including Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), delivering reliable energy solutions to residential and commercial customers.
The company is recognised for its commitment to sustainable energy practices, offering a diverse range of services that include renewable energy options and energy efficiency programmes. PNM Resources has achieved significant milestones, including advancements in clean energy initiatives, positioning itself as a forward-thinking utility provider. With a strong market presence, PNM Resources continues to innovate, ensuring a reliable energy future for its communities.
-12 vs industry average
Pnm Resources’s score of 3 is lower than 12% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Pnm Resources's reported carbon emissions
In 2022, PNM Resources reported total carbon emissions of approximately 4.8 billion kg CO2e, comprising 4.8 billion kg CO2e from Scope 1 emissions and about 339.4 million kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Over the years, PNM Resources has shown a trend in emissions reduction, with 2021 emissions recorded at approximately 5.6 billion kg CO2e and 2020 emissions at about 5.5 billion kg CO2e. This indicates a decrease in emissions from 2021 to 2022, reflecting the company's ongoing efforts to improve its environmental impact. Despite these reductions, PNM Resources has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while the company is actively managing its emissions, it has not formalised its commitments to specific future reductions. PNM Resources operates within the US and is focused on enhancing its sustainability practices, although further details on specific initiatives or commitments are not available at this time.
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Pnm Resources’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Pnm Resources yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Pnm Resources
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