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PSE, or Puget Sound Energy, is a prominent player in the electricity sector, headquartered in the United States. Established in 1997, the company primarily serves the Pacific Northwest, providing reliable energy solutions to millions of customers across Washington State. Operating within the electricity nec (not elsewhere classified) industry, PSE focuses on delivering sustainable energy services, including renewable energy options and energy efficiency programmes.
PSE is recognised for its commitment to innovation and environmental stewardship, offering unique products such as green energy programmes that allow customers to support renewable sources. With a strong market position, PSE has achieved significant milestones in reducing carbon emissions and enhancing grid reliability, making it a leader in the transition towards a cleaner energy future.
-6 vs industry average
Pse’s score of 10 is lower than 32% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electricity from Other Sources is among the most carbon-intensive industries
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
PSE, headquartered in the US and operating in the Electricity nec industry, reported Scope 1 emissions of approximately 5.34 billion kg CO2e in 2022. Its Scope 2 emissions (market-based) for the same year were about 219.9 million kg CO2e, and Scope 3 emissions were approximately 9.77 billion kg CO2e, including 5.78 billion kg CO2e from use of sold products and 3.99 billion kg CO2e from fuel and energy-related activities.
For 2021, PSE’s Scope 1 emissions were approximately 5.77 billion kg CO2e. Scope 2 emissions (market-based) were around 178.0 million kg CO2e, and Scope 3 emissions totalled about 8.88 billion kg CO2e, with 5.60 billion kg CO2e from use of sold products and 3.28 billion kg CO2e from fuel and energy-related activities.
In 2020, PSE’s Scope 1 emissions were approximately 4.88 billion kg CO2e. Scope 2 emissions (market-based) were about 229.9 million kg CO2e, and Scope 3 emissions were around 8.69 billion kg CO2e, including 4.86 billion kg CO2e from use of sold products and 3.83 billion kg CO2e from fuel and energy-related activities.
PSE has set several climate commitments. The company aims for net-zero carbon from its transportation fleet for operations by 2030 (Scope 1). Additionally, it targets net-zero carbon emissions for customer end-use by 2045 (Scope 3 total). PSE has also embraced net-zero carbon goals for Scope 1 and Scope 2 emissions by 2030, aligning with the spirit of CETA and its Clean Energy Implementation Plan. Emissions data and reduction initiatives are inherited from its parent company, Puget Sound Energy, Inc.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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