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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 has set ambitious climate commitments, including achieving net-zero carbon emissions for its transportation fleet (Scope 1) by 2030, as well as net-zero carbon emissions for customer end use (Scope 3) by 2045. The company also aims for net-zero carbon for Scope 1 and Scope 2 emissions by 2030, aligning with its Beyond Net Zero Carbon goals and Clean Energy Implementation Plan.
In 2022, PSE reported its Scope 1 emissions at 5,339,892,000 kg CO2e, Scope 2 emissions (market-based) at 219,938,000 kg CO2e, and Scope 3 emissions at 9,770,657,000 kg CO2e. Key categories within Scope 3 included approximately 5,775,555,000 kg CO2e from the use of sold products and 3,995,102,000 kg CO2e from fuel and energy-related activities.
Looking back, in 2021, PSE's Scope 1 emissions were about 5,767,646,000 kg CO2e, Scope 2 emissions (market-based) were 177,987,000 kg CO2e, and Scope 3 emissions totalled approximately 8,875,023,000 kg CO2e, with 5,596,196,000 kg CO2e from the use of sold products and 3,278,827,000 kg CO2e from fuel and energy-related activities.
In 2020, the company's Scope 1 emissions stood at around 4,884,170,000 kg CO2e, Scope 2 emissions (market-based) were 229,949,000 kg CO2e, and Scope 3 emissions reached approximately 8,692,966,000 kg CO2e. Within Scope 3, the use of sold products accounted for about 4,860,623,000 kg CO2e and fuel and energy-related activities for 3,832,343,000 kg CO2e.
While specific total emissions data is not available for 2024, 2023, and 2019, PSE has disclosed GHG emissions intensity data. In 2024, the GHG emissions intensity (Scope 1, 2, and 3) was 3.6e-06 per USD of revenue, a slight decrease from 3.9e-06 per USD of revenue in 2023. This intensity was 3.6 per USD of revenue in 2022, 3.9 per USD of revenue in 2021, and 4.2 per USD of revenue in 2020. Emissions data for PSE is 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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