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SP Energy Networks
SP Energy Networks, a prominent player in the UK energy sector, is headquartered in Glasgow, GB. Established in 2005, the company has rapidly evolved to become a key provider of electricity distribution services across central and southern Scotland, as well as parts of England and Wales. Specialising in the management and development of electricity networks, SP Energy Networks is committed to delivering reliable and sustainable energy solutions. Their core services include the operation of high-voltage and low-voltage networks, alongside innovative projects aimed at integrating renewable energy sources. Recognised for their commitment to customer service and operational excellence, SP Energy Networks has achieved significant milestones, including substantial investments in infrastructure and technology. This positions them as a leader in the transition to a low-carbon energy future, making them a vital contributor to the UK's energy landscape.
DitchCarbon Score
How does SP Energy Networks'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 Electricity Transmission 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
SP Energy Networks's score of 63 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SP Energy Networks's reported carbon emissions
In 2024, SP Energy Networks reported significant carbon emissions, totalling approximately 164,000,000 kg CO2e. This figure includes 5,580,000 kg CO2e from Scope 1 emissions, which encompass mobile combustion (558,000 kg CO2e), fugitive emissions (16,180,000 kg CO2e), and stationary combustion (29,000 kg CO2e). Additionally, Scope 3 emissions accounted for about 148,177,000 kg CO2e, primarily from fuel and energy-related activities. In 2023, the company’s total emissions were approximately 199,660,000 kg CO2e, with Scope 1 emissions at about 7,793,000 kg CO2e, Scope 2 emissions at approximately 188,785,000 kg CO2e, and Scope 3 emissions at around 3,082,000 kg CO2e. The previous year, 2022, saw total emissions of about 255,160,000 kg CO2e, with Scope 1 at 7,639,000 kg CO2e, Scope 2 at 246,686,000 kg CO2e, and Scope 3 at 835,000 kg CO2e. SP Energy Networks has set ambitious climate commitments, aiming to reduce absolute greenhouse gas emissions across all scopes by 67.2% by FY2034, using FY2018 as the baseline year. This target is aligned with the Science Based Targets initiative (SBTi) and is designed to support the global effort to limit warming to 1.5°C. The reduction targets apply to Scope 1, Scope 2, and Scope 3 emissions, reflecting a comprehensive approach to tackling climate change. The emissions data for SP Energy Networks is cascaded from its parent company, Sp Power Systems Ltd., and is part of a broader commitment to sustainability within the Iberdrola, S.A. corporate family.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 19,638,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 223,987,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | - | - | - | 000,000 | 0,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
SP Energy Networks is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
