TXNM Energy, Inc. Sustainability Profile
TXNM Energy, Inc., headquartered in the United States, is a prominent player in the energy sector, specialising in innovative energy solutions. Founded in 2010, the company has established a strong presence in key operational regions across North America, focusing on renewable energy and sustainable practices. With a commitment to providing cutting-edge energy services, TXNM Energy offers a range of products, including solar energy systems and energy efficiency solutions. Their unique approach combines advanced technology with a customer-centric philosophy, setting them apart in a competitive market. Recognised for their contributions to the industry, TXNM Energy has achieved significant milestones, positioning themselves as a leader in the transition towards sustainable energy. Their dedication to quality and innovation continues to drive their success and influence in the energy landscape.
DitchCarbon Score
How does TXNM 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 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
TXNM Energy, Inc.'s score of 15 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TXNM Energy, Inc.'s reported carbon emissions
In 2020, TXNM Energy, Inc. reported a CO2 emission intensity of approximately 517.1 kg CO2e per MWh of electricity generated. This figure reflects the company's performance in the global energy sector, where it generated revenue of about USD 1.52 billion. Historical data indicates a gradual increase in emission intensity from 2016 to 2019, with values of approximately 595.6 kg CO2e/MWh in 2016, 624.1 kg CO2e/MWh in 2017, 556.1 kg CO2e/MWh in 2018, and 532.9 kg CO2e/MWh in 2019. Currently, TXNM Energy, Inc. has not disclosed specific targets for carbon emissions reduction or any commitments under the Science Based Targets initiative (SBTi). The absence of defined reduction initiatives suggests that the company may be in the early stages of developing a comprehensive climate strategy. As of now, there is no cascaded emissions data from a parent or related organization, indicating that all reported figures are directly from TXNM Energy, Inc. The company operates within a challenging industry context, where energy producers are increasingly pressured to enhance sustainability and reduce carbon footprints.
How Carbon Intensive is TXNM Energy, Inc.'s Industry?
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TXNM 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.
TXNM Energy, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
