Drax

Drax, headquartered in GB and operating in the Electricity nec industry, reported Scope 1 emissions of approximately 300 million kg CO2e, Scope 2 emissions of about 200 million kg CO2e, and Scope 3 emissions of around 3.5 billion kg CO2e in 2023. Their total calculated emissions for 2023 were 4 billion kg CO2e. This follows total emissions of approximately 3.7 billion kg CO2e in 2022 and 4.3 billion kg CO2e in 2021.

Drax has set ambitious climate commitments, aiming to achieve net zero across all Scope 1, 2, and 3 emissions by 2030. Specifically, they are developing options for Bioenergy with Carbon Capture and Storage (BECCS) at Drax Power Station, targeting 8 million tonnes per annum of negative emissions by 2030. Their long-term goal is to deliver carbon removals far in excess of emissions by 2050.

For non-generation emissions, Drax aims for a 42% reduction in Scope 1 and 2 emissions by 2030, and a 42% reduction in Scope 3 emissions by 2030, both against a 2020 baseline. For electricity generation, they are targeting a 75.7% reduction in Scope 1 and 2 GHG emissions per MWh by 2030 from a 2020 base year, with a similar reduction target for Scope 1, 2, and 3 GHG emissions from all sold electricity.

Drax is committed to net zero by 2040 for all scopes, awaiting validation of this target from the SBTi. The company is also a BA1.5 member, committing to reductions consistent with keeping warming to 1.5°C.