Duke Energy Sustainability Profile
Duke Energy Corporation, a leading energy company in the United States, is headquartered in Charlotte, North Carolina. Established in 1904, Duke Energy has evolved into a major player in the electric utility industry, serving millions of customers across the Carolinas, Florida, and the Midwest. The company focuses on the generation, transmission, and distribution of electricity, with a strong commitment to renewable energy sources and sustainability. Duke Energy's core services include electric power generation, natural gas distribution, and energy efficiency programmes, setting it apart with its innovative approach to clean energy solutions. Notably, the company has made significant strides in reducing carbon emissions and expanding its renewable energy portfolio. With a robust market position, Duke Energy is recognised for its reliability and commitment to customer service, making it a trusted name in the energy sector.
DitchCarbon Score
How does Duke Energy'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 from Other Sources 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
Duke Energy's score of 53 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Duke Energy's reported carbon emissions
In 2023, Duke Energy reported total carbon emissions of approximately 14,500,000 kg CO2e, comprising 10,000,000 kg CO2e from Scope 1, 4,000,000 kg CO2e from Scope 2, and 500,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from business travel (8,100,000 kg CO2e) and the use of sold products (6,800,000 kg CO2e). Duke Energy has set ambitious climate commitments, aiming for net-zero CO2 emissions from electricity generation (Scope 1) by 2050. Additionally, the company targets a reduction of at least 50% in carbon emissions from its generation fleet by 2030, relative to 2005 levels, which equates to a decrease from 153 million short tons to 75.5 million short tons. They also plan to achieve net-zero methane emissions from their natural gas distribution business by 2030. For Scope 2 emissions, Duke Energy aims to reach net-zero by 2050. Furthermore, they are committed to reducing Scope 3 downstream emissions from customer use of natural gas to net-zero by 2050, alongside upstream emissions related to the procurement of fossil fuels. These initiatives reflect Duke Energy's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards and expectations for sustainability.
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| 2005 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 139,000,000,000 | 000,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 000,000 |
How Carbon Intensive is Duke Energy's Industry?
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Duke Energy's Scope 3 Categories Breakdown
Duke Energy's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 100% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 3% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 4500000% of Scope 3 emissions.
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Duke Energy'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.
Duke Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
