Duke Energy
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 94% 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 72,000,000,000 kg CO2e from Scope 1, 413,900,000 kg CO2e from Scope 2, and significant contributions from Scope 3 emissions, including 6,800,000,000 kg CO2e from the use of sold products and 22,500,000,000 kg CO2e from fuel and energy-related activities. This reflects a slight decrease in Scope 1 emissions from 77,000,000,000 kg CO2e in 2022, indicating ongoing efforts to reduce their carbon footprint. Duke Energy has set ambitious climate commitments, aiming for net-zero CO2 emissions from electricity generation (Scope 1) by 2050. They also target a 50% reduction in carbon emissions from their generation fleet by 2030, compared to 2005 levels, which equates to a reduction from approximately 153 million short tons to about 75.5 million short tons. Additionally, the company plans to achieve net-zero methane emissions from its natural gas distribution business by 2030. For Scope 2 emissions, Duke Energy aims to reach net-zero by 2050, while also committing to reduce Scope 3 downstream emissions from customer use of natural gas to net-zero by the same year. These initiatives align with their long-term strategy to significantly lower their overall carbon emissions and contribute to global climate goals.
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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 | 00,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Duke Energy 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.
