Pnm Resources Sustainability Profile
PNM Resources, Inc., a prominent player in the energy sector, is headquartered in the United States, specifically in Albuquerque, New Mexico. Founded in 1917, the company has established itself as a leader in providing electricity and natural gas services across New Mexico and Texas. PNM Resources operates primarily through its subsidiaries, including Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), delivering reliable energy solutions to residential and commercial customers. The company is recognised for its commitment to sustainable energy practices, offering a diverse range of services that include renewable energy options and energy efficiency programmes. PNM Resources has achieved significant milestones, including advancements in clean energy initiatives, positioning itself as a forward-thinking utility provider. With a strong market presence, PNM Resources continues to innovate, ensuring a reliable energy future for its communities.
DitchCarbon Score
How does Pnm Resources'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
Pnm Resources's score of 15 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pnm Resources's reported carbon emissions
In 2022, PNM Resources reported total carbon emissions of approximately 4,844,547,041 kg CO2e for Scope 1 and approximately 339,438,593 kg CO2e for Scope 2. This reflects a decrease from 2021, where emissions were about 5,571,595,736 kg CO2e for Scope 1 and approximately 296,376,347 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions data. Despite these reductions, PNM Resources has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. The reported emissions data is not cascaded from any parent organisation, indicating that PNM Resources operates independently in its emissions reporting. The company continues to focus on improving its sustainability practices, although further commitments and targets would strengthen its climate strategy.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 5,523,927,714.12 | 0,000,000,000.00 | 0,000,000,000.00 |
| Scope 2 | 271,144,818.2 | 000,000,000.00 | 000,000,000.00 |
| Scope 3 | - | - | - |
How Carbon Intensive is Pnm Resources's Industry?
How Carbon Intensive is Pnm Resources's Location?
Pnm Resources'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.
Pnm Resources 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.
