Pnm Resources
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 67% 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 4,844,547,000 kg CO2e for Scope 1 and about 339,439,000 kg CO2e for Scope 2. This reflects a decrease from 2021, where emissions were approximately 5,571,596,000 kg CO2e for Scope 1 and about 296,376,000 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 as part of their climate commitments. The absence of documented reduction targets suggests a need for further strategic planning in their sustainability efforts. The company continues to report on its emissions and CO2 intensity, which was approximately 419.57 lbs/MWh in 2022, indicating ongoing monitoring of their environmental impact. Overall, while PNM Resources has made strides in reducing its emissions, the lack of formal reduction targets highlights an area for potential improvement in their climate strategy.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 5,523,928,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 271,145,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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.
Pnm Resources is not participating in any 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.
