Black Hills Corp

Common Name
Black Hills
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Gas
Employees
2,841
Ticker
BKH
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Black Hills Corporation is a diversified energy company primarily serving customers in several Midwestern and Western states in the United States. Its main function is to provide essential utility ser...

Black Hills's GHG Emissions Data Preview

In 2023, Black Hills completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Black Hills has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Black Hills’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Black Hills’s data sources below and access millions more through our Disclosure Search.

a. Black Hills's Sustainability Report 2023
a. Black Hills's Sustainability Report 2023
b. Black Hills's Sustainability Report 2022
b. Black Hills's Sustainability Report 2022

Insights into Black Hills's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Black Hills amounted to 4,516,305 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Black Hills increased by 2.33%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Black Hills's Scope 1 Emissions Over Time

2022202301.5 M3 M4.5 M6 MtCO2e+2%
  • Total Scope 1
  • Year-over-Year Change

What are Black Hills's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Black Hills were 4,512,017 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Black Hills's Scope 1 emissions increased by 2.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Black Hills's Scope 2 emissions?

In 2023, Black Hills reported Scope 2 greenhouse gas (GHG) emissions of 4,288 tCO₂e without specifying the calculation method. a

Has Black Hills reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Black Hills's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Black Hills 's emissions have plateaued with no significant change in its energy consumption footprint. a b

What methodology does Black Hills use for Scope 2 reporting?

In 2023, Black Hills reported its Scope 2 emissions using an unspecified methodology. a

Black Hills's Scope 2 Emissions Over Time

2022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Black Hills's Value Chain Emissions

In 2023, Black Hills reported 9,220,534 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Black Hills includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Black Hills's Scope 3 Emissions Over Time

2022202303 M6 M9 M12 MtCO2e-10%
  • Total Scope 3
  • Year-over-Year Change

What are Black Hills's Scope 3 emissions?

In 2023, Black Hills reported total Scope 3 emissions of 9,220,534 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Black Hills's Scope 3 emissions decreased by 10.27%, highlighting the company's efforts to lower indirect emissions from its value chain. a b

Insights into Black Hills’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Black Hills reported Scope 1 greenhouse gas (GHG) emissions of 4,512,017 tCO₂e and total revenues of USD 2,331 millions. This translates into an emissions intensity of 1,935.41 tCO₂e per millions USD. a

Black Hills's Scope 1 Emissions Intensity Compared to Peers

1,00020,000500,00010,000,000200,000,000Scope 1 Emissions (tCO2e)2005002,00010,00050,000Revenues (Millions of USD)NiSourceYear: 2023Scope 1: 5,492,279 tCO2eRevenue: $M 5,505Scope 1 Intensity: 997.62 tCO2e/$MCalifornia Water Service GroupYear: 2023Scope 1: 8,210 tCO2eRevenue: $M 795Scope 1 Intensity: 10.33 tCO2e/$MSouthwest Gas HoldingsYear: 2022Scope 1: 375,224 tCO2eRevenue: $M 4,960Scope 1 Intensity: 75.65 tCO2e/$MChesapeake UtilitiesYear: 2023Scope 1: 192,505 tCO2eRevenue: $M 671Scope 1 Intensity: 287.06 tCO2e/$MSpireYear: 2023Scope 1: 333,327 tCO2eRevenue: $M 2,666Scope 1 Intensity: 125.01 tCO2e/$MAtmos EnergyYear: 2023Scope 1: 156,162 tCO2eRevenue: $M 4,275Scope 1 Intensity: 36.53 tCO2e/$MMDU Resources GroupYear: 2023Scope 1: 1,963,433 tCO2eRevenue: $M 4,657Scope 1 Intensity: 421.58 tCO2e/$MALLETEYear: 2023Scope 1: 4,288,000 tCO2eRevenue: $M 1,880Scope 1 Intensity: 2,281.09 tCO2e/$MUGIYear: 2023Scope 1: 1,070,316 tCO2eRevenue: $M 8,928Scope 1 Intensity: 119.88 tCO2e/$MSempraYear: 2023Scope 1: 6,800,000 tCO2eRevenue: $M 16,720Scope 1 Intensity: 406.70 tCO2e/$MAvistaYear: 2022Scope 1: 2,458,675 tCO2eRevenue: $M 1,710Scope 1 Intensity: 1,437.65 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$MDominion EnergyYear: 2023Scope 1: 29,500,000 tCO2eRevenue: $M 14,393Scope 1 Intensity: 2,049.61 tCO2e/$MPSEGYear: 2023Scope 1: 549,002 tCO2eRevenue: $M 11,237Scope 1 Intensity: 48.86 tCO2e/$MHawaiian Electric IndustriesYear: 2023Scope 1: 4,418,816 tCO2eRevenue: $M 3,682Scope 1 Intensity: 1,200.06 tCO2e/$MNew Jersey ResourcesYear: 2023Scope 1: 50,068 tCO2eRevenue: $M 1,963Scope 1 Intensity: 25.51 tCO2e/$MClearway EnergyYear: 2023Scope 1: 540,000 tCO2eRevenue: $M 1,314Scope 1 Intensity: 410.96 tCO2e/$MONE GasYear: 2023Scope 1: 417,058 tCO2eRevenue: $M 2,372Scope 1 Intensity: 175.83 tCO2e/$MAESYear: 2023Scope 1: 33,401,000 tCO2eRevenue: $M 12,668Scope 1 Intensity: 2,636.64 tCO2e/$MXcel EnergyYear: 2023Scope 1: 36,180,000 tCO2eRevenue: $M 14,206Scope 1 Intensity: 2,546.81 tCO2e/$MBrookfield RenewableYear: 2024Scope 1: 134,654 tCO2eRevenue: $M 4,142Scope 1 Intensity: 32.51 tCO2e/$MIdacorpYear: 2024Scope 1: 4,130,000 tCO2eRevenue: $M 1,827Scope 1 Intensity: 2,260.99 tCO2e/$MEversource EnergyYear: 2023Scope 1: 158,122 tCO2eRevenue: $M 11,911Scope 1 Intensity: 13.28 tCO2e/$MBlack HillsYear: 2023Scope 1: 4,512,017 tCO2eRevenue: $M 2,331Scope 1 Intensity: 1,935.41 tCO2e/$M

How does Black Hills's GHG emissions intensity compare to its peers?

In 2023, Black Hills reported a Scope 1 emissions intensity of 1,935.41 tCO₂e per millions USD. Compared to the peer group median of 406.7 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Black Hills rank on GHG emissions intensity within its industry?

In 2023, Black Hills ranked 18 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Black Hills is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Black Hills's Total Carbon Footprint

In 2023, Black Hills reported a total carbon footprint of 13,736,839 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.48% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Black Hills's total carbon footprint was Scope 3 emissions, accounting for 67.12% of the company's total carbon footprint, followed by Scope 1 emissions at 32.85%. a

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