Drax Group PLC

Common Name
Drax Group
Country
United Kingdom
Sector
Utilities
Industry
Utilities - Renewable
Employees
3,250
Ticker
DRX
Exchange
LONDON STOCK EXCHANGE
Description
Drax Group Plc is a British energy company primarily focused on electricity generation. It operates one of the largest power stations in the United Kingdom, located in North Yorkshire, which has trans...

Drax Group's Climate Target Data Preview

As of 2024, Drax Group has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Drax Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
a
2030
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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a
2030
Intensity-based Target
Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Sold
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Drax Group’s Climate Targets Data

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a. Drax Group's Annual Report 2024
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Insights into Drax Group's Greenhouse Gas Emissions Pathways

As of 2024, Drax Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Drax Group have a target to reduce the emissions from its operations?

As of 2024, Drax Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Drax Group's most ambitious operational target is to reduce these emissions by 75.7% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2020. a

Drax Group has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule. a

Drax Group's Operational (Scope 1+2) Emissions Pathway

20202024203000000BaselineCurrent (-87%)Target 2030 (-76%)

Does Drax Group have a target to reduce the emissions from its value chain?

As of 2024, Drax Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Drax Group's most ambitious value chain target is to reduce these emissions by 75.7% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Sold in 2020. a

Drax Group has already surpassed its value chain emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule. a

Drax Group's Value Chain (Scope 3) Emissions Pathway

20202024203000000BaselineCurrent (-80%)
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