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 GHG Emissions Data Preview

In 2023, Drax Group 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).

Drax Group has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Drax Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Drax Group amounted to 486,000 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Drax Group decreased by 27.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Drax Group's Scope 1 Emissions Over Time

20202021202220230450 k900 k1.35 M1.8 MtCO2e-45%-64%-24%
  • Total Scope 1
  • Year-over-Year Change

What are Drax Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Drax Group were 255,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Drax Group reduced its Scope 1 emissions over time?

Since 2020, Drax Group's Scope 1 emissions have decreased by 84.94%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Drax Group's Scope 1 emissions decreased by 24.11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Drax Group's Scope 2 emissions?

In 2023, Drax Group reported Scope 2 greenhouse gas (GHG) emissions of 273,000 tCOâ‚‚e using the market-based method and 231,000 tCOâ‚‚e using the location-based method.

Has Drax Group reduced its Scope 2 emissions over time?

Since 2020, Drax Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 16.61%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Drax Group's Scope 2 emissions (Location-Based) fell by 30.63% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Drax Group use for Scope 2 reporting?

In 2023, Drax Group reported its Scope 2 emissions using the market-based method and using the location-based method.

Drax Group's Scope 2 Emissions Over Time

2020202120222023085 k170 k255 k340 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Drax Group's Value Chain Emissions

In 2023, Drax Group reported 3,534,369 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Drax Group includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Drax Group's Scope 3 Emissions Over Time

20202021202220230900 k1.8 M2.7 M3.6 MtCO2e-12%0%+13%
  • Total Scope 3
  • Year-over-Year Change

What are Drax Group's Scope 3 emissions?

In 2023, Drax Group reported total Scope 3 emissions of 3,534,369 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 76.9% of these emissions originated from upstream activities such as purchased goods and capital goods, while 23.1% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Drax Group reduced its Scope 3 emissions over time?

Since 2020, Drax Group's Scope 3 emissions have remained relatively stable, indicating that Drax Group 's emissions have plateaued with no significant change in its value chain footprint.

Compared to the previous year (2022), Drax Group's Scope 3 emissions increased by 13.16%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Drax Group disclose?

In 2023, Drax Group reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Drax Group's Scope 3 emissions?

In 2023, the largest contributors to Drax Group's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 1,215,553 tCOâ‚‚e (34.39%)
  • Purchased Goods and Services (Cat. 1): 891,672 tCOâ‚‚e (25.23%)
  • Use of Sold Products (Cat. 11): 815,668 tCOâ‚‚e (23.08%)

Drax Group's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(23.1%)Fuel- andEnergy-RelatedServices (Cat. 3)(34.4%)Purchased Goods andServices (Cat. 1)(25.2%)

Insights into Drax Group's Total Carbon Footprint

In 2023, Drax Group reported a total carbon footprint of 4,020,369 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.01% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Drax Group's total carbon footprint was Scope 3 emissions, accounting for 87.91% of the company's total carbon footprint, followed by Scope 1 emissions at 6.34%.

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