Essential Utilities Inc

Common Name
Essential Utilities
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Water
Employees
3,291
Ticker
WTRG
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Essential Utilities Inc., a leading public utility holding company based in the United States, primarily focuses on water and wastewater services. The company stands out as a crucial provider in the u...

Essential Utilities's GHG Emissions Data Preview

In 2023, Essential Utilities 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).

Essential Utilities has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Essential Utilities’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 Essential Utilities’s data sources below and access millions more through our Disclosure Search.

a. Essential Utilities's TCFD Report 2023
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Insights into Essential Utilities's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Essential Utilities amounted to 1,044,710 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 Essential Utilities decreased by 5.37%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Essential Utilities's Scope 1 Emissions Over Time

201920202021202220230300 k600 k900 k1.2 MtCO2e-4%-3%-5%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Essential Utilities's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Essential Utilities were 926,130 metric tons of CO₂ equivalent (tCO₂e). a

Has Essential Utilities reduced its Scope 1 emissions over time?

Since 2019, Essential Utilities's Scope 1 emissions have decreased by 16.34%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Essential Utilities's Scope 1 emissions decreased by 5.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Essential Utilities's Scope 2 emissions?

In 2023, Essential Utilities reported Scope 2 greenhouse gas (GHG) emissions of 82,784 tCO₂e using the market-based method and 118,580 tCO₂e using the location-based method. a

Has Essential Utilities reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Essential Utilities's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Essential Utilities 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Essential Utilities use for Scope 2 reporting?

In 2023, Essential Utilities reported its Scope 2 emissions using the market-based method and using the location-based method. a

Essential Utilities's Scope 2 Emissions Over Time

20192020202120222023060 k120 k180 k240 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Essential Utilities's Value Chain Emissions

In 2023, Essential Utilities reported 16,389,772 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 Essential Utilities includes a breakdown across 5 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 a

Essential Utilities's Scope 3 Emissions Over Time

2019202020212022202305 M10 M15 M20 MtCO2e+15537%0%+4%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Essential Utilities's Scope 3 emissions?

In 2023, Essential Utilities reported total Scope 3 emissions of 16,389,772 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Essential Utilities reduced its Scope 3 emissions over time?

Since 2019, Essential Utilities's Scope 3 emissions have increased by 14,708.92%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Essential Utilities's Scope 3 emissions remained relatively stable, indicating that Essential Utilities 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Essential Utilities disclose?

In 2023, Essential Utilities reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Essential Utilities's Scope 3 emissions?

In 2023, the largest contributors to Essential Utilities's Scope 3 emissions were: a

  • Capital Goods (Cat. 2): 59,070 tCO₂e (49.54%)
  • Purchased Goods and Services (Cat. 1): 30,810 tCO₂e (25.84%)
  • Fuel- and Energy-Related Services (Cat. 3): 26,916 tCO₂e (22.58%)

Essential Utilities's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(22.6%)Purchased Goods andServices (Cat. 1)(25.8%)Capital Goods(Cat. 2)(49.5%)

Insights into Essential Utilities’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Essential Utilities reported Scope 1 greenhouse gas (GHG) emissions of 926,130 tCO₂e and total revenues of USD 2,054 millions. This translates into an emissions intensity of 450.93 tCO₂e per millions USD. a

Essential Utilities's Scope 1 Emissions Intensity Compared to Peers

50010,000500,00010,000,000200,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)Portland General ElectricYear: 2023Scope 1: 6,843,029 tCO2eRevenue: $M 2,923Scope 1 Intensity: 2,341.10 tCO2e/$MPinnacle West CapitalYear: 2023Scope 1: 10,628,383 tCO2eRevenue: $M 4,696Scope 1 Intensity: 2,263.29 tCO2e/$MCalifornia Water Service GroupYear: 2023Scope 1: 8,210 tCO2eRevenue: $M 795Scope 1 Intensity: 10.33 tCO2e/$MSouthwest Gas HoldingsYear: 2022Scope 1: 375,224 tCO2eRevenue: $M 4,960Scope 1 Intensity: 75.65 tCO2e/$MEdison InternationalYear: 2023Scope 1: 1,200,000 tCO2eRevenue: $M 16,338Scope 1 Intensity: 73.45 tCO2e/$MOGE EnergyYear: 2023Scope 1: 9,040,683 tCO2eRevenue: $M 2,674Scope 1 Intensity: 3,380.58 tCO2e/$MSpireYear: 2023Scope 1: 333,327 tCO2eRevenue: $M 2,666Scope 1 Intensity: 125.01 tCO2e/$MAtmos EnergyYear: 2023Scope 1: 156,162 tCO2eRevenue: $M 4,275Scope 1 Intensity: 36.53 tCO2e/$MAlliant EnergyYear: 2023Scope 1: 13,631,273 tCO2eRevenue: $M 4,027Scope 1 Intensity: 3,384.97 tCO2e/$MAmerican Water WorksYear: 2023Scope 1: 74,877 tCO2eRevenue: $M 4,234Scope 1 Intensity: 17.68 tCO2e/$MOrmat TechnologiesYear: 2023Scope 1: 171,778 tCO2eRevenue: $M 829Scope 1 Intensity: 207.11 tCO2e/$MNextera EnergyYear: 2023Scope 1: 42,278,597 tCO2eRevenue: $M 28,114Scope 1 Intensity: 1,503.83 tCO2e/$MConstellation EnergyYear: 2023Scope 1: 9,679,181 tCO2eRevenue: $M 24,918Scope 1 Intensity: 388.44 tCO2e/$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: 2023Scope 1: 23,429,233 tCO2eRevenue: $M 5,508Scope 1 Intensity: 4,253.52 tCO2e/$MBlack HillsYear: 2023Scope 1: 4,512,017 tCO2eRevenue: $M 2,331Scope 1 Intensity: 1,935.41 tCO2e/$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: $M 1,963Scope 1 Intensity: 25.51 tCO2e/$MBrookfield RenewableYear: 2023Scope 1: 144,678 tCO2eRevenue: $M 3,967Scope 1 Intensity: 36.47 tCO2e/$MAmerican States WaterYear: 2023Scope 1: 2,608 tCO2eRevenue: $M 596Scope 1 Intensity: 4.38 tCO2e/$MEssential UtilitiesYear: 2023Scope 1: 926,130 tCO2eRevenue: $M 2,054Scope 1 Intensity: 450.93 tCO2e/$M

How does Essential Utilities's GHG emissions intensity compare to its peers?

In 2023, Essential Utilities reported a Scope 1 emissions intensity of 450.93 tCO₂e per millions USD. Compared to the peer group median of 388.44, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Essential Utilities rank on GHG emissions intensity within its industry?

In 2023, Essential Utilities ranked 14 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Essential Utilities's Total Carbon Footprint

In 2023, Essential Utilities reported a total carbon footprint of 17,434,482 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.93% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Essential Utilities's total carbon footprint was Scope 3 emissions, accounting for 94.01% of the company's total carbon footprint, followed by Scope 1 emissions at 5.31%. a

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