Pinnacle West Capital Corp
Pinnacle West Capital's GHG Emissions Data Preview
In 2023, Pinnacle West Capital 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).
Pinnacle West Capital has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
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bVerified Sources Behind Pinnacle West Capital’s Greenhouse Gas (GHG) Emissions Data
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Insights into Pinnacle West Capital's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Pinnacle West Capital amounted to 10,792,554.35 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 Pinnacle West Capital decreased by 15.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Pinnacle West Capital's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Pinnacle West Capital's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Pinnacle West Capital were 10,628,383.35 metric tons of CO₂ equivalent (tCO₂e). a
Has Pinnacle West Capital reduced its Scope 1 emissions over time?
Since 2018, Pinnacle West Capital's Scope 1 emissions have decreased by 11.49%, reflecting a declining long-term trend in Scope 1 emissions over time. a e
Compared to the previous year (2022), Pinnacle West Capital's Scope 1 emissions decreased by 16.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are Pinnacle West Capital's Scope 2 emissions?
In 2023, Pinnacle West Capital reported Scope 2 greenhouse gas (GHG) emissions of 165,717.3 tCO₂e using the market-based method and 164,171 tCO₂e using the location-based method. a
Has Pinnacle West Capital reduced its Scope 2 emissions over time?
Since 2018, Pinnacle West Capital's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 1,077.7%, reflecting a rising long-term trend in Scope 2 emissions over time. a e
Compared to the previous year (2022), Pinnacle West Capital's Scope 2 emissions (Location-Based) rose by 33.34% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does Pinnacle West Capital use for Scope 2 reporting?
In 2023, Pinnacle West Capital reported its Scope 2 emissions using the market-based method and using the location-based method. a
Pinnacle West Capital's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Pinnacle West Capital's Value Chain Emissions
In 2023, Pinnacle West Capital reported 2,535,737 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 Pinnacle West Capital includes a breakdown across 6 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
Pinnacle West Capital's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Pinnacle West Capital's Scope 3 emissions?
In 2023, Pinnacle West Capital reported total Scope 3 emissions of 2,535,737 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 Pinnacle West Capital reduced its Scope 3 emissions over time?
Since 2018, Pinnacle West Capital's Scope 3 emissions have decreased by 66.27%, reflecting a declining long-term trend in Scope 3 emissions over time. a e
Compared to the previous year (2022), Pinnacle West Capital's Scope 3 emissions decreased by 10.97%, highlighting the company's efforts to lower indirect emissions from its value chain. a b
What categories of Scope 3 emissions does Pinnacle West Capital disclose?
In 2023, Pinnacle West Capital reported emissions for 6 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 Pinnacle West Capital's Scope 3 emissions?
In 2023, the largest contributors to Pinnacle West Capital's Scope 3 emissions were: a
- Fuel- and Energy-Related Services (Cat. 3): 2,525,875 tCO₂e (99.61%)
- Upstream Transportation and Distribution (Cat. 4): 6,482 tCO₂e (0.26%)
- Waste Generated in Operations (Cat. 5): 1,456 tCO₂e (0.06%)
Pinnacle West Capital's Scope 3 Emissions by Categories
Insights into Pinnacle West Capital’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Pinnacle West Capital reported Scope 1 greenhouse gas (GHG) emissions of 10,628,383.35 tCO₂e and total revenues of USD 4,696 millions. This translates into an emissions intensity of 2,263.29 tCO₂e per millions USD. a
Pinnacle West Capital's Scope 1 Emissions Intensity Compared to Peers
How does Pinnacle West Capital's GHG emissions intensity compare to its peers?
In 2023, Pinnacle West Capital reported a Scope 1 emissions intensity of 2,263.29 tCO₂e per millions USD. Compared to the peer group median of 2,101.58 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Pinnacle West Capital rank on GHG emissions intensity within its industry?
In 2023, Pinnacle West Capital ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Pinnacle West Capital is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Pinnacle West Capital's Total Carbon Footprint
In 2023, Pinnacle West Capital reported a total carbon footprint of 13,328,291.35 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.76% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to Pinnacle West Capital's total carbon footprint was Scope 1 emissions, accounting for 79.74% of the company's total carbon footprint, followed by Scope 3 emissions at 19.03%. a