Pinnacle West Capital Corp

Common Name
Pinnacle West Capital
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
6,400
Ticker
PNW
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Pinnacle West Capital Corporation is a prominent utility holding company based in Phoenix, Arizona. Its primary function is to provide regulated electricity services through its principal subsidiary, ...

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)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 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).

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.

Pinnacle West Capital's Scope 1 Emissions Over Time

20182019202020212022202303.5 M7 M10.5 M14 MtCO2e+2%-8%+1%+12%-16%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

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 tCOâ‚‚e using the market-based method and 164,171 tCOâ‚‚e using the location-based method.

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.

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

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.

Pinnacle West Capital's Scope 2 Emissions Over Time

201820192020202120222023045 k90 k135 k180 ktCO2e
  • 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 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 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.

Pinnacle West Capital's Scope 3 Emissions Over Time

20182019202020212022202303 M6 M9 M12 MtCO2e+43%-81%+49%-4%-11%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

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.

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.

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:

  • Fuel- and Energy-Related Services (Cat. 3): 2,525,875 tCOâ‚‚e (99.61%)
  • Upstream Transportation and Distribution (Cat. 4): 6,482 tCOâ‚‚e (0.26%)
  • Waste Generated in Operations (Cat. 5): 1,456 tCOâ‚‚e (0.06%)

Pinnacle West Capital's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(99.6%)

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 COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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