PPL Corp

Common Name
PPL
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
6,653
Ticker
PPL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
PPL Corporation is a major utility company specializing in the generation, transmission, and distribution of electricity and natural gas to approximately 3.5 million customers in the United States. Op...

PPL's GHG Emissions Data Preview

In 2023, PPL 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).

PPL has also provided a category-level breakdown for 3 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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a
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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a
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Total Scope 3
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a
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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Verified Sources Behind PPL’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 PPL’s data sources below and access millions more through our Disclosure Search.

a. PPL's Sustainability Report 2023
a. PPL's Sustainability Report 2023
b. PPL's CDP Climate sourced from company’s website 2021
b. PPL's CDP Climate sourced from company’s website 2021

Insights into PPL's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of PPL amounted to 25,313,107 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 2020, the total operational greenhouse gas (GHG) emissions of PPL decreased by 1.16%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

PPL's Scope 1 Emissions Over Time

201820192020202307.5 M15 M22.5 M30 MtCO2e-9%-7%+1%
  • Total Scope 1
  • Year-over-Year Change

What are PPL's Scope 1 emissions?

In 2023, the total Scope 1 emissions of PPL were 25,291,849 metric tons of CO₂ equivalent (tCO₂e). a

Has PPL reduced its Scope 1 emissions over time?

Since 2018, PPL's Scope 1 emissions have decreased by 14.58%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2020), PPL's Scope 1 emissions remained relatively stable, indicating that PPL's emissions have plateaued with no significant change in its operational footprint. a b

What are PPL's Scope 2 emissions?

In 2023, PPL reported Scope 2 greenhouse gas (GHG) emissions of 21,258 tCO₂e without specifying the calculation method. a

What methodology does PPL use for Scope 2 reporting?

In 2023, PPL reported its Scope 2 emissions using an unspecified methodology. a

PPL's Scope 2 Emissions Over Time

20182019202020230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into PPL's Value Chain Emissions

In 2023, PPL reported 9,407,649 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 PPL includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2020, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

PPL's Scope 3 Emissions Over Time

2020202302.5 M5 M7.5 M10 MtCO2e+16%
  • Total Scope 3
  • Year-over-Year Change

What are PPL's Scope 3 emissions?

In 2023, PPL reported total Scope 3 emissions of 9,407,649 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.13% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.87% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2020), PPL's Scope 3 emissions increased by 15.61%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

What categories of Scope 3 emissions does PPL disclose?

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

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

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

  • Use of Sold Products (Cat. 11): 9,395,728 tCO₂e (99.87%)
  • Employee Commuting (Cat. 7): 10,870 tCO₂e (0.12%)
  • Business Travel (Cat. 6): 1,051 tCO₂e (0.01%)

PPL's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(99.9%)

Insights into PPL’s GHG Emissions Intensity Compared to Industry Peers

In 2023, PPL reported Scope 1 greenhouse gas (GHG) emissions of 25,291,849 tCO₂e and total revenues of USD 8,312 millions. This translates into an emissions intensity of 3,042.81 tCO₂e per millions USD. a

PPL's Scope 1 Emissions Intensity Compared to Peers

20,000200,0002,000,00020,000,000200,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)CTPortland 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: $M 4,696Scope 1 Intensity: 2,263.29 tCO2e/$MAmerican Electric PowerYear: 2023Scope 1: 44,453,919 tCO2eRevenue: $M 18,982Scope 1 Intensity: 2,341.86 tCO2e/$MExelonYear: 2024Scope 1: 434,000 tCO2eRevenue: $M 23,028Scope 1 Intensity: 18.85 tCO2e/$MCMS EnergyYear: 2023Scope 1: 16,083,829 tCO2eRevenue: $M 7,462Scope 1 Intensity: 2,155.43 tCO2e/$MAmerenYear: 2023Scope 1: 19,883,180 tCO2eRevenue: $M 7,500Scope 1 Intensity: 2,651.09 tCO2e/$MCCConsumers EnergyYear: 2023Scope 1: 12,482,384 tCO2eRevenue: $M 7,166Scope 1 Intensity: 1,741.89 tCO2e/$MConsolidated EdisonYear: 2023Scope 1: 2,676,000 tCO2eRevenue: $M 14,663Scope 1 Intensity: 182.50 tCO2e/$MDTE EnergyYear: 2023Scope 1: 22,631,000 tCO2eRevenue: $M 12,745Scope 1 Intensity: 1,775.68 tCO2e/$MEdison InternationalYear: 2023Scope 1: 1,200,000 tCO2eRevenue: $M 16,338Scope 1 Intensity: 73.45 tCO2e/$MOGE EnergyYear: 2023Scope 1: 9,040,683 tCO2eRevenue: $M 2,674Scope 1 Intensity: 3,380.58 tCO2e/$MCenterPoint EnergyYear: 2023Scope 1: 5,170,862 tCO2eRevenue: $M 8,696Scope 1 Intensity: 594.63 tCO2e/$MFirstEnergyYear: 2023Scope 1: 15,206,375 tCO2eRevenue: $M 12,870Scope 1 Intensity: 1,181.54 tCO2e/$MAlliant EnergyYear: 2023Scope 1: 13,631,273 tCO2eRevenue: $M 4,027Scope 1 Intensity: 3,384.97 tCO2e/$MTTTXNM EnergyYear: 2022Scope 1: 4,844,547 tCO2eRevenue: $M 2,250Scope 1 Intensity: 2,153.56 tCO2e/$MMGE EnergyYear: 2023Scope 1: 1,637,171 tCO2eRevenue: $M 690Scope 1 Intensity: 2,371.23 tCO2e/$MNextera EnergyYear: 2023Scope 1: 42,278,597 tCO2eRevenue: $M 28,114Scope 1 Intensity: 1,503.83 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$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: $M 3,682Scope 1 Intensity: 1,200.06 tCO2e/$MXcel EnergyYear: 2023Scope 1: 36,180,000 tCO2eRevenue: $M 14,206Scope 1 Intensity: 2,546.81 tCO2e/$MWEC Energy GroupYear: 2023Scope 1: 19,449,000 tCO2eRevenue: $M 8,893Scope 1 Intensity: 2,187.00 tCO2e/$MPPLYear: 2023Scope 1: 25,291,849 tCO2eRevenue: $M 8,312Scope 1 Intensity: 3,042.81 tCO2e/$M

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

In 2023, PPL reported a Scope 1 emissions intensity of 3,042.81 tCO₂e per millions USD. Compared to the peer group median of 2,153.56 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does PPL rank on GHG emissions intensity within its industry?

In 2023, PPL ranked 21 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places PPL among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into PPL's Total Carbon Footprint

In 2023, PPL reported a total carbon footprint of 34,720,756 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.88% increase compared to 2020, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to PPL's total carbon footprint was Scope 1 emissions, accounting for 72.84% of the company's total carbon footprint, followed by Scope 3 emissions at 27.1%. a

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