TXNM Energy Inc

Common Name
TXNM Energy
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
1,695
Ticker
TXNM
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
TxnM Energy Inc. is a diversified energy company involved in the exploration, production, and distribution of energy resources. Specializing in both fossil fuels and renewable energy, the company play...

TXNM Energy's Climate Target Data Preview

As of 2022, TXNM Energy has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into TXNM Energy ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2035
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
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Verified Sources Behind TXNM Energy’s Climate Targets 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 TXNM Energy’s data sources below and access millions more through our Disclosure Search.

a. TXNM Energy's Sustainability Report 2022
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Insights into TXNM Energy's Greenhouse Gas Emissions Pathways

As of 2022, TXNM Energy has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does TXNM Energy have a target to reduce the emissions from its operations?

As of 2022, TXNM Energy has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

TXNM Energy's most ambitious operational target is to reduce these emissions by 100% by 2040, compared to a baseline of 6,976,930.132 Metric Tonnes of CO2 equivalent (mtCO2e) in 2005. a

As of 2022, TXNM Energy is lagging behind on its operational emissions reduction target, having achieved 32.03% of the planned reduction. a

TXNM Energy's Operational (Scope 1+2) Emissions Pathway

2005202220252035204002 M4 M6 M8 MBaselineCurrent (-32%)Target 2025 (-60%)Target 2035 (-80%)Target 2040 (-100%)
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