Duke Energy

"Duke Energy, a company based in the USA, has set a net zero target for 2050. Net Zero Tracker
This target encompasses net-zero CO2 emissions from electricity generation (Scope 1 emissions), net-zero emissions from electricity purchased for company use (Scope 2 emissions), and net-zero greenhouse gas emissions from the power purchased for resale and from the procurement of fossil fuels used for generation (Scope 3 emissions). Net Zero Tracker
An interesting aspect of their environmental policy is their plan to achieve net zero emissions by capitalizing on emerging technologies such as hydrogen, longer-duration storage, advanced nuclear, and carbon capture. Net …"

Current Score (vs. LY)

21.0 pts (-6.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #130

S&P100: #90

Utilities: #6

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 78,109,00074,976,00084,000,000
Scope 2 - location-based 2,1003,7005,300
Scope 2 - market-based NANANA
Scope 1-2 - location-based 78,111,10074,979,70084,005,300
Scope 1-2 - market-based NA NA NA
Scope 3 30,804,20029,604,90029,816,400
Total - location-based 108,915,300104,584,600113,821,700
Total - market-based NA NA NA

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 147,969,503126,625,275
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Duke Energy belongs to the sector Utilities.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1 50.0 2005 2030
S23MKT 50.0 2021 2035 Note that all the scope 3 emissions categories are not fully covered
S1 80.0 2005 2040
S1 100.0 2005 2050


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1 NO 2050
S1S2S3MKT PARTLY 2050


Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Duke Energy by zerotracker.net: April 3, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (CCS-based removals e.g. BECCS, DACCS)

Additional notes: 'Duke Energy will be able to purchase offsets or leverage negative emissions fuel sources and technologies to reduce a portion of the company’s emissions to reach net-zero.' p53 2022 climate report CCSU / carbon capture is mentioned multiple times as a new technology under investigation in the 2022 report. https://p-micro.duke-energy.com/annual-report/-/media/pdfs/our-company/investors/de-annual-reports/2023/2023-duke-energy-annual-report.pdf 'Currently, the Duke Energy Registrants do not purchase carbon credits or offsets for use in connection with the Company’s net-zero CO2 emissions goals. Though they may purchase carbon credits or offsets for such uses in the future' -- 2023 ESG report

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 5.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 0.0 10.0 -9.0
Transparency 7.5 30.0 -9.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 6.0 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 2.5
Results 7.5 30.0 2.5
Total 21.0 100.0 -6.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 0.0 0.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? NONE 0.0 / 10.0 9.0 -9.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.8°C 7.5 / 10.0 5.0 2.5 5.0
Total 21.0 / 100.0 27.5 -6.5 27.5


Available Data Sources

Reporting Year 2022 2021 2021 2020 2020 2020 2019 2019 2019
Source Wikirate (NV) Public Wikirate (NV) CDP Public Wikirate (NV) Public Wikirate (NV) CDP
Publication Year 2023 2022 2022 2021 2022 2022 2022 2022 2020
Scope 1 77,354,000 78,109,000 77,440,000 74,976,000 74,000,000 74,414,000 84,000,000 84,496,000 85,525,000
Scope 2 - location-based 4,400 2,100 2,100 3,700 3,700 3,700 5,300 5,300 5,200
Scope 2 - market-based NA NA NA NA NA NA NA NA 0
Scope 1-2 - location-based 77,358,400 78,111,100 77,442,100 74,979,700 74,003,700 74,417,700 84,005,300 84,501,300 85,530,200
Scope 1-2 - market-based NA NA NA NA NA NA NA NA NA
Scope 3 38,418,000 30,804,200 30,804,200 29,604,900 29,904,900 29,904,900 29,816,400 29,816,400 29,715,113
Total - location-based 115,776,400 108,915,300 108,246,300 104,584,600 103,908,600 104,322,600 113,821,700 114,317,700 115,245,313
Total - market-based NA NA NA NA NA NA NA NA NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email