GlobalData offers a comprehensive analysis of PPL, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on PPL’s ESG performance. GlobalData’s company profile on PPL offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Smarter leaders trust GlobalData
PPL, a Pennsylvania-based energy company, has set a net-zero target for its operations. The company aims to achieve this target by 2050. In addition, the company is targeting a 70% reduction from 2010 levels by 2035 and an 80% reduction by 2040, and have committed to not burn unabated coal by 2050. PPL's latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Net Zero'.
The company has taken steps to reduce its carbon emissions, including investing in alternative and distributed sources of electricity generation and storage. PPL has also implemented risk management programs, including commodity and interest rate hedging, to reduce emissions.
PPL's direct greenhouse gas (GHG) emissions (Scope 1) and energy indirect GHG emissions (Scope 2) are disclosed in its filings. The company's indirect GHG emissions (Scope 3) are also disclosed. However, the current carbon emission/GHG emissions trend compared to the previous year is not available. PPL has disclosed its energy consumption within and outside the organization, energy intensity, and reduction of energy consumption. The company is investigating opportunities to incorporate recycled fuels in its operations.
PPL has taken steps to reduce its impact on biodiversity, including protecting and restoring habitats. The company has also disclosed its total water withdrawal by source, water sources significantly affected by withdrawal of water, and percentage and total volume of water recycled and reused.
PPL has engaged with policymakers to support the passage of the Inflation Reduction Act, which contains approximately $369 billion in funding to address climate change. The company supports policies that make it easier and faster for customers to connect renewable energy and distributed energy resources to the grid. PPL also supports the sustainable use of natural gas as a lower carbon, flexible baseload generation resource, a critical enabler of greater use of renewable energy, and an affordable energy source for end-use customers.
In conclusion, PPL has set a net-zero target for its operations and has taken steps to reduce its carbon emissions. Decarbonizing its generation fleet in Kentucky is a critical component to achieving net-zero emissions. The company continue to assess the dynamic energy landscape to identify opportunities to economically support this transition.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.
