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 climate change 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.
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PPL, a leading energy company, aims to reach net-zero emissions by 2050 as part of its sustainability plan. It's dedicated to cutting carbon and greenhouse gas (GHG) emissions, recognizing the importance of moving towards clean energy for the future. In 2022, the company reported total emissions of 27,224,545 (CO2e) (metric tonnes). The company has set ambitious targets, aiming for a 70% reduction from 2010 levels by 2035 and an 80% reduction by 2040. It successfully achieved a nearly 57% reduction in carbon emissions compared to the levels recorded in 2010. Additionally, a commitment has been made to cease unabated coal burning entirely by 2050.
The company is also focused on other aspects of sustainability, such as water conservation, biodiversity protection, and energy consumption reduction. PPL is actively monitoring its energy consumption within and outside the organization, as well as implementing measures to reduce energy intensity and requirements. The company is also committed to protecting habitats and restoring biodiversity. The company has invested in risk management programs, including commodity and interest rate hedging, to effectively manage its emissions. Additionally, PPL is exploring opportunities to incorporate recycled fuels in its operations, indicating a commitment to sustainable practices.
In conclusion, PPL is dedicated to achieving its net-zero targets and reducing its carbon and GHG emissions. The company has taken steps to reduce its emissions and is expected to continue doing so in the future. PPL's commitment to sustainability extends beyond emissions reduction, encompassing water conservation, biodiversity protection, and energy consumption reduction.
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