Climate Change Data

PNM Resources, Inc.

Climate Impact & Sustainability Data (2020-2040, 2023)

Reporting Period: 2020-2040

Environmental Metrics

Renewable Energy Share:44% in 2020, targeting 65% by 2022 and 80% by 2025

ESG Focus Areas

  • Climate Change
  • Environmental Sustainability

Environmental Achievements

  • Achieved 44% carbon-free electricity in 2020, targeting 65% by 2022 and 80% by 2025. Plan to be 100% emissions-free by 2040.
  • Plan to be 100% coal-free by the end of 2024.
  • Plans to add >1,000 megawatts of renewables and battery storage from 2020-2025.

Social Achievements

  • Extensive collaboration with customers, local advocates, environmental, business and community organizations in developing the Integrated Resource Plan (IRP).

Governance Achievements

  • Publicly released a detailed Integrated Resource Plan (IRP) outlining the path to 100% emissions-free electricity by 2040.

Climate Goals & Targets

Long-term Goals:
  • 100% emissions-free electricity by 2040
Medium-term Goals:
  • Significant increase in renewable energy and battery storage capacity.
Short-term Goals:
  • 100% coal-free by the end of 2024
  • 65% carbon-free electricity by 2022, 80% by 2025

Environmental Challenges

  • Meeting New Mexico's energy needs while transitioning to 100% emissions-free electricity.
  • Balancing affordability and environmental impact.
Mitigation Strategies
  • Developed a 20-year roadmap and 4-year action plan with increased investment in renewable energy sources (wind, solar, battery storage, hydrogen) and energy efficiency.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Top spot in the Sierra Club’s utility decarbonization benchmark study

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:55%
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Water Conservation
  • Environmental Sustainability
  • Community Development
  • Decarbonization

Environmental Achievements

  • Reduced freshwater use at power plants; goal to reduce freshwater use by 80 percent by 2035 and 90 percent by 2040
  • Reduced emissions with the closure of the San Juan Generating Station, resulting in more than 55 percent carbon-free electricity

Social Achievements

  • Transferred critical water infrastructure from the closed San Juan coal plant to the Navajo Nation via the Navajo Gallup Water Supply Project, providing access to drinking water for Navajo communities

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Reduce freshwater use by 90 percent by 2040
Medium-term Goals:
  • Reduce freshwater use by 80 percent by 2035
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Water scarcity in the Southwest, impacting Navajo communities and the City of Gallup
  • Need to transition away from coal-fired power generation while ensuring reliable and sustainable energy supply
Mitigation Strategies
  • Transfer of water infrastructure to the Navajo Gallup Water Supply Project
  • Investment in solar and battery storage to replace coal-fired power generation
  • Implementation of technologies and efficient processes to reduce water consumption at power plants

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 6 (Clean Water and Sanitation)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

PNM's initiatives contribute to these goals through water conservation efforts, transition to renewable energy, and emission reductions.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Sustainability Initiative of the Year (Business Intelligence Group)