Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Stewardship
• Community Involvement
• Employee Well-being
• Governance

Environmental Achievements

• Reduced CO2 emissions at San Juan Generating Station by 54% below 2005 levels by 2018.
• Reduced total system-wide carbon dioxide emissions by approximately 21% over 2005 levels by 2018.
• Reduced total water usage by over 1.55 billion gallons per year (over 35% reduction).
• PNM energy efficiency programs saved almost 4.5 billion kilowatt hours of electricity since 2007.
• PNM met the 2019 Corporate Waste Goal with over 15 facilities meeting or achieving a waste diversion rate of 65%.

Social Achievements

• PNM Resources Foundation supported 56 New Mexico nonprofits in 2019 with $750,000.
• Approximately 850 PNM and TNMP employees and retirees contributed more than 13,300 volunteer hours in 2019.
• PNM Good Neighbor Fund provided $440,421 in utility bill support to 3,734 families in 2019.
• Renewed commitment to the PNM Navajo Nation Workforce Training Scholarship Program with $500,000 for the next five years.
• Light Up Navajo project helped electrify 6 homes.

Governance Achievements

• Established a strong Environmental Management System (EMS) rooted in ISO 14001 standard.
• Executive compensation program aligned with strategic goals and objectives.
• Board of Directors with seven members having environmental/sustainability expertise.

Climate Goals & Targets

Environmental Challenges

• Reducing injuries to achieve zero-injury workplace.
• Transitioning to 100% carbon-free generation by 2040.
• Meeting New Mexico's aggressive renewable energy standards.

Mitigation Strategies

• Renewed focus on safety with company-wide effort.
• Developed Integrated Resource Plan (IRP) to guide transition to cleaner energy.
• Investing in renewable energy resources, energy efficiency programs, and grid modernization.

Supply Chain Management

Responsible Procurement

• Environmental Screening Process for all field work and new projects.

Climate-Related Risks & Opportunities

Physical Risks

• Water availability for power generation

Transition Risks

• Regulatory changes
• Market shifts
• Stranded assets

Opportunities

• Development of energy-efficient products and services
• Investment in renewable energy

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001

Awards & Recognition

• ENERGY STAR awards for TNMP's energy efficiency programs
• New Mexico Recycling Coalition awards for PNM's recycling efforts

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Conservation
• Energy Efficiency
• Waste Reduction
• Biodiversity
• Customer Experience
• Employee Development
• Community Engagement
• Supply Chain Sustainability
• Governance
• Cybersecurity
• Diversity, Equity, and Inclusion

Environmental Achievements

• Retired the coal-fired San Juan Generating Station (SJGS) in 2022, reducing PNM’s resource capacity to less than 10% coal and achieving 2025 interim carbon emission reduction goals ahead of schedule
• Increased PNM’s resource portfolio capacity to 40% renewables and 55% carbon-free
• Diverted over 12,000 tons of waste from landfills
• Reduced PNM’s system-wide emissions by 31% between 2005 and 2022
• Reduced freshwater usage from 4.63 billion gallons in 2005 to 2.49 billion gallons in 2022 (46% reduction)

Social Achievements

• Employed a workforce of 53% minorities, 28% women, 14% disabled, and 8% veterans
• Established the PNM Pueblo Education Scholarship Endowment to invest in higher education for pueblo students
• Contributed $4.2 million to non-profits and community partners
• Provided $558,318 in utility bill support to 9,171 families through the PNM Good Neighbor Fund in 2022
• TNMP provided 30-person teams in support of other utilities affected by Hurricanes Ida and Ian

Governance Achievements

• Joined the Electric Power Research Institute (EPRI) Climate READi Initiative
• Filed a PNM Grid Modernization plan
• Enacted a Human Rights Policy and created a formal DEI strategy

Climate Goals & Targets

Environmental Challenges

• Industry disruptions in deliverability and cost pressures associated with approved renewable replacement resources
• Water scarcity in arid regions
• Addressing employee turnover (10.27% in 2022)

Mitigation Strategies

• Seeking solutions to maintain system reliability until replacement resources are in service
• Implementing water conservation technologies and plans to manage water needs during droughts
• Regularly monitoring employee turnover to identify separation factors and improve performance
• Implementing micro-learning and chat sessions with supervisors and managers to address prevalent duties
• Redesigning departments to help with work optimization

Supply Chain Management

Responsible Procurement

• Supplier Diversity Program

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, GHG Protocol, The Climate Registry’s Electric Power Sector Protocol

Certifications: ISO 14001

Sustainable Products & Innovation

• PNM Solar Direct program

Awards & Recognition

• EEI recognition for TNMP’s recovery and assistance efforts following Hurricane Ian