Phoenix Energy
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:15,388 tCO2e/year
Scope 1 Emissions:12,121 tCO2e/year
Scope 2 Emissions:114 tCO2e/year
Scope 3 Emissions:3,266 tCO2e/year
Renewable Energy Share:99%
Total Energy Consumption:17,469 MWh/year
Water Consumption:0.9 Megalitres/year
Waste Generated:69,193 tonnes/year
Carbon Intensity:0.047 tCO2e/connected customer (Scope 1 & 2), 0.060 tCO2e/connected customer (total)
ESG Focus Areas
- Environmental Responsibility
- Investing in our People
- Fostering our Community
- Leadership in the Marketplace
Environmental Achievements
- 770,000 tonnes of CO2 avoided in 2023, equivalent to 400,000 cars off the road
- 99% of electricity procured from renewable resources (212MWhs)
- 2,800 tonnes of materials recycled/reused
- 45,000 tonnes of materials diverted from landfill
- Planted 24,000 trees since 2021 (8,000 in 2023)
- 18 different biodiversity initiatives organized in 2023
- Successfully injected biomethane into the NI gas network for the first time in 2023
Social Achievements
- £8,000 raised for Cancer Focus NI through staff fundraising
- 97% of colleagues rated Phoenix 15 (employee engagement sessions) as excellent or very good
- Supported various community initiatives reaching over 2,600 community members
- 9 Community Fund grants awarded to grassroots organizations
- Partnership with Sport Changes Life to deliver environmental workshops in 13 primary schools
Governance Achievements
- 5-star GRESB Infrastructure Asset Benchmark Report rating (97% score)
- Platinum award for Environmental Benchmarking through Business in the Community
- Full compliance with TCFD recommendations
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions (including shrinkage) by 2050
Medium-term Goals:
- Reduce scope 1 & 2 carbon emissions by >90% (excluding shrinkage) by 2035
- Reduce energy consumed by >75% by 2040 (excluding shrinkage)
- Reduce Scope 3 emissions by >80% by 2040
- Facilitate the distribution of hydrogen in the network by 2027
- Introduce 20% green gas into the network by 2030
Short-term Goals:
- Reduce scope 1 & 2 carbon emissions by >60% (excluding shrinkage) by 2030
- Reduce energy consumed by >50% by 2030 (excluding shrinkage)
- Reduce Scope 3 emissions by >60% by 2030
- Facilitate the distribution of biomethane in the network by 2025
Environmental Challenges
- Climate change impacts on operations
- Transitioning to a low-carbon economy
- Reducing GHG emissions (Scopes 1-3)
Mitigation Strategies
- Developed a Greenhouse Gas Emissions Reduction Plan (including Scope 3)
- Engaged external climate change experts (Deloitte) to assess risks and opportunities
- Implemented various initiatives to reduce energy consumption, waste, and water usage
- Investing in renewable energy solutions (biomethane and hydrogen)
- Working with stakeholders to progress renewable gas solutions
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Procurement Policy outlines commitment to ethical sourcing and minimizing environmental impact
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Carbon policy changes
- Transition to a low-carbon economy
Opportunities
- Transitioning oil customers to gas
- Renewable gas solutions (biomethane and hydrogen)
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: ISO 14001, ISO 45001
Third-party Assurance: CarbonFit (for carbon footprint)
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
- SDG 3 (Good Health and Well-being)
- SDG 8 (Decent Work and Economic Growth)
- SDG 9 (Industry, Innovation and Infrastructure)
- SDG 12 (Responsible Consumption and Production)
- SDG 15 (Life on Land)
See page 56 for details
Sustainable Products & Innovation
- Renewable gas solutions (biomethane and hydrogen)
Awards & Recognition
- 5-star GRESB rating
- Platinum award for Environmental Benchmarking