259994 Phoenix Energy Responsible Business Report 2025.pdf

Energy Phoenix acknowledge that globally, the use of energy represents by far the largest source of GHG emissions from human activities. About two thirds of global greenhouse gas emissions are linked to burning fossil fuels for energy to be used for heating, electricity, transport and industry. To that end, Phoenix is targeting reducing our energy consumption (excluding shrinkage) by over 50% by 2030. This includes transitioning from fossil fuel energy sources to greener energy sources (e.g. renewable electricity, green gas etc). Summary information on Phoenix’s Energy Use is provided in the table below: ENERGY Current Year 2024 MWh Baseline Year 2019 MWh Fossil Fuels 1,447 2,457 Transport 6,864 10,721 Electricity 451 447 Shrinkage factor 11,006 10,165 TOTAL 19,769 23,789 Air Pollution Air pollution refers to the release of pollutants into the air, such as extremely small particles and gases, that are detrimental to human health and the planet as a whole. These include: GHG Emissions Intensity Metric As Phoenix is continuing to grow the gas market, we believe carbon per customer connected to our network to be the most meaningful measure of our carbon performance. GHG EMISSIONS INTENSITY METRIC Current Year 2024 tCO 2 e Baseline Year 2019 tCO 2 e Scope 1 & 2 carbon emissions per connected customer (excluding shrinkage) 0.051 0.057 Total Carbon emissions per connected customer 0.066 0.062* * Scope 3 emissions from Purchased Goods & Services that account for a significant element for Phoenix’s Total Emissions, were not quantified in our Base Year 2019. As such, Total Emissions 2024 per connected customer is not directly comparable to the Base Year 2019. Shrinkage in The Gas Network Shrinkage in the gas network refers to gas losses that occur during distribution, including leakage, operational use, and theft. Shrinkage is a calculated estimate of gas lost through distribution networks and therefore shrinkage increases as the size of the Phoenix network increases. Unlike GB gas networks, which are replacing older steel pipes prone to higher leakage, Phoenix Energy’s network in Northern Ireland is already built with polyethylene (PE) pipes, making it more efficient from the outset. Phoenix Energy reports emissions both including and excluding shrinkage (dual reporting), ensuring full transparency. This approach allows for accurate tracking of all emissions while also enabling Phoenix to focus on controllable reductions, such as fleet and operational energy use. Importantly, Phoenix’s Net Zero strategy includes shrinkage, reinforcing its commitment to long-term reductions. As the energy transition progresses, shrinkage will be addressed through the combination of the introduction of renewable gases into the network and the offsetting of any associated residual emissions. Thus, aligning with Phoenix Energy’s Net Zero commitments and ensuring a sustainable and transparent approach to carbon reduction. The total amount of estimated information calculated is within the 0-5% banding. Phoenix’s carbon footprint has been independently audited by an external Energy and Carbon Consultant (CarbonFit) and has been verified to ISO14064 Greenhouse Gases.

• gases such as nitrogen dioxide, ozone, sulphur dioxide and carbon monoxide; and • particulate matter (PM), made up of solid and liquid particles such as soot and dust.

As part of the process to attempt to quantify the impact we have on the environment, Phoenix have calculated the volumes of air pollution generated by our operations. The majority of air pollution produced by Phoenix relates to pollutants produced through the use of our commercial fleet. In order to reduce the volume of air population Phoenix generates, we have committed to transition our entire commercial fleet to green fuels that do not raise any air pollution by 2035.

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