Phoenix Energy Responsible Business Report
Responsible Business Report 2023
Metrics & Targets 1 Our approach to the low-carbon transition will be steered by our commitment to set emission reduction targets as well as to reaching net-zero emissions from our operations by 2050 or sooner. Carbon Footprint Phoenix’s carbon footprint is calculated in line with the GHG Protocol methodology by converting all emissions of relevant gases into a carbon dioxide equivalent (tCO2e). Emissions are categorised as direct or indirect. Direct emissions (Scope 1) are those from activities we own or control including those from company vehicles and burning of fossil fuels for heating. Indirect emissions, known as Scope 2 and 3 emissions, result from operational activities we do not own or control. These include emissions produced as a consequence of electricity we purchase (Scope 2)
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 2023 tCO2e Baseline Year 2019 tCO2e
Scope 1 & 2 carbon emissions per connected customer
0.047 0.060
0.056
0.061
Total Carbon emissions per connected customer 1
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 60% 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:
and other indirect emissions such as travel on company business (Scope 3). Summary information on Phoenix’s Carbon Footprint is provided in the table below:
CARBON EMISSIONS
Current Year 2023 tCO2e Baseline Year 2019 tCO2e
Scope 1 Direct Emissions Fossil Fuels
385
581
Bio Energy
0
Transport
1,409
1,524
ENERGY
Current Year 2023 MWh Baseline Year 2019 MWh
Fugitive emissions from refrigerants
1
1
Fossil Fuels Transport Electricity
1,775 5,651
2,457 8,298
Total Scope 1 Direct Emissions (excluding shrinkage factor)
1,795
2,107
Shrinkage factor
10,327
10,580
417
447
Total Scope 1 Direct Emissions
12,121
12,688
Shrinkage factor
9,626 17,469
10,165 21,366
Scope 2 Indirect Emissions Electricity Purchased electricity (Location Based)
TOTAL
89
114
Purchased electricity (Market Based) 2
1
n/a
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: • 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. Summary information on Phoenix’s Air Pollution levels is provided in the table below:
1
114
Total Scope 2 Indirect Emissions Electricity 3
Total Scope 1 & 2 Emissions
12,122
12,802
Total Scope 1 & 2 Emissions (excluding shrinkage factor)
1,796
2,221
Scope 3 Other Indirect Emissions Business travel
16
18
Employee Commuting
195
274
Fuel Related Activities
430
490
0
27
Energy Related Activities 4
Waste
139
176
2,486
unknown
Purchased Goods & Services 5
Total Scope 3 Other Indirect Emissions
3,266
985
AIR POLLUTION
Current Year 2023 kg
Baseline Year 2019 kg
Total Carbon Emissions
15,388
13,787
Total Carbon Emissions (excluding shrinkage)
5,062
3,207
Sulphur Oxides (SOx) Nitrous Oxides (NOx) Particle Matter 2.5 (PM 2.5 ) Particle Matter 10 (PM 10 )
4
4
The principal reason for the increase in total carbon emissions in 2023 when compared to the 2019 Base Year was from the inclusion of Scope 3 emissions associated to purchased goods and services, for which comparable data for the base reporting year 2019 is not available. The total amount of estimated information calculated is within the 0-10% 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. 1 There have been no restatements of previously reported information. 2 The GHG Protocol recommends using two methods to quantify emissions – the ‘location based’ method which uses average grid electricity emissions factors and the ‘market-based’ method which is specific to the actual electricity purchased. In 2021, Phoenix entered into a contractual arrangement with the electricity supplier of our main office building to procure electricity required for our operations from 100% renewable sources. This has enabled Phoenix to be able to report on Scope 2 Indirect Emissions relating to purchased electricity using both the ‘location based’ and ‘market based’ methods.
2,682
3,354
44
61
44
61
1 For FY 23 Phoenix have engaged with the top 91% of our supply chain within the Purchased Goods and Services category to identify associated carbon emissions. A screening exercise and data collection over a period of months resulted in a combination of calculation methodologies being implemented in line with the GHG protocols to produce carbon emissions for reporting purposes. Comparative data for the base year (2019) is not available. Scope 3 total reporting figure accounts for the allowance to display a reduced figure specifically relating to scope 2. Due to the dual reporting location / market-based emissions, by having a fully backed renewable energy grid supply in place, energy related activities is lower as per GHG protocol guidance.
3 Scope 2 Dual Reporting confirms there is allowance as per guidance to display a reduced figure associated to market-based electricity. 4 Scope 3 Dual Reporting confirms there is allowance as per guidance to display a reduced figure associated to market-based well to tank electricity.
60
61
5 For FY 23 Phoenix have engaged with the top 91% of our supply chain within the Purchased Goods and Services category to identify associated carbon emissions. A screening exercise and data collection over a period of months resulted in a combination of calculation methodologies being implemented in line with the GHG protocols to produce carbon emissions for reporting purposes. Comparative data for the base year (2019) is not available.
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