"Southern Company has set a target to reach net-zero greenhouse gas emissions by 2050. Net Zero Tracker This goal is enterprise-wide, covering their equity-share Scope 1 direct emissions from all their electricity and natural gas operations. Net Zero Tracker They are also committed to reducing their Scope 2 emissions and working with partners and customers to reduce Scope 3 upstream and downstream emissions. Net Zero Tracker An interim target has been set to achieve a 50% reduction in GHG emissions by 2030 relative to 2007 levels. Net Zero Tracker An interesting fact about their environmental policy is that it does …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Separate targets for emission reductions and removals
Conditions on use of offset credits
Plans for carbon dioxide removal (CDR)
Yes (nature-based and CCS-based removals)
Additional notes: Brief mention of potential use of carbon trading programs from Policy Engagement and Advocacy page:
"Southern Company believes the most efficient way to achieve economy-wide net zero emissions ... could also include carbon pricing mechanisms and / or trading programs."
On the use of carbon removal:
"The National Carbon Capture Center remains focused on efforts to reduce and capture carbon emissions from electric generation sources"
"The suite of CO2 removal solutions is likely to include some combination of natural solutions such as afforestation and reforestation, technology solutions such as direct air capture and technology enhanced natural solutions such as biomass generation with CCUS or enhancement of ocean CO2 uptake."
"Southern Company is evaluating deploying natural carbon sequestration solutions to meet a net zero carbon future including: afforestation, avoided deforestation and land management practices."
https://www.southerncompany.com/content/dam/southerncompany/pdfs/clean-energy/Net-zero-report.pdf - page 14, 24, 26
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious