Duke Energy
Duke Energy Corporation, a leading energy company in the United States, is headquartered in Charlotte, North Carolina. Established in 1904, Duke Energy has evolved into a major player in the electric utility industry, serving millions of customers across the Carolinas, Florida, and the Midwest. The company focuses on the generation, transmission, and distribution of electricity, with a strong commitment to renewable energy sources and sustainability. Duke Energy's core services include electric power generation, natural gas distribution, and energy efficiency programmes, setting it apart with its innovative approach to clean energy solutions. Notably, the company has made significant strides in reducing carbon emissions and expanding its renewable energy portfolio. With a robust market position, Duke Energy is recognised for its reliability and commitment to customer service, making it a trusted name in the energy sector.
DitchCarbon Score
How does Duke Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Duke Energy's score of 53 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Duke Energy's reported carbon emissions
In 2023, Duke Energy reported total carbon emissions of approximately 72 million tonnes CO2e for Scope 1, about 414 thousand tonnes CO2e for Scope 2, and significant Scope 3 emissions, including approximately 6.8 million tonnes CO2e from the use of sold products and about 22.5 million tonnes CO2e from fuel and energy-related activities. This data reflects a commitment to transparency in emissions reporting, with disclosures across all three scopes. Duke Energy has set ambitious climate commitments, aiming for net-zero CO2 emissions from electricity generation (Scope 1) by 2050. Additionally, the company targets a reduction of at least 50% in carbon emissions from its generation fleet by 2030, relative to 2005 levels, which equates to a reduction from approximately 153 million short tons to about 75.5 million short tons. Furthermore, Duke Energy plans to achieve net-zero methane emissions from its natural gas distribution business by 2030. For Scope 2 emissions, Duke Energy aims to reach net-zero by 2050, while also committing to net-zero downstream emissions from customer use of natural gas by the same year. The company is on track to exceed its 50% reduction target for electricity generation by 2030, with a longer-term goal of achieving an 80% reduction by 2040. Overall, Duke Energy's climate strategy reflects a robust approach to reducing its carbon footprint and addressing climate change, aligning with industry standards and expectations for sustainability.
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| 2005 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 139,000,000,000 | 000,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Duke Energy is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
