CenterPoint Energy’s first Task Force on Climate-related Financial Disclosures (TCFD) Report outlines our company’s initiatives on climate change-related risks and opportunities, as well as efforts to reduce greenhouse gas (GHG) emissions. The report also provides a framework for stakeholders to compare CenterPoint Energy’s strategies, goals and performance with other companies in our industry.
CenterPoint Energy is moving forward to advance our transition to a cleaner energy future. This includes our goal to be the first combined electric and natural gas utility with regulated electric generating assets to have Net Zero targets for our Scope 1 and Scope 2 emissions by 2035. These targets would place us nearly 15 years ahead of the average goals of certain of our peers.
In addition to our Net Zero by 2035 goals, the company is focused on enabling our customers to transition to a cleaner energy future by being the first utility to set a meaningful Scope 3 emissions reduction goal across our entire multi-state footprint. Our Scope 3 goal is to help our residential and commercial customers reduce GHG emissions attributable to their end use of natural gas by 20-30% by 2035 from a 2021 baseline.
CenterPoint Energy’s climate strategy focuses on four primary areas to achieve its Net Zero and Scope 3 goals by 2035:
- Renewables Development
- Renewable Generation Transition
- Utility System Optimization
- Pipeline Modernization
- Development of Alternative Fuels
- Greening of the Fleet
- Enhanced Leak Detection
- Partnering with Customers on Energy Efficiency Programs
CenterPoint Energy remains committed to reporting environmental, social, and governance (ESG) and sustainability performance and data on a regular basis to advance transparency and accountability to stakeholders. The publication of the report is in line with the company’s efforts to enhance transparency on climate action and add further context to our previous sustainability reports.