Our emissions reduction targets approved by Science Based Targets initiative

23/06/2022

We are ‘setting an example’ as we reaffirm our commitment to tackling climate change, following the approval of our emissions reduction target by the Science Based Targets initiative (SBTi).

This confirms our targets – which include reducing our own carbon emissions by 67% by 2035 – is in line with what the latest climate science shows is needed to limit global warming to 1.5°C.

This makes us the first of the major network operators in the region to have our target validated by the SBTi to reduce our Scope 1, 2 and 3 emissions in line with science.

We playa key role in supporting the UK’s Net Zero emissions targets by developing the critical infrastructure necessary to support more renewables energy coming on to the Grid, which will help decarbonise energy, heat and transport.

This includes investment in modernisation projects and innovative technologies to reduce carbon output and increase network resilience. Examples include plans to roll out an ambitious 100% electric vehicle transition programme by 2028, while also driving forward the adoption of SF6 free technologies.

We have also committed to reduce energy consumption throughout our substations, depots and operations, and will work across the supply chain to reduce indirect emissions associated with the development of our critical electrical infrastructure.

Guy Jefferson

Guy Jefferson, Chief Operating Officer at SP Energy Networks, said: “It’s so important that we all take meaningful action now to reach the government’s ambitious net zero emissions targets.

“This isn’t just about investing in our network and continuing to lead the way to integrate more clean, reliable and renewable energy into our smart networks – it’s also about changing how we work on a day-to-day basis.

“We’re committed to progressing both, hand in hand, and welcome the SBTi’s approval of our science-based targets, which further underlines our passion and drive to reduce carbon emissions to support a cleaner, greener and better future, quicker, for us all.”

The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It defines and promotes best practice in science-based target setting.

Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative, said: “We welcome SP Energy Networks' science-based target consistent with limiting warming to 1.5°C.

“The ambition of SP Energy Networks' targets is aligned with the need for the global economy to rapidly cut emissions. This company is setting an example for the rest of its industry, and I urge others in its sector to set their own targets too.”

The transition to a zero-carbon economy is well underway globally and we are continuing to invest in our network and wider business to achieve transformation at the pace and scale required.

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