Energy Efficiency, GHG Emissions - February 14, 2022
Dominion Energy Increases Net Zero Goals
Dominion Energy is broadening efforts to limit GHG emissions and is working toward achieving net zero for emissions outside of the company's direct operations, including emissions generated downstream by customers and upstream by suppliers.
The company’s net zero commitments now include Scope 2 and Scope 3 emissions and will focus on achieving progress in three material Scope 3 categories: electricity purchased to power the grid, fuel for its power stations and gas distribution systems and consumption by natural gas customers. These areas cover nearly all of the Scope 3 emissions measured and reported in the company's 2021 Climate Report. The company plans to reduce these emissions through programs focused on supplier engagement, customer empowerment, constructive public policy and technology innovation.
"These commitments are a natural next step, building upon our industry-leading programs to drive down carbon and methane emissions within our own operations. We are now formalizing our efforts to help customers and suppliers decarbonize, as part of our work to build a clean and sustainable company. We're already making progress on these vital goals and will continue to do so in the months and years to come," said Robert M. Blue, Dominion Energy's CEO in a statement.
Dominion Energy is investing to make electricity and natural gas cleaner by building solar and renewable natural gas (RNG) portfolios, developing an offshore wind project in North America, modernizing gas distribution networks, relicensing nuclear plants and piloting use of hydrogen.
The company is taking a number of steps to address the expanded net zero commitments, including supporting federal methane regulation; developing and advancing procurement practices that encourage transparency through enhanced disclosures by upstream suppliers on their emissions and GHG reduction programs, including specific commitments; and preferencing offers for Responsibly Sourced Gas and/or those suppliers committed to Net Zero, consistent with the company's reliability, service and cost obligations.
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