GlobalData offers a comprehensive analysis of Enbridge, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of net zero and associated ESG keywords, GlobalData delivers valuable information on Enbridge‘s ESG performance. GlobalData’s company profile on Enbridge offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Enbridge, a Canadian energy infrastructure company, has set net-zero targets and reduce its carbon emissions. The company aims to achieve net-zero targets by 2050, with specific goals related to scope 1, scope 2, and scope 3 emissions. In 2022, Enbridge's scope 1 emissions were 7,715,000 tCO2e, scope 2 emissions (location-based) were 6,693,000 tCO2e, and scope 3 emissions were 54,126,000 tCO2e. Enbridge’s latest filings mentioned the keywords 'Emissions' and ‘Carbon’ most number of times in relation to 'Net Zero'.
TThe company has taken steps to reduce its emissions, including leveraging technical and infrastructure expertise to develop and secure competitive projects, transporting lower-emissions products, and investing in emission reduction projects. Enbridge's GHG emissions intensity is reported at an aggregated level, which is defined as metric tonnes of CO2e per energy delivered in petajoule (PJ). The company has established a consistent methodology to select the best available emission factors following the guiding principles of its established data hierarchy. Enbridge's methane emissions, a part of scope 1 emissions, are calculated using activity data and multiplied by the appropriate emission factor. The company recalculates its base year for any significant changes that meet its significance threshold of 15% of combined scope 1 and 2 base-year emissions or have significant structural changes, including major acquisitions, major divestments, and mergers.
In conclusion, Enbridge has made significant strides in reducing carbon footprint and investing in renewable energy projects. Company’s efforts to enhance pipeline integrity, implement leak detection technologies, and conduct thorough environmental assessments exemplify dedication to safeguarding natural ecosystems and communities.