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Duke Energy

Duke Energy Corp. is a publicly listed electric power company headquartered in North Carolina, USA. In 2019 its revenue was US$25.1 billion and installed capacity was 53.4 GW. With ~225 TWh of power generated in 2018, it is the largest of the US-headquartered companies in the sample. Coal phase-out, and its accompanying clean-up, is well underway, but Duke Energy is still firmly committed to a fossil fuel future and is investing heavily in gas.

Ranking position
#27/50
Performance score
11.0 /20
Narrative Score
E
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

2.5 / 4.0 #8

Material Investment

4.3 / 7.0 #9

Intangible Investment

0.0 / 2.0 #19

Management

2.6 / 4.0 #11

Policy Engagement

0.1 / 1.0 #45

Business Model

1.5 / 2.0 #14
Total 11.0 / 20 #27

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Duke Energy is awarded a trend score of =.  If the company were reassessed in the near future, its score would likely remain about the same. In the short to medium term, Duke Energy’s plans to replace coal with gas will reduce its emissions intensity, but additional action will soon be needed to avoid gas emissions. The company’s targeting is not ambitious enough for alignment with its well-below 2-degree pathway. The company does have a business segment focused on renewables deployment and other low-carbon business models, but its main focus is firmly on high levels of gas power in its generation mix. Duke Energy’s integrated resource plans (required by the US states in which it operates as a regulated utility) discuss the future of current assets in the context of regulatory compliance.

Progress towards the Paris Agreement

More about the company

Headquarters
Charlotte, North Carolina, USA
Ownership structure
Publicly listed
Group revenue
US$25.1 billion (2019)
Installed capacity
53.4 GW (2019)
Website
https://www.duke-energy.com