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Pacific Gas and Electric (PG&E)

Pacific Gas and Electric (PG&E) is a publicly listed company headquartered in San Francisco, United States of America. In 2020, its revenue was USD 18.5 billion and installed capacity was 8 Gigawatts (GW). PG&E has the second lowest emissions intensity of US-based companies assessed, and the 8th lowest overall. In 2020, the company emerged from bankruptcy, following proceedings linked to wildfire liabilities.

Ranking position
#32/50
Total score
24.3/100
Performance score
5.2/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 0.8 / 4 #33

Material Investment

#1 0.2 / 7 #49

Intangible Investment

#1 0.1 / 2 #14

Management

#1 2.5 / 4 #17

Policy Engagement

#1 0.2 / 1 #39

Business Model

#1 1.5 / 2 #16

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

PG&E receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company lacks targets for its electric utilities business beyond an unambitious target to 2022. Even if the PG&E achieves California’s clean energy goal of net-zero electricity generation by 2045, it will not keep pace with its 1.5°C pathway that requires it to be net-zero by 2035. Although the company is investing in energy storage projects and developing electric vehicle infrastructure, its ongoing gas use means it is unlikely to reduce its emissions intensity between 2020 and 2025.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
San Francisco, California, United States of America
Group revenue (2020)
USD 18.5 billion
Ownership
Publicly listed
Installed capacity (2020)
7.7 GW
Website
https://www.pgecorp.com

This company is part of the SDG2000, the 2.000 most influential companies

See company profile