Our Transition Plans
At Pennon, we recognise the need to transition to a low-carbon economy in alignment with the goals of the Paris Agreement and a 1.5°C future, to help protect our beautiful environment across the Great South West and beyond.
As a leading provider of the UK’s clean water and wastewater services, we are committed to delivering a resilient and sustainable future. Our near-term GHG targets were validated and approved by the Science Based Targets Initiative (SBTi) in May 2024, and we are now focused on delivering against these ambitious targets.
Science Based Targets (SBTs) provide a clearly defined pathway for companies to reduce greenhouse gas emissions. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.
We are working beyond our regulatory commitments to consider the Transition Plan Taskforce’s (TPT) guidance for Climate Transition Plans in our annual reporting, and remain committed to building on our transition plans as we continue making progress towards net zero.
Climate adaptation
Assessing climate change risk and any potential impacts and possible mitigations on our various operations, assets and networks, is an ongoing process.
In December 2024, we published our latest climate change adaptation report as part of the UK government’s fourth adaptation reporting cycle. This feeds into the next UK Climate Change Risk Assessment and National Adaptation Programme and details what actions we are undertaking to ensure that we are adapting to any emerging climate change risks.
We have already made good progress in mitigating the impacts of climate change, but in response as risks develop over time we need to continually monitor and review our plans. Collectively these plans are driven through:
- South West Water, Bristol Water and SES Water - Water Resource Management Plans for the next 25 years.
- South West Water - Drainage and Waste Water Management Plan for the next 25 years.
- South West Water, Bristol Water and SES Water - five-year business plan covering the period 2025-2030.
Each of these plans can be found on the relevant company website, as below:
For further details of how our business is preparing for climate change please see our latest Climate Change Adaptation Report
We are core members of the Water Resources West Country Water Resources group, established in 2017 to allow improved collaboration in water resources management in the South West of England.
Task Force on Climate-related Financial Disclosures’ (TCFD)
TCFD provides a framework setting out how businesses should integrate climate change risk and opportunities into their business strategy, governance, risk management and metrics and targets. Pennon support the Financial Stability Board Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations that were introduced as mandatory reporting for 2022. Read our TCFD report for 2024/25.