Hydro One
Hydro One Inc., commonly referred to as Hydro One, is a leading electricity transmission and distribution company headquartered in Ontario, Canada. Established in 1906, Hydro One has grown to become a pivotal player in the North American energy sector, primarily serving the province of Ontario and surrounding regions. The company focuses on delivering reliable electricity services, operating an extensive network of transmission lines and distribution systems. Hydro One is renowned for its commitment to innovation and sustainability, offering unique solutions that enhance grid resilience and support renewable energy integration. With a strong market position, Hydro One has achieved significant milestones, including advancements in smart grid technology and customer service enhancements. As a trusted provider, Hydro One continues to play a crucial role in powering communities and driving economic growth across Ontario.
DitchCarbon Score
How does Hydro One's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Distribution industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hydro One's score of 31 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hydro One's reported carbon emissions
In 2024, Hydro One reported total carbon emissions of approximately 99,000,000 kg CO2e for Scope 1 and about 2,000,000 kg CO2e for Scope 2. This marks a significant focus on reducing greenhouse gas emissions as part of their climate commitments. Hydro One has set an ambitious target to reduce its Scope 1 and Scope 2 emissions by 30% by 2030, using 2018 as the baseline year. This target is currently under review, particularly in light of recent increases in Scope 2 emissions. Additionally, the company aims to achieve net-zero greenhouse gas emissions by 2050, with plans to pilot non-SF6 equipment in 2024 as part of their long-term strategy. In previous years, Hydro One's emissions were higher, with Scope 1 emissions reaching approximately 130,000,000 kg CO2e in 2023 and about 150,000,000 kg CO2e in 2022. Scope 2 emissions were reported at around 209,000,000 kg CO2e in 2023 and approximately 202,000,000 kg CO2e in 2022. These commitments reflect Hydro One's dedication to sustainability and its proactive approach to addressing climate change within the energy sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 166,145,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hydro One is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
