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 36 is higher than 94% 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 2023, Hydro One reported total carbon emissions of approximately 339,286,000 kg CO2e, comprising 129,994,000 kg CO2e from Scope 1 and 209,292,000 kg CO2e from Scope 2 emissions. The company has set an ambitious target to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2030, using 2018 as the baseline year. This commitment reflects Hydro One's ongoing efforts to enhance sustainability and address climate change. Additionally, Hydro One aims to achieve net-zero greenhouse gas emissions by 2050. To support this goal, the company is exploring partnerships to develop SF6-free solutions and plans to pilot non-SF6 equipment for lower voltages in 2024. These initiatives are part of Hydro One's broader strategy to mitigate its environmental impact and transition towards a more sustainable energy future.
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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 | - | - | - | 0,000,000 | 0,000,000 | - | - |
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.
