Aep
American Electric Power (AEP), headquartered in the United States, is a leading player in the energy sector, primarily focused on electric utility services. Founded in 1906, AEP has grown to serve millions of customers across 11 states, including major operational regions in the Midwest and the South. The company is renowned for its commitment to providing reliable electricity and innovative energy solutions, including renewable energy initiatives and advanced grid technologies. AEP's core services encompass generation, transmission, and distribution of electricity, setting it apart with a strong emphasis on sustainability and customer engagement. With a robust market position, AEP has achieved significant milestones, including substantial investments in clean energy projects, positioning itself as a frontrunner in the transition to a more sustainable energy future.
DitchCarbon Score
How does Aep'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 from Other Sources 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
Aep's score of 63 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aep's reported carbon emissions
In 2024, American Electric Power (AEP), headquartered in the US, reported significant carbon emissions, with Scope 1 emissions totalling approximately 46,898,809,000 kg CO2e and Scope 2 emissions at about 1,081,558,000 kg CO2e (market-based). In 2023, AEP's emissions were slightly lower, with Scope 1 at approximately 43,351,137,000 kg CO2e, Scope 2 at about 1,204,324,000 kg CO2e (market-based), and Scope 3 emissions reaching approximately 40,349,289,000 kg CO2e. AEP has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 80% by 2030 compared to 2000 levels and achieve net-zero emissions by 2050 for both Scope 1 and Scope 2 emissions. This commitment was reaffirmed in 2021 and has been adjusted to include a new baseline of 2005 for its near-term targets. As of 2024, AEP has already achieved a 64% reduction in Scope 1 emissions since 2005. The company is also focused on transitioning its energy generation portfolio, with plans to reduce coal capacity significantly, aiming for a majority renewable energy portfolio by 2030. AEP's long-term vision includes achieving net-zero emissions for Scope 1 and 2 by 2045, reflecting its commitment to sustainable energy practices and climate responsibility.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 75,361,245,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - |
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.
Aep is participating in some 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.
