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.
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.
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.
Aep's score of 63 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, American Electric Power (AEP) 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 and Scope 2 at about 1,204,324,000 kg CO2e (market-based). The company has not disclosed Scope 3 emissions for 2024, but in 2023, they were reported at 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 year of 2005 for the 80% reduction target. As of 2024, AEP has already achieved a 64% reduction in Scope 1 and Scope 2 emissions since 2005. The company's climate strategy includes a significant transition from coal to renewable energy sources, with plans to reduce coal capacity by approximately 74% by 2030. AEP's performance and targets are aligned with the broader industry goals of reducing greenhouse gas emissions and transitioning to cleaner energy sources.
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 78,760,420,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 8,271,179,000 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 5,840,762,000 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - |
Aep's Scope 3 emissions, which decreased by 3% last year and increased by approximately 591% since 2017, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 48% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 94% of Scope 3 emissions.
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Aep has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
