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OrganisationsAep
Aep logo

Aep

Electricity from Other SourcesUnited States
Last verified 2 days agoaep.com

American Electric Power (AEP), a leading player in the electricity sector, is headquartered in the United States and operates extensively across the Midwest and South. Founded in 1906, AEP has established itself as a key provider of electric utility services, focusing on generation, transmission, and distribution of electricity.

With a commitment to innovation, AEP offers a diverse range of energy solutions, including renewable energy initiatives and advanced grid technologies. The company is recognised for its efforts in sustainability and reliability, positioning itself as a frontrunner in the transition to cleaner energy sources. AEP's notable achievements include significant investments in renewable energy projects, enhancing its market position as a trusted energy provider.

51
DitchCarbon score

+36 vs industry average

Aep’s score of 51 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very High

Electricity from Other Sources is among the most carbon-intensive industries

Industry performance

3.039
20182025

The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018

Emissions trajectory 2020 – 2027

000.0B00.0B00.0B00.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Aep's reported carbon emissions

AEP, headquartered in the US and operating within the Electricity nec industry, has outlined significant carbon emissions reduction targets. For the reporting year 2024, AEP reported Scope 1 emissions of approximately 46.9 billion kg CO2e, Scope 2 emissions of about 1.1 billion kg CO2e (market-based), and Scope 3 emissions totalling approximately 33.6 billion kg CO2e, primarily from fuel and energy-related activities. The total combined emissions for 2024 were approximately 81.4 billion kg CO2e.

In 2023, AEP's Scope 1 emissions were around 43.4 billion kg CO2e, Scope 2 emissions were approximately 1.2 billion kg CO2e (market-based), and Scope 3 emissions were about 40.3 billion kg CO2e. Their total combined emissions for 2023 amounted to approximately 84.9 billion kg CO2e.

AEP's climate commitments include ambitious reduction goals. They aim to achieve an 80% reduction in Scope 1 GHG emissions by 2030 compared to 2005 levels and aspire to reach net-zero Scope 1 and 2 emissions by 2045. Additionally, AEP is committed to reducing Scope 1 and Scope 2 emissions by 50% from a 2020 baseline by 2030. They also aim to reduce Scope 2 emissions to near zero by 2025. AEP has also set a goal to transform its generating capacity portfolio to be majority renewable by 2030.

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Aep’s Climate Goals (2030 & 2050)

10 goals

2050

80% reduction in Scope 1

AEP set new carbon reduction goals for 2030 and 2050 (from a 2000 baseline). We are also confident that we will exceed our 80 percent target…

On track80%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

4 of 15 categories disclosed
Fuel & Energy Activities92%
Purchased Goods & Services8%
Employee Commuting0%
Business Travel0%
Fuel & Energy Activities92%
Purchased Goods & Services8%
Employee Commuting0%
Business Travel0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

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Active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Aep logoAep
USElectricity from Other Sources
2 days ago
51
American Water logoAmerican Water
USSteam and Hot Water Supply
3 days ago
63
View
Nrg Energy logoNrg Energy
USElectricity Transmission
5 hours ago
37
View
Pinnacle West Capital logoPinnacle West Capital
USElectricity from Other Sources
8 days ago
8
View

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

Where does DitchCarbon
data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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Ditchcarbonv260716.3
[email protected]+44 203 475 7875

Ditch Carbon Ltd

167-169 Great Portland Street

London W1W 5PF

Platform

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Resources

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Use Case

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  • Financed Emissions (PCAF)
  • Emissions Reporting
  • Sustainable Sourcing: A Strategy for Decarbonisation
  • Smarter Supplier Engagement: Reduce Burden, Drive Decarbonisation
  • SBTi-Aligned Baselining

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