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) reported total carbon emissions of approximately 46,898,809,000 kg CO2e for Scope 1 and about 1,081,558,000 kg CO2e for Scope 2. In 2023, AEP's emissions were approximately 43,351,137,000 kg CO2e for Scope 1, 1,204,324,000 kg CO2e for Scope 2, and 40,349,289,000 kg CO2e for Scope 3. The company has set ambitious carbon reduction targets, aiming for an 80% reduction in Scope 1 emissions by 2030 compared to 2000 levels and achieving net-zero emissions by 2050 for both Scope 1 and Scope 2 emissions. AEP has made significant progress in its climate commitments, having already reduced its Scope 1 GHG emissions by approximately 64% from 2005 levels as of 2024. The company plans to further reduce its coal capacity by about 5,574 MW by 2030, which will contribute to its goal of transforming its energy portfolio from a majority coal-fueled base to a majority renewable one by 2030. Overall, AEP's climate strategy is focused on substantial emissions reductions and a transition to cleaner energy sources, with a long-term vision of achieving net-zero emissions by 2045 for both Scope 1 and Scope 2 emissions.
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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.
