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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.
+35 vs industry average
Aep’s score of 51 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electricity from Other Sources is among the most carbon-intensive industries
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
AEP's most recent reported emissions for 2024 show a Scope 1 total of approximately 46.9 billion kg CO2e, Scope 2 market-based emissions of about 1.1 billion kg CO2e, and Scope 3 emissions including approximately 2.8 billion kg CO2e from purchased goods and services and 33.6 billion kg CO2e from fuel and energy-related activities. For 2023, total emissions were approximately 43.4 billion kg CO2e for Scope 1, 1.2 billion kg CO2e for Scope 2 (market-based), and 40.3 billion kg CO2e for Scope 3. In 2022, Scope 1 emissions were approximately 51.2 billion kg CO2e, Scope 2 (market-based) were about 353.7 million kg CO2e, and Scope 3 were approximately 41.8 billion kg CO2e.
AEP has set ambitious climate commitments, including a goal to achieve net-zero Scope 1 and 2 emissions by 2045. They are also working towards an 80% reduction in Scope 1 GHG emissions by 2030, with a 2005 baseline. Additionally, AEP aims to reduce its Scope 2 emissions by 50% from a 2020 baseline by 2030, and has a near-term goal to reduce Scope 1 and Scope 2 emissions to near zero by 2025. These targets reflect AEP's commitment to transforming its generating capacity portfolio towards a majority renewable energy base.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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