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 97% 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 significant carbon emissions, with Scope 1 emissions totalling approximately 46,900,437,000 kg CO2e and Scope 2 emissions at about 1,081,558,000 kg CO2e. This reflects a continued commitment to reducing their carbon footprint, following a trend observed in previous years. For instance, in 2023, AEP's Scope 1 emissions were approximately 43,351,137,000 kg CO2e, while Scope 2 emissions were around 1,204,324,000 kg CO2e. AEP 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. This commitment was reaffirmed in 2021 and has been adjusted to include a new baseline year of 2005 for their near-term goals. Additionally, AEP plans to reduce its coal capacity significantly, targeting a reduction of approximately 5,574 MW by 2030, which is expected to contribute to a 74% decrease in coal generation capacity. The company has already made notable progress, having reduced its greenhouse gas emissions by about 74% from 2000 levels since 2011. AEP's long-term vision includes transitioning to a majority renewable energy portfolio by 2030, further underscoring its commitment to sustainable energy practices.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 74,661,649,000 | 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 | 20,000,000,000 | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 100,000,000,000 | - | - | 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.
