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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 reported total carbon emissions of approximately 84.4 billion kg CO2e in 2024. This includes about 46.9 billion kg CO2e from Scope 1, approximately 1.08 billion kg CO2e from Scope 2 (market-based), and about 36.8 billion kg CO2e from Scope 3 emissions.
AEP is committed to achieving an 80% reduction in Scope 1 greenhouse gas emissions by 2030, using a 2005 baseline. The company also aims for net-zero Scope 1 and 2 emissions by 2045. Additionally, AEP targets a 50% reduction in both Scope 1 and Scope 2 emissions by 2030, compared to a 2020 baseline. The company further aims to reduce its Scope 2 emissions to near zero by 2025.
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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