Aes

Aes's reported carbon emissions

AES, headquartered in the US and operating in the transmission services of electricity industry, reported significant progress in reducing its carbon footprint. In 2024, the company's total emissions were approximately 30.1 billion kg CO2e, comprising Scope 1 emissions of about 28.3 billion kg CO2e, Scope 2 emissions of approximately 439.5 million kg CO2e, and Scope 3 emissions of around 1.9 billion kg CO2e. This represents a notable decrease from 2023, when total emissions stood at approximately 36.3 billion kg CO2e, with Scope 1 accounting for about 33.4 billion kg CO2e, Scope 2 at approximately 422 million kg CO2e, and Scope 3 at approximately 2.5 billion kg CO2e. In 2022, AES recorded total emissions of approximately 43.5 billion kg CO2e, with Scope 1 at roughly 39.9 billion kg CO2e, Scope 2 at around 479 million kg CO2e, and Scope 3 at approximately 3.1 billion kg CO2e. AES is committed to a decarbonisation strategy with several key targets. The company aims to achieve net-zero carbon emissions from electricity sales by 2040. Furthermore, AES has set a near-term goal to reduce Scope 1 and Scope 2 greenhouse gas emissions by 18% per MWh generated by 2030, compared to 2020 levels. There is also an intent to have zero coal in the company's portfolio by 2025. AES is also working towards reducing absolute Scope 1 and Scope 2 emissions by 30% from 2020 levels by 2030. Historically, AES has targeted a 70% reduction in its carbon intensity from 2016 levels by 2030 and aims to be carbon neutral by 2050. In addition, specific air emission reduction targets include a reduction of sulphur dioxide (SO2) by approximately 63%, particulate matter (PM) by about 56%, nitrogen oxides (NOx) by approximately 48%, and mercury (Hg) by around 25% by 2030, compared to a 2016 baseline. AES has also announced that it has become carbon neutral, offsetting all historical Scope 1, 2, and 3 emissions, anticipating the achievement of this goal by 2025.