Aes

AES, a company operating in the distribution and trade services of electricity sector headquartered in the US, has set ambitious climate commitments. For the reporting year 2024, AES reported total GHG emissions of approximately 30.3 billion kg CO2e. This includes Scope 1 emissions of roughly 27.8 billion kg CO2e, Scope 2 emissions of approximately 439.5 million kg CO2e, and Scope 3 emissions totalling about 1.86 billion kg CO2e.

Looking at previous years, AES reported total emissions of approximately 36.3 billion kg CO2e in 2023, comprising Scope 1 emissions of about 33.4 billion kg CO2e, Scope 2 emissions of around 422 million kg CO2e, and Scope 3 emissions of approximately 2.45 billion kg CO2e. In 2022, total emissions were approximately 43.4 billion kg CO2e, with Scope 1 at roughly 39.9 billion kg CO2e, Scope 2 at about 478.7 million kg CO2e, and Scope 3 at approximately 3.1 billion kg CO2e.

AES is committed to significant emissions reductions, including a target to achieve net-zero carbon emissions from electricity sales by 2040 and for all business scopes by 2050. The company aims to reduce its carbon intensity by 70 percent from 2016 levels by 2030. Furthermore, AES has an intention to have zero coal in its portfolio by 2025 and is committed to reducing its absolute Scope 1 and Scope 2 emissions by 30% from 2020 levels by 2030. They also aim to reduce Scope 1 and Scope 2 greenhouse gas emissions by 18% per MWh generated by 2030, compared to 2020.