Aes

AES, a US-based distribution and trade services of electricity company, reported its most recent carbon emissions for 2024. The total emissions for 2024 were approximately 27,778,693,000 kg CO2e for Scope 1, 439,475,000 kg CO2e for Scope 2 (market-based), and 1,861,000,000 kg CO2e for Scope 3.

Looking at previous years, AES's Scope 1 emissions have shown a general downward trend. In 2023, Scope 1 emissions were approximately 33,401,000,000 kg CO2e, a decrease from 39,931,000,000 kg CO2e in 2022. This continues a reduction from 40,612,000,000 kg CO2e in 2021, and 42,961,000,000 kg CO2e in 2020. Scope 1 emissions were around 45,611,000,000 kg CO2e in 2019, 50,291,000,000 kg CO2e in 2018, 64,527,000,000 kg CO2e in 2017, 51,809,568,000 kg CO2e in 2016, and 70,339,000,000 kg CO2e in 2015.

The company has set several ambitious climate commitments. AES aims for net-zero carbon emissions from electricity sales by 2040 and net-zero carbon emissions for all business scopes by 2050. Specifically, for Scope 1, AES is committed to reducing its carbon intensity by 70% from 2016 levels by 2030 and to reduce absolute Scope 1 emissions by 30% from 2020 levels by 2030. They also intend to have zero coal in their portfolio by 2025, which impacts Scope 1 and Scope 2 emissions.

Additionally, for Scope 2, AES has a target to reduce absolute Scope 2 emissions by 30% from 2020 levels by 2030. There's also a target to reduce Scope 1 and 2 greenhouse gas emissions by 18% tCO2e per MWh generated by 2030, compared to 2020. For Scope 3, AES aims for net-zero carbon emissions for its entire business portfolio by 2050. The company also targets reducing the carbon intensity of its portfolio to align with a well-below 2°C scenario by 2030 based on the Sectoral Decarbonisation Approach for power generation. All emissions data and climate commitments are directly from AES disclosures.