Caribbean Utilities
Caribbean Utilities Company, Ltd. (CUC) is a leading electricity provider headquartered in the Cayman Islands (KY). Established in 1966, CUC has played a pivotal role in the region's energy sector, serving Grand Cayman and the surrounding areas. The company is renowned for its commitment to delivering reliable and sustainable electricity, utilising a mix of traditional and renewable energy sources. CUC's core services include electricity generation, transmission, and distribution, with a focus on innovation and environmental stewardship. Notable achievements include significant investments in renewable energy projects, positioning CUC as a frontrunner in the Caribbean's transition to greener energy solutions. With a strong market presence, Caribbean Utilities continues to enhance its infrastructure and service offerings, ensuring a stable energy supply for its customers.
DitchCarbon Score
How does Caribbean Utilities'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 Solar Thermal Electricity 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
Caribbean Utilities's score of 11 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Caribbean Utilities's reported carbon emissions
In 2022, Caribbean Utilities, headquartered in the Cayman Islands (KY), reported carbon emissions of approximately 449,587,000 kg CO2e, all of which fall under Scope 1 emissions. There were no reported emissions for Scope 2 or Scope 3. This represents a slight increase from 2021, when emissions were about 436,880,000 kg CO2e, and from 2020, which recorded approximately 430,963,000 kg CO2e. Caribbean Utilities has set ambitious climate commitments, aiming for a 60% reduction in greenhouse gas (GHG) emissions by 2030. This target applies to both Scope 1 and Scope 2 emissions, with the reduction timeframe starting in 2023. The company is actively working towards these goals as part of its sustainability strategy, reflecting a commitment to addressing climate change and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 443,070,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - |
| Scope 3 | - | - | - | - |
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.
Caribbean Utilities is not participating in any 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.
