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 20 is lower than 53% 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 2023, Caribbean Utilities Company, Ltd. reported total carbon emissions of approximately 18,498,590 kg CO2e for Scope 1, 5,671,290 kg CO2e for Scope 2, and 72,760 kg CO2e for Scope 3. This data reflects a significant reduction from 2022, where emissions were about 22,120,290 kg CO2e for Scope 1, 4,651,440 kg CO2e for Scope 2, and 38,210 kg CO2e for Scope 3. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 across both Scope 1 and Scope 2 emissions. Additionally, they have established a near-term target to achieve a 5% annual reduction in GHG emissions intensity for Scope 1 and 2 compared to a 2019 baseline, with this target set to conclude in 2023. Furthermore, Caribbean Utilities is committed to a 25% reduction in overall methane emissions from operated assets by 2025, using 2021 as the base year. This emissions data and climate strategy are cascaded from Caribbean Utilities Company, Ltd., reflecting their commitment to sustainability and climate action as part of their corporate family initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 187,583,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 15,519,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,599,000 | 0,000,000 | 00,000 | 00,000 |
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.
