Firstenergy
FirstEnergy Corporation, a leading energy provider in the United States, is headquartered in Akron, Ohio. Established in 1997, the company has grown significantly through strategic mergers and acquisitions, positioning itself as a key player in the electric utility industry. FirstEnergy operates across several states, primarily in the Mid-Atlantic and Great Lakes regions, serving millions of customers.
The company focuses on the generation, transmission, and distribution of electricity, with a commitment to delivering reliable energy solutions. FirstEnergy is known for its innovative approach to energy efficiency and sustainability, offering a range of services that include renewable energy initiatives and advanced grid technologies. With a strong market presence, FirstEnergy has received recognition for its operational excellence and customer service, solidifying its reputation as a trusted energy partner.
+5 vs industry average
Firstenergy’s score of 20 is higher 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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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Firstenergy's reported carbon emissions
In 2023, FirstEnergy reported total carbon emissions of approximately 38.5 billion kg CO2e. This figure includes Scope 1 emissions of about 15.4 billion kg CO2e, Scope 2 emissions of approximately 1.4 billion kg CO2e, and Scope 3 emissions of around 21.7 billion kg CO2e. The company has set ambitious climate commitments, aiming for a 50% reduction in carbon dioxide emissions from 2019 levels by 2030 for both Scope 1 and Scope 2 emissions. Additionally, FirstEnergy is working towards achieving carbon neutrality by 2050 across all scopes. In 2021, FirstEnergy announced its intention to reduce companywide Scope 1 greenhouse gas emissions by 30% from a 2019 baseline by 2030. This commitment reflects the company's long-term strategy to address climate change and contribute to a sustainable energy future. The reduction targets are part of FirstEnergy's broader climate strategy, which underscores its commitment to environmental responsibility and sustainable practices.
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Firstenergy’s Climate Goals (2030 & 2050)
7 goals2030
50% reduction in Scope 2
In 2021, FirstEnergy announced plans to achieve a 50% reduction in carbon dioxide (CO2) emissions from 2019 levels by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Firstenergy
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