Hannon Armstrong
Hannon Armstrong Sustainable Infrastructure Capital, Inc., commonly known as Hannon Armstrong, is a leading player in the sustainable infrastructure investment sector. Headquartered in the United States, the company primarily operates across North America, focusing on financing projects that promote renewable energy and energy efficiency. Founded in 1981, Hannon Armstrong has achieved significant milestones, including its public listing in 2013, which marked a pivotal moment in its growth trajectory. The firm offers a unique suite of financial products and services, including debt and equity financing for sustainable infrastructure projects. Hannon Armstrong distinguishes itself through its commitment to environmental sustainability and its extensive expertise in the energy sector. With a strong market position, the company has garnered recognition for its innovative approach to financing, contributing to a greener economy while delivering value to its investors.
DitchCarbon Score
How does Hannon Armstrong'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 Other Services 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
Hannon Armstrong's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hannon Armstrong's reported carbon emissions
In 2023, Hannon Armstrong reported zero emissions for both Scope 1 and Scope 2, maintaining a consistent trend from previous years. The company has set ambitious near-term targets to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. This commitment aligns with their long-term strategy, which includes portfolio targets covering 81.7% of total investment and lending activities, as established in 2019. For 2021, Hannon Armstrong disclosed Scope 3 emissions amounting to approximately 178,000 kg CO2e, with significant contributions from investments (117,000 kg CO2e) and business travel (41,000 kg CO2e). The company has not reported any Scope 1 or Scope 2 emissions in prior years, indicating a focus on upstream and downstream emissions management. Hannon Armstrong is committed to net-zero emissions and has aligned its targets with the Science Based Targets initiative (SBTi), ensuring that its operational emissions reductions are consistent with the 1.5°C climate goal. The company aims to achieve these reductions across all scopes by 2050, with interim targets set for 2030. Overall, Hannon Armstrong's climate commitments reflect a proactive approach to sustainability, with a clear roadmap for emissions reduction and a focus on integrating climate considerations into its financial operations.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | - | - |
| Scope 3 | 218,000 | 000,000 |
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.
Hannon Armstrong is participating in some 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.
