Hawaiian Electric Industries, Inc., commonly known as Hawaiian Electric, is a leading utility company headquartered in the United States, specifically in Honolulu, Hawaii. Established in 1891, it has played a pivotal role in providing reliable electricity to the islands of Oahu, Maui, and Hawaii Island. Operating within the energy sector, Hawaiian Electric focuses on generating, transmitting, and distributing electricity, with a strong commitment to renewable energy integration. The company has made significant strides in sustainability, aiming for a 100% renewable energy portfolio by 2045, which sets it apart in the industry. Recognised for its innovative approach, Hawaiian Electric has achieved notable milestones, including the implementation of advanced smart grid technologies. Its market position is strengthened by a dedication to community engagement and environmental stewardship, making it a key player in Hawaii's energy landscape.
How does Hawaiian Electric'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.
Mean score of companies in the Electrical Machinery Manufacturing 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.
Hawaiian Electric's score of 15 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hawaiian Electric, headquartered in the United States, has committed to achieving net-zero carbon emissions by 2050. While specific emissions data for the most recent year is not available, the company has set long-term targets across all scopes of emissions, demonstrating a comprehensive approach to climate action. Hawaiian Electric's commitment includes a focus on reducing emissions from its operations, which fall under Scope 1 and Scope 2 categories, while also addressing Scope 3 emissions through its supply chain and customer usage. The company has been recognised for its commitment to the Science Based Targets initiative (SBTi), having established targets that align with global climate goals. The company is actively working towards these targets, having initiated its net-zero journey in 2023. This commitment reflects Hawaiian Electric's dedication to sustainability and its role in the electric utilities sector, which is crucial for transitioning to a low-carbon economy.
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.
Hawaiian Electric is committed to some reduction initiatives 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.