Hawaiian Electric Industries
Hawaiian Electric Industries, Inc. (HEI) is a prominent player in the energy sector, headquartered in Honolulu, Hawaii. Founded in 1891, HEI has established itself as a leader in providing sustainable energy solutions across the Hawaiian Islands, including Oahu, Maui, and the Big Island. The company operates primarily in the electric utility industry, focusing on the generation, transmission, and distribution of electricity. HEI is renowned for its commitment to renewable energy, offering innovative services that include solar energy integration and energy efficiency programmes. With a strong emphasis on sustainability, Hawaiian Electric Industries has made significant strides in reducing carbon emissions and enhancing grid reliability. As a key contributor to Hawaii's clean energy goals, HEI continues to solidify its market position through strategic initiatives and community engagement, making it a vital force in the transition to a greener future.
DitchCarbon Score
How does Hawaiian Electric Industries'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 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.
Industry Benchmark
Hawaiian Electric Industries's score of 47 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hawaiian Electric Industries's reported carbon emissions
In 2023, Hawaiian Electric Industries reported total carbon emissions of approximately 4,418,695,000 kg CO2e for Scope 1 emissions, which include direct emissions from owned or controlled sources. Additionally, the company disclosed Scope 3 emissions amounting to about 2,229,711,000 kg CO2e, which encompass indirect emissions from the value chain. This represents a slight increase in Scope 1 emissions from 2022, where they were approximately 4,109,983,000 kg CO2e, and a decrease in Scope 3 emissions from about 2,792,753,000 kg CO2e. Hawaiian Electric is committed to significant climate action, having set a target to reduce greenhouse gas emissions by 16% below 2010 levels by 2020, as mandated by the State of Hawai‘i Act 234. Furthermore, the company has pledged to achieve net zero carbon emissions from power generation by 2045 or sooner. This long-term commitment aligns with their Science Based Targets initiative (SBTi) targets, which aim for net zero across all scopes by 2050. The company’s emissions data is sourced directly from Hawaiian Electric Industries, Inc., with no cascading from a parent organization. This ensures that the reported figures reflect the company's own operational impact and commitments.
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| 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,098,096,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - |
| Scope 3 | 3,872,166,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Hawaiian Electric Industries 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.
