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 49 is higher than 71% 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 significant carbon emissions, totalling approximately 4,418,695,000 kg CO2e for Scope 1 emissions, which primarily stem from stationary combustion. Additionally, Scope 3 emissions were reported at about 2,229,711,000 kg CO2e. This marks a notable increase in Scope 1 emissions compared to previous years, where in 2022, Scope 1 emissions were approximately 5,119,000 kg CO2e, and in 2021, they were about 3,690,345,000 kg CO2e. Hawaiian Electric has set ambitious climate commitments, including a target to achieve net zero carbon emissions from power generation by 2045 or sooner. This commitment aligns with the State of Hawai‘i Act 234, which mandates a 16% reduction in greenhouse gas emissions below 2010 levels by 2020. Although the company has made strides in its emissions reduction initiatives, the recent data indicates challenges in meeting these targets. The company is also a member of the Science Based Targets initiative (SBTi), committing to long-term net zero targets across all scopes by 2050. This commitment reflects Hawaiian Electric's dedication to addressing climate change and reducing its carbon footprint in the electric utility sector. Overall, Hawaiian Electric Industries is actively working towards significant emissions reductions while navigating the complexities of its operational impacts on climate change.
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| 2015 | 2016 | 2017 | 2018 | 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 | 0,000,000,000 | 0,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 0,000,000 | - |
| Scope 3 | 3,872,166,000 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000 | 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.
