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 34 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hawaiian Electric Industries's reported carbon emissions
In 2023, Hawaiian Electric Industries reported carbon emissions of approximately 4,418,695,000 kg CO2e, with Scope 1 emissions accounting for 4,418,695,000 kg CO2e and Scope 3 emissions at about 2,229,711,000 kg CO2e. The company has committed to achieving net-zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi) guidelines. This long-term target encompasses all scopes of emissions, reflecting a comprehensive approach to climate action. Over recent years, Hawaiian Electric has demonstrated a commitment to reducing its carbon footprint. For instance, in 2020, the company reported Scope 1 emissions of approximately 3,741,406,000 kg CO2e, which indicates a gradual increase in emissions leading up to 2023. The company is actively working towards its net-zero goal, having set interim targets to guide its progress. Hawaiian Electric's emissions intensity has varied, with figures such as 825 kg CO2e per MWh in 2023, highlighting the ongoing challenges in reducing emissions while meeting energy demands. The company is focused on transitioning to cleaner energy sources and improving operational efficiencies to meet its climate commitments.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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 | - | - | 00,000 | 00,000 | 0,000,000 | - |
| 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 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.
