Hawaiian Electric Industries
Hawaiian Electric Industries, Inc. (HEI) is a prominent player in the electrical machinery and apparatus sector, headquartered in the United States. Established in 1891, HEI has evolved to become a leading provider of energy solutions across Hawaii, serving both residential and commercial customers. The company focuses on the generation, transmission, and distribution of electricity, with a strong commitment to renewable energy initiatives.
HEI's core offerings include electric utility services through its subsidiaries, Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company. These services are distinguished by their emphasis on sustainability and innovation, positioning HEI as a pioneer in the transition to clean energy. With a robust market presence, Hawaiian Electric Industries has achieved significant milestones, including substantial investments in renewable energy projects, reinforcing its status as a key contributor to Hawaii's energy landscape.
0 vs industry average
Hawaiian Electric Industries’s score of 36 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electrical Machinery Manufacturing has below-average carbon intensity
Industry performance
The Electrical Machinery Manufacturing industry has reduced its overall emissions by 37% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hawaiian Electric Industries's reported carbon emissions
Hawaiian Electric Industries (HEI), headquartered in the US and operating within the Electrical machinery and apparatus n.e.c. (31) industry, has disclosed its carbon emissions and climate commitments. For 2023, HEI reported Scope 1 emissions of approximately 4,418,695,000 kg CO2e, primarily from stationary combustion. Scope 3 emissions for the same year were approximately 2,229,711,000 kg CO2e, with purchased goods and services being a significant contributor. In 2022, HEI's Scope 1 emissions stood at approximately 4,109,983,000 kg CO2e, with stationary combustion being the largest source. Scope 3 emissions for 2022 were approximately 2,792,753,000 kg CO2e, also with purchased goods and services as the primary category. Looking back, Scope 1 emissions in 2021 were approximately 3,690,345,000 kg CO2e, and Scope 3 emissions were approximately 3,121,060,000 kg CO2e. In 2020, Scope 1 emissions were approximately 3,741,406,000 kg CO2e and Scope 3 emissions were approximately 3,168,991,000 kg CO2e. For 2019, HEI reported Scope 1 emissions of approximately 4,098,096,000 kg CO2e and Scope 3 emissions of approximately 3,872,422,000 kg CO2e. In 2015, Scope 1 emissions were approximately 4,098,096,000 kg CO2e, and Scope 3 emissions were approximately 3,872,166,000 kg CO2e. Hawaiian Electric has made a significant commitment to achieving net zero carbon emissions from power generation by 2045 or sooner. Additionally, in line with the State of Hawai‘i Act 234, HEI and its partners were required to reduce GHG emissions by 16% below their collective 2010 emission levels by 2020. HEI is also noted as a 'BA1.5 member' with a commitment date of November 1, 2021, indicating alignment with science-based targets for limiting global warming to 1.5°C. While SBTi reduction targets have been mentioned, specific details regarding their classification and timeframe could not be fully extracted.
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Hawaiian Electric Industries’s Climate Goals (2030 & 2050)
2 goals2045
In addition, the utility has committed to achieving net zero…
In addition, the utility has committed to achieving net zero carbon emissions from power generation by 2045 or sooner.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Hawaiian Electric Industries’s sustainability data and climate commitments
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