Hawaiian Electric Industries Sustainability Profile
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 50 is higher than 68% 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, primarily from stationary combustion, and about 2,229,711,000 kg CO2e for Scope 3 emissions, mainly from purchased goods and services. This reflects a notable increase in Scope 1 emissions compared to 2022, where they were approximately 4,109,983,000 kg CO2e. The company has set significant climate commitments, including a target to achieve net zero carbon emissions from power generation by 2045 or sooner. Additionally, under the State of Hawai‘i Act 234, Hawaiian Electric is required to reduce greenhouse gas emissions by 16% below 2010 levels by 2020, a target that was set in collaboration with partners such as AES and KPLP. Hawaiian Electric is also aligned with the Science Based Targets initiative (SBTi), committing to long-term net zero targets across all scopes by 2050. The company’s emissions data is sourced directly from Hawaiian Electric Industries, Inc., with no cascaded data from parent organizations. The utility's ongoing efforts reflect a commitment to sustainability and compliance with regulatory frameworks aimed at reducing greenhouse gas emissions.
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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 |
How Carbon Intensive is Hawaiian Electric Industries's Industry?
How Carbon Intensive is Hawaiian Electric Industries's Location?
Hawaiian Electric Industries's Scope 3 Categories Breakdown
Hawaiian Electric Industries's Scope 3 emissions, which decreased by 20% last year and decreased by approximately 42% since 2015, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the primary emissions source at 58% of Scope 3 emissions.
Top Scope 3 Categories
Hawaiian Electric Industries's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hawaiian Electric Industries has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
