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Hydro One Inc., a leading provider in the distribution and trade services of electricity, is headquartered in Ontario, Canada. Established in 1906, the company has evolved significantly, becoming a pivotal player in the energy sector, particularly in the province of Ontario, where it serves millions of customers.
Hydro One's core services include the transmission and distribution of electricity, with a focus on delivering reliable and sustainable energy solutions. The company is recognised for its commitment to innovation and customer service, setting it apart in a competitive market.
With a strong market position, Hydro One has achieved notable milestones, including advancements in smart grid technology and a dedication to environmental stewardship. As a trusted name in electricity distribution, Hydro One continues to shape the future of energy in Canada.
32
DitchCarbon score
+15 vs industry average
Hydro One’s score of 32 is higher than 56% 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
Very High
Electricity Distribution is among the most carbon-intensive industries
Industry performance
3.837
20182025
The Electricity Distribution industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hydro One's reported carbon emissions
Hydro One, a Canadian-based electricity distribution and trade services company, reported Scope 1 emissions of approximately 98.9 million kg CO2e and Scope 2 emissions of about 1.99 million kg CO2e in 2024. In 2023, its Scope 1 emissions were approximately 129.99 million kg CO2e and Scope 2 emissions were about 1.36 million kg CO2e. The company has a near-term absolute reduction target to decrease its operations-driven Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2030, against a 2018 baseline. Hydro One also aims to achieve net-zero greenhouse gas emissions across all scopes by 2050.
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Hydro One’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
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Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hydro One8 days ago
32
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