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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 distribution and trade services of electricity company, reported its Scope 1 emissions for 2024 as 98,914,000 kg CO2e and Scope 2 emissions as 1,991,000 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. Additionally, Hydro One aims to achieve net-zero greenhouse gas emissions by 2050 for all scopes. The company is actively reviewing its 2030 target due to increases in Scope 2 emissions over the past three years and is exploring SF6-free solutions, with plans to pilot non-SF6 equipment for lower voltages in 2024.
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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
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hydro One1 month ago
32
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