Hydro One Sustainability Profile
Hydro One Inc., commonly referred to as Hydro One, is a leading electricity transmission and distribution company headquartered in Ontario, Canada. Established in 1906, Hydro One has grown to become a pivotal player in the North American energy sector, primarily serving the province of Ontario and surrounding regions. The company focuses on delivering reliable electricity services, operating an extensive network of transmission lines and distribution systems. Hydro One is renowned for its commitment to innovation and sustainability, offering unique solutions that enhance grid resilience and support renewable energy integration. With a strong market position, Hydro One has achieved significant milestones, including advancements in smart grid technology and customer service enhancements. As a trusted provider, Hydro One continues to play a crucial role in powering communities and driving economic growth across Ontario.
DitchCarbon Score
How does Hydro One'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 Electricity Distribution 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
Hydro One's score of 34 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hydro One's reported carbon emissions
In 2024, Hydro One reported total carbon emissions of approximately 417,133,630 kg CO2e, comprising 98,913,970 kg CO2e from Scope 1 and 318,239,660 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2018 as a baseline. Additionally, Hydro One is working towards achieving net-zero greenhouse gas emissions by 2050. In 2023, Hydro One's emissions were approximately 129,994,000 kg CO2e for Scope 1 and 209,292,000 kg CO2e for Scope 2 globally. The company is actively reviewing its reduction targets in light of recent increases in Scope 2 emissions. Hydro One has also initiated partnerships to explore SF6-free solutions, with a pilot expected in 2024. Overall, Hydro One's climate strategy reflects a commitment to significant emissions reductions and a transition towards sustainable practices in the energy sector.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 121,478,000 | 000,000,000 | 000,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 202,282,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Hydro One's Industry?
How Carbon Intensive is Hydro One's Location?
Hydro One'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.
Hydro One has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
