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.
+8 vs industry average
Hydro One’s score of 24 is higher than 53% 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
Electricity Distribution is among the most carbon-intensive industries
Industry performance
The Electricity Distribution industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hydro One's reported carbon emissions
Hydro One, headquartered in Canada and operating in the distribution and trade services of electricity industry, has established climate commitments and reported on its carbon emissions.
For the most recent reported year, 2024, Hydro One reported Scope 1 emissions of approximately 98,914,000 kg CO2e and Scope 2 emissions of approximately 1,991,000 kg CO2e. In 2023, Scope 1 emissions were approximately 129,994,000 kg CO2e, and Scope 2 emissions were approximately 1,363,000 kg CO2e. Prior to that, in 2022, Scope 1 emissions totalled approximately 149,995,000 kg CO2e, with Scope 2 emissions at approximately 1,435,000 kg CO2e.
Hydro One has set a target to reduce its "operations-driven" Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 30% by 2030, using a 2018 baseline. The company is also working towards achieving net-zero GHG emissions by 2050. Initiatives include developing partnerships to find SF6-free solutions, with plans to pilot non-SF6 equipment for lower voltages in 2024. The company is currently reviewing its 30% reduction target for 2030 in light of recent increases in Scope 2 emissions.
While Hydro One has reported Scope 1 and Scope 2 emissions data, Scope 3 emissions data is not fully disclosed, with "scope_3/fuel_and_energy_related_activities" noted as a missing data point in several reporting years. The provided data does not include a total sum of Scope 1, 2, and 3 emissions for any year.
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Hydro One’s Climate Goals (2030 & 2050)
4 goals2030
30% reduction in Scope 2
Hydro One will focus on reducing its “operations-driven” Scope 1 and Scope 2 GHG emissions by 30% by 2030 against a 2018 baseline.
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
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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