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Electricity Distribution
CA
updated 2 days ago

Hydro One

Company website

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.

31

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.

12

Industry Benchmark

Hydro One's score of 31 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

61%

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Hydro One's reported carbon emissions

In 2024, Hydro One reported total carbon emissions of approximately 99,000,000 kg CO2e for Scope 1 and about 2,000,000 kg CO2e for Scope 2. This marks a significant reduction from 2023, where emissions were approximately 130,000,000 kg CO2e for Scope 1 and about 209,000,000 kg CO2e for Scope 2. The company is actively reviewing its targets, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions by 2030, based on a 2018 baseline. Hydro One has committed to achieving net-zero greenhouse gas emissions by 2050, with initiatives including partnerships to develop SF6-free solutions, expected to be piloted in 2024. The company is on track with its near-term goals, focusing on operational emissions reductions. Overall, Hydro One's emissions data reflects a proactive approach to climate commitments, with a clear strategy for future reductions and sustainability initiatives.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2018201920202021202220232024
Scope 1
-
-
000,000,000
000,000,000
000,000,000
000,000,000
00,000,000
Scope 2
166,145,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
0,000,000
Scope 3
-
-
-
-
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hydro One's primary industry is Distribution and trade services of electricity, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hydro One is in CA, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Hydro One is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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