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.
+7 vs industry average
Hydro One’s score of 22 is higher than 52% 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 31% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hydro One's reported carbon emissions
In 2024, Hydro One reported total carbon emissions of approximately 101,000,000 kg CO2e, comprising 98,914,000 kg CO2e from Scope 1 and 1,991,000 kg CO2e from Scope 2 emissions. The company has set a significant target to reduce its Scope 1 and Scope 2 emissions by 30% by 2030, using 2018 as the baseline year. This commitment is part of their broader strategy to achieve net-zero greenhouse gas emissions by 2050. In 2023, Hydro One's emissions were approximately 131,000,000 kg CO2e, with Scope 1 emissions at 129,994,000 kg CO2e and Scope 2 emissions at 1,363,000 kg CO2e. The company is currently reviewing its reduction targets in light of recent increases in Scope 2 emissions. Hydro One is actively exploring innovative solutions, including partnerships with vendors and research groups to develop SF6-free equipment, with pilot projects expected to commence in 2024. This initiative aligns with their long-term goal of achieving net-zero emissions by 2050. Overall, Hydro One's climate commitments reflect a proactive approach to reducing their carbon footprint and addressing climate change, with a clear focus on both immediate and long-term sustainability goals.
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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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Hydro One
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