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Electricity Distribution
CA
updated 23 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.

34

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 34 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.

64%

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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.

Unlock detailed emissions data

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

2015201620172018201920202021202220232024
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
-
-
-
-
-
-
-
-
-
-

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 very 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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