ITC Holdings Corp.
ITC Holdings Corp., a leading player in the energy sector, is headquartered in the United States and operates primarily in the Midwest and Western regions. Founded in 2003, the company has established itself as a key provider of electric transmission services, focusing on the development and operation of high-voltage transmission networks. ITC's core offerings include transmission infrastructure and related services, which are distinguished by their commitment to reliability and efficiency. The company has achieved significant milestones, including the expansion of its transmission systems to enhance grid resilience. Recognised for its innovative approach, ITC Holdings Corp. continues to strengthen its market position, contributing to the evolution of the energy landscape while prioritising sustainability and customer service.
DitchCarbon Score
How does ITC Holdings Corp.'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 Transmission 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
ITC Holdings Corp.'s score of 49 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ITC Holdings Corp.'s reported carbon emissions
In 2024, ITC Holdings Corp. reported total carbon emissions of approximately 500,658,000 kg CO2e. This figure includes 272,670 kg CO2e from Scope 2 emissions, while Scope 1 emissions were recorded at zero. The majority of emissions stemmed from Scope 3, amounting to about 158,768,970 kg CO2e, with significant contributions from purchased goods and services (approximately 147,007,000 kg CO2e) and upstream transportation and distribution (about 3,282,000 kg CO2e). In 2023, the company’s emissions were notably higher, with total emissions reaching approximately 1,500,000,000 kg CO2e, comprising 1,355,000,000 kg CO2e from Scope 1, 241,000,000 kg CO2e from Scope 2, and 295,000,000 kg CO2e from Scope 3. The previous year, 2022, saw similar trends with total emissions of about 1,636,000,000 kg CO2e. ITC Holdings Corp. has set ambitious near-term reduction targets for both Scope 1 and Scope 2 emissions, aiming to inject over 1,200 Gigawatt-hours of electricity across various regions, which is projected to avoid around 500,000 metric tons of CO2e emissions in 2024. This commitment reflects the company's dedication to achieving net-zero emissions and aligns with industry standards for climate action. The emissions data is cascaded from ITC Holdings Corp. as a current subsidiary, ensuring that the reported figures are consistent with the corporate family’s overall sustainability initiatives.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 1,258,000,000 | 0,000,000,000 | - |
| Scope 2 | 193,000,000 | 000,000,000 | 000,000 |
| Scope 3 | 318,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
ITC Holdings Corp. 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.
