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OrganisationsCon Edison
Con Edison logo

Con Edison

Electricity from Other SourcesUnited StatesNYSE: ED
Last verified 9 months agoconed.com

Consolidated Edison, Inc., commonly known as Con Edison or Con Ed, is a leading energy provider headquartered in New York, US. Founded in 1824, the company has evolved into one of the largest investor-owned energy companies in the United States, serving millions of customers across New York City and the surrounding areas.

Operating primarily in the electric, gas, and steam utility sectors, Con Edison is renowned for its commitment to delivering reliable energy services while prioritising sustainability and innovation. The company offers a range of core products, including electricity, natural gas, and renewable energy solutions, distinguished by its focus on customer service and environmental responsibility.

With a strong market position, Con Edison has received numerous accolades for its operational excellence and community engagement, solidifying its reputation as a trusted energy partner in the region.

29
DitchCarbon score

+14 vs industry average

Con Edison’s score of 29 is higher than 60% 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

Very High

Electricity from Other Sources is among the most carbon-intensive industries

Industry performance

0.532
20192025

The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019

Emissions trajectory 2020 – 2027

00.0B00.0B00.0B00.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Con Edison's reported carbon emissions

In 2024, Con Edison reported total carbon emissions of approximately 36.4 billion kg CO2e, comprising 2.4 billion kg CO2e from Scope 1, 900 million kg CO2e from Scope 2, and about 32 billion kg CO2e from Scope 3 emissions. This reflects a slight decrease in Scope 1 emissions from 2023, where they were approximately 2.4 billion kg CO2e, while Scope 2 emissions increased from 600 million kg CO2e to 900 million kg CO2e. Scope 3 emissions remained relatively stable, decreasing slightly from about 32.4 billion kg CO2e in 2023. Con Edison has set ambitious climate commitments, aiming for net-zero direct (Scope 1) emissions for electric co-generation from their steam system by 2040. Additionally, they plan to achieve an 85% reduction in fugitive methane emissions from their natural gas delivery system by the same year. The company has also committed to investing $1.5 billion in energy efficiency initiatives by 2025, targeting a 30% reduction in Scope 2 emissions. Since 2005, Con Edison has successfully reduced its carbon footprint by 54%, equivalent to removing approximately 500,000 vehicles from the road. These initiatives demonstrate Con Edison’s commitment to addressing climate change and reducing its overall environmental impact.

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Con Edison’s Climate Goals (2030 & 2050)

5 goals

2050

54% reduction in Scope 1

We have reduced our carbon footprint by 54 percent since 2005 – the equivalent of taking 500,000 vehicles off the road.

On track54%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Con Edison logoCon Edison
USElectricity from Other Sources
9 months ago
29
Dte Energy logoDte Energy
USComputer Services
5 days ago
53
View
Edison logoEdison
USPublic Administration
8 days ago
52
View
Aes logoAes
USElectricity Transmission
10 hours ago
46
View
Dominion Energy logoDominion Energy
USElectricity Transmission
10 days ago
45
View
Exelon logoExelon
USElectricity from Other Sources
3 days ago
43
View
Constellation Energy logoConstellation Energy
USElectricity Transmission
12 days ago
41
View

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