Aep
American Electric Power (AEP), headquartered in the United States, is a leading player in the energy sector, primarily focused on electric utility services. Founded in 1906, AEP has grown to serve millions of customers across 11 states, including major operational regions in the Midwest and the South. The company is renowned for its commitment to providing reliable electricity and innovative energy solutions, including renewable energy initiatives and advanced grid technologies. AEP's core services encompass generation, transmission, and distribution of electricity, setting it apart with a strong emphasis on sustainability and customer engagement. With a robust market position, AEP has achieved significant milestones, including substantial investments in clean energy projects, positioning itself as a frontrunner in the transition to a more sustainable energy future.
DitchCarbon Score
How does Aep'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 from Other Sources 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
Aep's score of 63 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aep's reported carbon emissions
In 2024, American Electric Power (AEP) reported significant carbon emissions, with Scope 1 emissions totalling approximately 46,900,437,000 kg CO2e and Scope 2 emissions at about 1,081,558,000 kg CO2e. This follows a trend from 2023, where AEP's Scope 1 emissions were around 43,351,137,000 kg CO2e, and Scope 2 emissions were approximately 1,204,324,000 kg CO2e. Notably, in 2023, AEP also disclosed Scope 3 emissions, which amounted to about 40,349,289,000 kg CO2e. AEP has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 80% by 2030 compared to 2000 levels, with a long-term goal of achieving net-zero emissions by 2050. The company has made substantial progress, having already reduced its carbon footprint by approximately 74% since 2000 through the retirement and conversion of coal-fueled generating capacity. AEP's near-term targets include reducing Scope 1 emissions to near zero by 2025 and achieving a 50% reduction in both Scope 1 and Scope 2 emissions from a 2020 baseline by 2030. These commitments reflect AEP's dedication to transitioning towards a cleaner energy portfolio, with plans to significantly decrease coal capacity and increase renewable energy resources. The company's efforts are aligned with industry standards for climate action and demonstrate a proactive approach to addressing climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 75,361,245,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - |
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.
Aep is participating in some 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.
