AES Corp

Common Name
AES
Country
United States
Sector
Utilities
Industry
Utilities - Diversified
Employees
9,100
Ticker
AES
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
AES Corporation is a leading global power company active in energy generation and utility services. Its core function is to provide sustainable energy solutions across diverse markets, operating a lar...

AES's GHG Emissions Data Preview

In 2023, AES completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

AES has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into AES's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of AES amounted to 33,873,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of AES decreased by 16.18%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

AES's Scope 1 Emissions Over Time

201820192020202120222023015 M30 M45 M60 MtCO2e-9%-6%-5%-2%-16%
  • Total Scope 1
  • Year-over-Year Change

What are AES's Scope 1 emissions?

In 2023, the total Scope 1 emissions of AES were 33,401,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has AES reduced its Scope 1 emissions over time?

Since 2018, AES's Scope 1 emissions have decreased by 33.58%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), AES's Scope 1 emissions decreased by 16.35%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are AES's Scope 2 emissions?

In 2023, AES reported Scope 2 greenhouse gas (GHG) emissions of 472,000 tCOâ‚‚e using the market-based method and 472,000 tCOâ‚‚e using the location-based method.

Has AES reduced its Scope 2 emissions over time?

Since 2018, AES's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 50.32%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), AES's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that AES 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does AES use for Scope 2 reporting?

In 2023, AES reported its Scope 2 emissions using the market-based method and using the location-based method.

AES's Scope 2 Emissions Over Time

2018201920202021202220230200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into AES's Value Chain Emissions

In 2023, AES reported 2,450,410 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of AES includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

AES's Scope 3 Emissions Over Time

20182019202020212022202303 M6 M9 M12 MtCO2e-69%-5%+5%-1%-21%
  • Total Scope 3
  • Year-over-Year Change

What are AES's Scope 3 emissions?

In 2023, AES reported total Scope 3 emissions of 2,450,410 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has AES reduced its Scope 3 emissions over time?

Since 2018, AES's Scope 3 emissions have decreased by 75.67%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), AES's Scope 3 emissions decreased by 21.42%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does AES disclose?

In 2023, AES reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of AES's Scope 3 emissions?

In 2023, the largest contributors to AES's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 2,438,430 tCOâ‚‚e (99.51%)
  • Waste Generated in Operations (Cat. 5): 9,960 tCOâ‚‚e (0.41%)
  • Business Travel (Cat. 6): 1,570 tCOâ‚‚e (0.06%)

AES's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(99.5%)

Insights into AES's Total Carbon Footprint

In 2023, AES reported a total carbon footprint of 36,323,410 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.55% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to AES's total carbon footprint was Scope 1 emissions, accounting for 91.95% of the company's total carbon footprint, followed by Scope 3 emissions at 6.75%.

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