FirstEnergy Corp

Common Name
FirstEnergy
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
12,294
Ticker
FE
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
FirstEnergy Corp. is an electric utility company that specializes in generating, transmitting, and distributing electricity. Based in the United States, the company operates primarily in the Midwest a...

FirstEnergy's GHG Emissions Data Preview

In 2023, FirstEnergy 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).

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

Metric (tCO2e)2023202220212020 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind FirstEnergy’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore FirstEnergy’s data sources below and access millions more through our Disclosure Search.

a. FirstEnergy's ESG Data Spreadsheet 2024
a. FirstEnergy's ESG Data Spreadsheet 2024
b. FirstEnergy's CDP Climate sourced from company’s website 2019
b. FirstEnergy's CDP Climate sourced from company’s website 2019

Insights into FirstEnergy's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of FirstEnergy amounted to 16,307,796 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). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of FirstEnergy decreased by 6.33%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

FirstEnergy's Scope 1 Emissions Over Time

20182019202020212022202308.5 M17 M25.5 M34 MtCO2e-45%-19%+8%+4%-8%
  • Total Scope 1
  • Year-over-Year Change

What are FirstEnergy's Scope 1 emissions?

In 2023, the total Scope 1 emissions of FirstEnergy were 15,206,375 metric tons of CO₂ equivalent (tCO₂e). a

Has FirstEnergy reduced its Scope 1 emissions over time?

Since 2018, FirstEnergy's Scope 1 emissions have decreased by 53.74%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), FirstEnergy's Scope 1 emissions decreased by 8.04%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are FirstEnergy's Scope 2 emissions?

In 2023, FirstEnergy reported Scope 2 greenhouse gas (GHG) emissions of 1,381,759 tCO₂e using the market-based method and 1,101,421 tCO₂e using the location-based method. a

Has FirstEnergy reduced its Scope 2 emissions over time?

Since 2018, FirstEnergy's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 2,057.36%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), FirstEnergy's Scope 2 emissions (Location-Based) rose by 25.93% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does FirstEnergy use for Scope 2 reporting?

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

FirstEnergy's Scope 2 Emissions Over Time

2018201920202021202220230350 k700 k1.05 M1.4 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into FirstEnergy's Value Chain Emissions

In 2023, FirstEnergy reported 23,407,851 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of FirstEnergy includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

FirstEnergy's Scope 3 Emissions Over Time

20182019202020212022202308 M16 M24 M32 MtCO2e+59%-12%+7%+5%-26%
  • Total Scope 3
  • Year-over-Year Change

What are FirstEnergy's Scope 3 emissions?

In 2023, FirstEnergy reported total Scope 3 emissions of 23,407,851 metric tons of CO₂ equivalent (tCO₂e). a

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. a

Has FirstEnergy reduced its Scope 3 emissions over time?

Since 2018, FirstEnergy's Scope 3 emissions have increased by 16.41%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2022), FirstEnergy's Scope 3 emissions decreased by 26.46%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does FirstEnergy disclose?

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

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

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

  • Fuel- and Energy-Related Services (Cat. 3): 22,077,705 tCO₂e (99.88%)
  • Waste Generated in Operations (Cat. 5): 19,362 tCO₂e (0.09%)
  • Business Travel (Cat. 6): 6,675 tCO₂e (0.03%)

FirstEnergy's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(99.9%)

Insights into FirstEnergy’s GHG Emissions Intensity Compared to Industry Peers

In 2023, FirstEnergy reported Scope 1 greenhouse gas (GHG) emissions of 15,206,375 tCO₂e and total revenues of USD 12,870 millions. This translates into an emissions intensity of 1,181.54 tCO₂e per millions USD. a

FirstEnergy's Scope 1 Emissions Intensity Compared to Peers

20,000200,0002,000,00020,000,000200,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)CTEntergyYear: 2023Scope 1: 35,996,462 tCO2eRevenue: $M 12,147Scope 1 Intensity: 2,963.30 tCO2e/$MPinnacle West CapitalYear: 2023Scope 1: 10,628,383 tCO2eRevenue: $M 4,696Scope 1 Intensity: 2,263.29 tCO2e/$MAmerican Electric PowerYear: 2023Scope 1: 44,453,919 tCO2eRevenue: $M 18,982Scope 1 Intensity: 2,341.86 tCO2e/$MExelonYear: 2024Scope 1: 434,000 tCO2eRevenue: $M 23,028Scope 1 Intensity: 18.85 tCO2e/$MCMS EnergyYear: 2023Scope 1: 16,083,829 tCO2eRevenue: $M 7,462Scope 1 Intensity: 2,155.43 tCO2e/$MAmerenYear: 2023Scope 1: 19,883,180 tCO2eRevenue: $M 7,500Scope 1 Intensity: 2,651.09 tCO2e/$MCCConsumers EnergyYear: 2023Scope 1: 12,482,384 tCO2eRevenue: $M 7,166Scope 1 Intensity: 1,741.89 tCO2e/$MConsolidated EdisonYear: 2023Scope 1: 2,676,000 tCO2eRevenue: $M 14,663Scope 1 Intensity: 182.50 tCO2e/$MDTE EnergyYear: 2023Scope 1: 22,631,000 tCO2eRevenue: $M 12,745Scope 1 Intensity: 1,775.68 tCO2e/$MEdison InternationalYear: 2023Scope 1: 1,200,000 tCO2eRevenue: $M 16,338Scope 1 Intensity: 73.45 tCO2e/$MOGE EnergyYear: 2023Scope 1: 9,040,683 tCO2eRevenue: $M 2,674Scope 1 Intensity: 3,380.58 tCO2e/$MCenterPoint EnergyYear: 2023Scope 1: 5,170,862 tCO2eRevenue: $M 8,696Scope 1 Intensity: 594.63 tCO2e/$MAlliant EnergyYear: 2023Scope 1: 13,631,273 tCO2eRevenue: $M 4,027Scope 1 Intensity: 3,384.97 tCO2e/$MTTTXNM EnergyYear: 2022Scope 1: 4,844,547 tCO2eRevenue: $M 2,250Scope 1 Intensity: 2,153.56 tCO2e/$MPPLYear: 2023Scope 1: 25,291,849 tCO2eRevenue: $M 8,312Scope 1 Intensity: 3,042.81 tCO2e/$MMGE EnergyYear: 2023Scope 1: 1,637,171 tCO2eRevenue: $M 690Scope 1 Intensity: 2,371.23 tCO2e/$MNextera EnergyYear: 2023Scope 1: 42,278,597 tCO2eRevenue: $M 28,114Scope 1 Intensity: 1,503.83 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$MDominion EnergyYear: 2023Scope 1: 29,500,000 tCO2eRevenue: $M 14,393Scope 1 Intensity: 2,049.61 tCO2e/$MPSEGYear: 2023Scope 1: 549,002 tCO2eRevenue: $M 11,237Scope 1 Intensity: 48.86 tCO2e/$MHawaiian Electric IndustriesYear: 2023Scope 1: 4,418,816 tCO2eRevenue: $M 3,682Scope 1 Intensity: 1,200.06 tCO2e/$MXcel EnergyYear: 2023Scope 1: 36,180,000 tCO2eRevenue: $M 14,206Scope 1 Intensity: 2,546.81 tCO2e/$MIdacorpYear: 2024Scope 1: 4,130,000 tCO2eRevenue: $M 1,827Scope 1 Intensity: 2,260.99 tCO2e/$MFirstEnergyYear: 2023Scope 1: 15,206,375 tCO2eRevenue: $M 12,870Scope 1 Intensity: 1,181.54 tCO2e/$M

How does FirstEnergy's GHG emissions intensity compare to its peers?

In 2023, FirstEnergy reported a Scope 1 emissions intensity of 1,181.54 tCO₂e per millions USD. Compared to the peer group median of 2,155.43 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does FirstEnergy rank on GHG emissions intensity within its industry?

In 2023, FirstEnergy ranked 6 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

FirstEnergy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into FirstEnergy's Total Carbon Footprint

In 2023, FirstEnergy reported a total carbon footprint of 39,715,647 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.34% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to FirstEnergy's total carbon footprint was Scope 3 emissions, accounting for 58.94% of the company's total carbon footprint, followed by Scope 1 emissions at 38.29%. a

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