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)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 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).

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are FirstEnergy's Scope 2 emissions?

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

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.

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

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.

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 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 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.

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 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 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.

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.

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.

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:

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

FirstEnergy's Scope 3 Emissions by Categories

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

Insights into FirstEnergy's Total Carbon Footprint

In 2023, FirstEnergy reported a total carbon footprint of 39,715,647 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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