In 2024, Fortis 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).
Fortis 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 8,069,000a | 8,155,000a | 8,748,000a | |
Total Scope 2 | ||||
Market-Based | 141,000a | 158,000a | 179,000a | |
Location-Based | 141,000a | 158,000a | N/A | |
Total Scope 3 | 102,302,000a | 113,390,000a | 108,090,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,008.623a | 937.4184a | 1,072.1744a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Fortis amounted to 8,210,000 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Fortis decreased by 1.24%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Fortis were 8,069,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Fortis's Scope 1 emissions have decreased by 34.44%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Fortis's Scope 1 emissions decreased by 1.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Fortis reported Scope 2 greenhouse gas (GHG) emissions of 141,000 tCO₂e using the market-based method and 141,000 tCO₂e using the location-based method.a
Compared to the previous year (2023), Fortis's Scope 2 emissions (Location-Based) fell by 10.76% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Fortis reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Fortis reported 102,302,000 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 2024 disclosure of Fortis includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Fortis reported total Scope 3 emissions of 102,302,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 85.39% of these emissions originated from upstream activities such as purchased goods and capital goods, while 14.61% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Fortis's Scope 3 emissions have decreased by 13.56%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Fortis's Scope 3 emissions remained relatively stable, indicating that Fortis's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Fortis 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.
In 2024, the largest contributors to Fortis's Scope 3 emissions were:a
In 2024, Fortis reported Scope 1 greenhouse gas (GHG) emissions of 8,069,000 tCO₂e and total revenues of USD 8,000 millions. This translates into an emissions intensity of 1,008.62 tCO₂e per millions USD.a
In 2024, Fortis reported a Scope 1 emissions intensity of 1,008.62 tCO₂e per millions USD. Compared to the peer group median of 395.79, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Fortis ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Fortis is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Fortis reported a total carbon footprint of 110,512,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.2% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Fortis's total carbon footprint was Scope 3 emissions, accounting for 92.57% of the company's total carbon footprint, followed by Scope 1 emissions at 7.3%.a