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Hawaiian Electric Industries Inc

Common Name
Hawaiian Electric Industries
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
2,587
Ticker
HE
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Hawaiian Electric Industries Inc. is a holding company that plays a vital role in providing electric utility services to a substantial portion of the Hawaiian Islands. Primarily engaged in the generat...

Hawaiian Electric Industries's GHG Emissions Data Preview

In 2024, Hawaiian Electric Industries 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) and Scope 3 (indirect emissions across the value chain).

Hawaiian Electric Industries 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
Unspecified Calculation Method
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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 Hawaiian Electric Industries’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 Hawaiian Electric Industries’s data sources below and access millions more through our Disclosure Search.

a. Hawaiian Electric Industries's Sustainability Report 2024
a. Hawaiian Electric Industries's Sustainability Report 2024
b. Hawaiian Electric Industries's Sustainability Report 2023
b. Hawaiian Electric Industries's Sustainability Report 2023
c. Hawaiian Electric Industries's ESG Report 2021
c. Hawaiian Electric Industries's ESG Report 2021

Insights into Hawaiian Electric Industries's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofHawaiian Electric Industries amounted to4,361,243metric tons of CO2 equivalent.This figure reflects direct emissions from owned or controlled sources (Scope 1).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hawaiian Electric Industriesdecreased by 1.39%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Hawaiian Electric Industries's Scope 1 Emissions Over Time

201820192020202120222023202402 M4 M6 M8 MtCO2e-35%-10%-4%+11%+8%-1%
  • Total Scope 1
  • Year-over-Year Change

What are Hawaiian Electric Industries's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hawaiian Electric Industries were 4,361,243 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Hawaiian Electric Industries reduced its Scope 1 emissions over time?

Since 2018, Hawaiian Electric Industries's Scope 1 emissions have decreased by 33.86%, reflecting a declining long-term trend in Scope 1 emissions over time.ac

Compared to the previous year(2023), Hawaiian Electric Industries's Scope 1 emissions decreased by 1.3%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

Insights into Hawaiian Electric Industries's Value Chain Emissions

In 2024, Hawaiian Electric Industries reported 2,149,295 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Hawaiian Electric Industries includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,down from 3 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a

Hawaiian Electric Industries's Scope 3 Emissions Over Time

2019202020212022202320240900 k1.8 M2.7 M3.6 MtCO2e-12%-1%-11%-20%-4%
  • Total Scope 3
  • Year-over-Year Change

What are Hawaiian Electric Industries's Scope 3 emissions?

In 2024, Hawaiian Electric Industries reported total Scope 3 emissions of 2,149,295 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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

Compared to the previous year (2023), Hawaiian Electric Industries's Scope 3 emissions remained relatively stable, indicating that Hawaiian Electric Industries's emissions have plateaued with no significant change in its value chain footprint.ab

What categories of Scope 3 emissions does Hawaiian Electric Industries disclose?

In 2024, Hawaiian Electric Industries reported emissions for 1 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 Hawaiian Electric Industries's Scope 3 emissions?

In 2024, the largest contributors to Hawaiian Electric Industries's Scope 3 emissions were:a

  • Fuel- and Energy-Related Services (Cat. 3): 2,146,295 tCOâ‚‚e(100%)

Hawaiian Electric Industries's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(100.0%)

Insights into Hawaiian Electric Industries’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Hawaiian Electric Industries reported Scope 1 greenhouse gas (GHG) emissions of 4,361,243 tCOâ‚‚e and total revenues of USD 3,220 millions. This translates into an emissions intensity of 1,354.49 tCOâ‚‚e per millions USD.a

Hawaiian Electric Industries's Scope 1 Emissions Intensity Compared to Peers

10,000200,0002,000,00020,000,000200,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,00050,000Revenues (Millions of USD)CTAmerican Electric PowerYear: 2024Scope 1: 46,900,437 tCO2eRevenue: $M 19,721Scope 1 Intensity: 2,378.16 tCO2e/$MExelonYear: 2024Scope 1: 434,000 tCO2eRevenue: $M 23,028Scope 1 Intensity: 18.85 tCO2e/$MCMS EnergyYear: 2024Scope 1: 18,450,920 tCO2eRevenue: $M 7,515Scope 1 Intensity: 2,455.21 tCO2e/$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: 2024Scope 1: 2,587,000 tCO2eRevenue: $M 15,256Scope 1 Intensity: 169.57 tCO2e/$MDTE EnergyYear: 2024Scope 1: 24,216,000 tCO2eRevenue: $M 12,457Scope 1 Intensity: 1,943.97 tCO2e/$MEdison InternationalYear: 2024Scope 1: 1,100,000 tCO2eRevenue: $M 17,599Scope 1 Intensity: 62.50 tCO2e/$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: $M 8,696Scope 1 Intensity: 594.63 tCO2e/$MFirstEnergyYear: 2024Scope 1: 14,018,734 tCO2eRevenue: $M 13,472Scope 1 Intensity: 1,040.58 tCO2e/$MAlliant EnergyYear: 2024Scope 1: 13,121,958 tCO2eRevenue: $M 3,981Scope 1 Intensity: 3,296.15 tCO2e/$MTTTXNM EnergyYear: 2022Scope 1: 4,844,547 tCO2eRevenue: $M 2,250Scope 1 Intensity: 2,153.56 tCO2e/$MPPLYear: 2024Scope 1: 26,663,140 tCO2eRevenue: $M 8,462Scope 1 Intensity: 3,150.93 tCO2e/$MMGE EnergyYear: 2023Scope 1: 1,637,171 tCO2eRevenue: $M 690Scope 1 Intensity: 2,371.23 tCO2e/$MNextera EnergyYear: 2024Scope 1: 43,409,916 tCO2eRevenue: $M 24,753Scope 1 Intensity: 1,753.72 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$MDominion EnergyYear: 2024Scope 1: 31,862,016 tCO2eRevenue: $M 14,459Scope 1 Intensity: 2,203.61 tCO2e/$MPSEGYear: 2024Scope 1: 581,556 tCO2eRevenue: $M 10,290Scope 1 Intensity: 56.52 tCO2e/$MXcel EnergyYear: 2024Scope 1: 32,660,000 tCO2eRevenue: $M 13,441Scope 1 Intensity: 2,429.88 tCO2e/$MIdacorpYear: 2024Scope 1: 4,130,000 tCO2eRevenue: $M 1,827Scope 1 Intensity: 2,260.99 tCO2e/$MEversource EnergyYear: 2024Scope 1: 153,699 tCO2eRevenue: $M 11,901Scope 1 Intensity: 12.92 tCO2e/$MWEC Energy GroupYear: 2024Scope 1: 19,060,000 tCO2eRevenue: $M 8,600Scope 1 Intensity: 2,216.30 tCO2e/$MHawaiian Electric IndustriesYear: 2024Scope 1: 4,361,243 tCO2eRevenue: $M 3,220Scope 1 Intensity: 1,354.49 tCO2e/$M

How does Hawaiian Electric Industries's GHG emissions intensity compare to its peers?

In 2024, Hawaiian Electric Industries reported a Scope 1 emissions intensity of 1,354.49 tCOâ‚‚e per millions USD. Compared to the peer group median of 2,203.61, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Hawaiian Electric Industries rank on GHG emissions intensity within its industry?

In 2024, Hawaiian Electric Industries ranked 8 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

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