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 2023, 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), Scope 2 (indirect emissions from purchased energy) 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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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 Hawaiian Electric Industries's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hawaiian Electric Industries amounted to 4,422,902 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 Hawaiian Electric Industries increased by 7.5%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Hawaiian Electric Industries's Scope 1 Emissions Over Time

20182019202020212022202302 M4 M6 M8 MtCO2e-35%-10%-4%+11%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Hawaiian Electric Industries's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hawaiian Electric Industries were 4,418,816 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2018, Hawaiian Electric Industries's Scope 1 emissions have decreased by 32.99%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Hawaiian Electric Industries's Scope 1 emissions increased by 7.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Hawaiian Electric Industries's Scope 2 emissions?

In 2023, Hawaiian Electric Industries reported Scope 2 greenhouse gas (GHG) emissions of 4,086 tCOâ‚‚e without specifying the calculation method.

Has Hawaiian Electric Industries reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Hawaiian Electric Industries's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hawaiian Electric Industries 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Hawaiian Electric Industries use for Scope 2 reporting?

In 2023, Hawaiian Electric Industries reported its Scope 2 emissions using an unspecified methodology.

Hawaiian Electric Industries's Scope 2 Emissions Over Time

20182019202020212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hawaiian Electric Industries's Value Chain Emissions

In 2023, Hawaiian Electric Industries reported 2,231,650 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 Hawaiian Electric Industries 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.

Hawaiian Electric Industries's Scope 3 Emissions Over Time

201920202021202220230900 k1.8 M2.7 M3.6 MtCO2e-12%-1%-11%-20%
  • Total Scope 3
  • Year-over-Year Change

What are Hawaiian Electric Industries's Scope 3 emissions?

In 2023, Hawaiian Electric Industries reported total Scope 3 emissions of 2,231,650 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.

Compared to the previous year (2022), Hawaiian Electric Industries's Scope 3 emissions decreased by 20.14%, highlighting the company's efforts to lower indirect emissions from its value chain.

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

In 2023, Hawaiian Electric Industries 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 Hawaiian Electric Industries's Scope 3 emissions?

In 2023, the largest contributors to Hawaiian Electric Industries's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 2,225,485 tCOâ‚‚e (99.72%)
  • Employee Commuting (Cat. 7): 4,255 tCOâ‚‚e (0.19%)
  • Business Travel (Cat. 6): 1,910 tCOâ‚‚e (0.09%)

Hawaiian Electric Industries's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(99.7%)

Insights into Hawaiian Electric Industries's Total Carbon Footprint

In 2023, Hawaiian Electric Industries reported a total carbon footprint of 6,654,552 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.68% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Hawaiian Electric Industries's total carbon footprint was Scope 1 emissions, accounting for 66.4% of the company's total carbon footprint, followed by Scope 3 emissions at 33.54%.

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