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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)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Hawaiian Electric Industries’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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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
b. Hawaiian Electric Industries's Sustainability Report 2023
c. Hawaiian Electric Industries's ESG Report 2022

Insights into Hawaiian Electric Industries's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hawaiian Electric Industries amounted to 4,361,243 metric 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 Industries decreased 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

20192020202120222023202401.5 M3 M4.5 M6 MtCO2e-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 CO₂ equivalent (tCO₂e).a

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

Since 2019, Hawaiian Electric Industries's Scope 1 emissions have increased by 1.62%, reflecting a rising 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 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 Hawaiian Electric Industries includes a breakdown across 1 of 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 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 Hawaiian Electric Industries reduced its Scope 3 emissions over time?

Since 2019, Hawaiian Electric Industries's Scope 3 emissions have decreased by 40.01%, reflecting a declining long-term trend in Scope 3 emissions over time.ac

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 tCO₂e (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 tCO₂e and total revenues of USD 3,220 millions. This translates into an emissions intensity of 1,354.49 tCO₂e 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: $M 12,457Scope 1 Intensity: 1,943.97 tCO2e/$MAvangridYear: 2023Scope 1: 1,636,499 tCO2eRevenue: $M 8,309Scope 1 Intensity: 196.96 tCO2e/$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: 2023Scope 1: 2,609,493 tCO2eRevenue: $M 1,939Scope 1 Intensity: 1,345.66 tCO2e/$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 tCO₂e per millions USD. Compared to the peer group median of 2,073.79, 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 10 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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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