Hydro One Ltd

Common Name
Hydro One
Country
Canada
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
7,261
Ticker
H
Exchange
TORONTO STOCK EXCHANGE
Description
Hydro One Ltd. is a prominent utility company engaged in the transmission and distribution of electricity in Ontario, Canada. Its primary function is to ensure the efficient and reliable delivery of e...

Hydro One's Climate Target Data Preview

As of 2023, Hydro One has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hydro One ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Mobile Combustion
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 1 - Fugitive
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 1 - Stationary Combustion
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets 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 Hydro One's Greenhouse Gas Emissions Pathways

As of 2023, Hydro One has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Hydro One have a target to reduce the emissions from its operations?

As of 2023, Hydro One has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Hydro One's most ambitious operational target is to reduce these emissions by 30% by 2030, compared to a baseline of 335,926.733 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.

Instead of reducing operational emissions, Hydro One has increased them, with 2023 levels exceeding those of the 2018 baseline, placing the company well behind its reduction target.

Hydro One's Operational (Scope 1+2) Emissions Pathway

201820232030085 k170 k255 k340 kCurrent (+1%)Target 2030 (-30%)
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