The AES Corporation
The AES Corporation, commonly referred to as AES, is a leading global energy company headquartered in Arlington, Virginia, with significant operations across North America, South America, Europe, and Asia. Founded in 1981, AES has established itself as a pioneer in the energy sector, focusing on the development and operation of sustainable energy solutions. Specialising in renewable energy, including wind, solar, and energy storage, AES is committed to delivering innovative and reliable power solutions. The company’s unique approach integrates advanced technology and sustainable practices, positioning it as a key player in the transition to cleaner energy sources. With a strong market presence and a commitment to sustainability, AES has achieved numerous accolades, including recognition for its efforts in reducing carbon emissions and enhancing energy efficiency. As a trusted partner in the energy industry, AES continues to lead the way in shaping a sustainable energy future.
DitchCarbon Score
How does The AES Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
The AES Corporation's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The AES Corporation's reported carbon emissions
In 2023, The AES Corporation reported significant carbon emissions, totalling approximately 17,321,741,000 kg CO2e for Scope 1, 8,474,678,000 kg CO2e for Scope 2, and 13,053,000 kg CO2e for Scope 3. This data reflects a commitment to transparency and accountability in their climate impact, with emissions data cascaded from their subsidiary, AES Andes S.A. The company has set ambitious climate commitments, aiming for carbon neutrality by 2050 across both Scope 1 and Scope 2 emissions. In the near term, AES Corporation plans to reduce its coal generation by 78% by 2025, which is expected to significantly lower their carbon intensity. They also aim to halve the carbon intensity of their portfolio by the same year. Historically, emissions have shown a downward trend, with Scope 1 emissions decreasing from approximately 21,292,756,000 kg CO2e in 2021 to 17,321,741,000 kg CO2e in 2023. Similarly, Scope 2 emissions decreased from about 11,431,488,000 kg CO2e in 2021 to 8,474,678,000 kg CO2e in 2023. These reductions indicate progress towards their long-term sustainability goals. The AES Corporation's climate strategy is aligned with industry standards and reflects a proactive approach to mitigating climate change impacts, demonstrating their commitment to a sustainable energy future.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 21,646,130,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 13,293,393,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 24,774,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
The AES Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
