Hannon Armstrong
Hannon Armstrong Sustainable Infrastructure Capital, Inc., commonly known as Hannon Armstrong, is a leading player in the sustainable infrastructure investment sector. Headquartered in the United States, the company primarily operates across North America, focusing on financing projects that promote renewable energy and energy efficiency. Founded in 1981, Hannon Armstrong has achieved significant milestones, including its public listing in 2013, which marked a pivotal moment in its growth trajectory. The firm offers a unique suite of financial products and services, including debt and equity financing for sustainable infrastructure projects. Hannon Armstrong distinguishes itself through its commitment to environmental sustainability and its extensive expertise in the energy sector. With a strong market position, the company has garnered recognition for its innovative approach to financing, contributing to a greener economy while delivering value to its investors.
DitchCarbon Score
How does Hannon Armstrong'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 Other Services 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
Hannon Armstrong's score of 48 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hannon Armstrong's reported carbon emissions
In 2022, Hannon Armstrong reported total carbon emissions of approximately 42,915,000 kg CO2e, with all emissions classified under Scope 3, specifically from investments, which accounted for about 42,604,000 kg CO2e. The company has no reported Scope 1 or Scope 2 emissions, indicating a focus on indirect emissions primarily from its investment activities. Hannon Armstrong has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. This near-term target reflects the company's commitment to achieving net-zero emissions in these scopes. Additionally, Hannon Armstrong's portfolio targets cover approximately 81.7% of its total investment and lending activities, aligning with the Science Based Targets initiative (SBTi) standards to limit global warming to 1.5°C. The company is classified as a financial institution and has committed to long-term net-zero targets, with a deadline for achieving these reductions set for 2050. Hannon Armstrong's climate strategy is supported by its parent organization, HA Sustainable Infrastructure Capital, Inc., which provides the framework for its emissions reporting and reduction initiatives.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | - | - | - |
| Scope 3 | 218,000 | 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.
Hannon Armstrong is participating in some 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.
