American Electric Power Co Inc 2024 SR
The report highlights AEP's progress in its energy transition, focusing on reliability, affordability, and a net-zero target by 2045. In 2023, the company achieved a 68% reduction in Scope 1 emissions from 2005 levels and received approvals for $6.6 billion in regulated renewable projects. The report details grid modernization efforts, including the deployment of smart meters to 78% of customers, and emphasizes safety following tragic workplace fatalities. AEP also conducted its first double materiality assessment and exceeded $1 billion in diverse supplier spend for the first time.
Company: American Electric Power Co Inc
Sector: Utilities
Country: United States
Year: 2024
Type: SR
Pages: 120
American Electric Power Co Inc
Corporate Sustainability Report
The report highlights AEP's progress in its energy transition, focusing on reliability, affordability, and a net-zero target by 2045. In 2023, the company achieved a 68% reduction in Scope 1 emissions from 2005 levels and received approvals for $6.6 billion in regulated renewable projects. The report details grid modernization efforts, including the deployment of smart meters to 78% of customers, and emphasizes safety following tragic workplace fatalities. AEP also conducted its first double materiality assessment and exceeded $1 billion in diverse supplier spend for the first time.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 1, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees