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AES Corporation

The AES Corporation is a publicly listed multinational energy company headquartered in Virginia, USA. In 2019, its revenue was US$10.19 billion and installed capacity was 30.47 GW . It operates in 14 countries in North and South America, Asia, the Middle East and Europe, serving 10 million customers. The company is partially successful in its readiness for the low-carbon transition.

Ranking position
#11 /50
Total score
11.9 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)


3.2 /4 #1

Material Investment

3.3 /7 #17

Intangible Investment

0.0 /2 #19


3.1 /4 #3

Policy Engagement

0.8 /1 #3

Business Model

1.5 /2 #14

Leading practice

Risks and opportunities


AES is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. AES is targeting a 25% emissions reduction between 2016 and 2022, but emissions had increased slightly by 2018, making this target look unachievable. AES’ targets are ambitious, but they are not science based and are intensity rather than absolute targets. This means the company’s absolute emissions could remain significant. AES is likely to continue investing in low-carbon energy sources while they are financially competitive. However, the company appears to be hedging its position and keeping the door open for continued use of high-carbon sources.

Progress towards the Paris Agreement

See results for

  1. 2021
  2. 2023

More about the company

Arlington, Virginia, USA
Ownership structure
Publicly listed
Group revenue
US$10.19 billion (2019)
Installed capacity
30.47 GW (2019)