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Southern Co

Southern Company is a publicly listed energy company headquartered in Georgia, USA. Its revenue in 2019 was US$21.42 billion and installed capacity was 42 GW. The company serves 9 million customers across six states and has a presence in 18 states. It does not display sufficient commitment to the low-carbon transition.

Ranking position
#24 /50
Total score
9.0 /20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

2.3 /4 #11

Material Investment

3.6 /7 #14

Intangible Investment

0.5 /2 #7

Management

1.4 /4 #25

Policy Engagement

0.2 /1 #39

Business Model

1.0 /2 #29

Leading practices

No leading practices were identified for this company.

Risk and opportunities

Trend

Southern Company is awarded a trend score of -. If the company were reassessed in the near future, its score would almost certainly worsen. For Southern Company to achieve a low-carbon transition, most of its fossil fuel assets must be decommissioned; roll-out of renewables alone will not lead to the necessary reductions. The company targets only deliver 50% of the required emissions reductions to 2025. Its 2030 and 2050 targets lack the shorter-term ambition needed to deliver the necessary improvements. Southern Company’s business model is based on business as usual with a small increase in renewables and CCS (if its investments in R&D provide the necessary technologies).

Progress towards the Paris Agreement

See results for

  1. 2021
  2. 2023

More about the company

Headquarters
Atlanta, Georgia, USA
Ownership structure
Publicly listed
Group revenue
US$21.42 billion (2019)
Installed capacity
42 GW (2019)
Website
https://www.southerncompany.com/