Material Investment

Total ranking

Total score Targets Material Investment Intangible Investment Management Policy Engagement Business Model

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Electric utilities is an asset-intensive sector and so at 35%, module 2 - material investment - is the highest weighted module in the ACT performance assessment.

It assesses:

  • The company’s past five years’ emissions intensity trend (indicator 2.1 – weighted 7% of the performance assessment)
  • The company’s emissions lock-in to 2035 (indicator 2.2 – weighted 14% of the performance assessment) and
  • The company’s next five years’ emissions intensity trend (indicator 2.3 – weighted 14% of the performance assessment).

Ranking overview

1 Ørsted
Total score 7.0 /7
Material Investment 7.0 /7
2 Vattenfall
Total score 6.4 /7
Material Investment 6.4 /7
3 EDP Energias de Portugal
Total score 6.2 /7
Material Investment 6.2 /7
4 Eletrobras
Total score 6.1 /7
Material Investment 6.1 /7
5 SSE 
Total score 5.9 /7
Material Investment 5.9 /7
6 Enel
Total score 5.0 /7
Material Investment 5.0 /7
7 Iberdrola
Total score 4.2 /7
Material Investment 4.2 /7
8 State Power Investment Corporation (SPIC) (国家电力投资集团)
Total score 3.9 /7
Material Investment 3.9 /7
9 Exelon Corporation
Total score 3.7 /7
Material Investment 3.7 /7
10 CEZ Group
Total score 3.5 /7
Material Investment 3.5 /7
11 E.ON
Total score 3.1 /7
Material Investment 3.1 /7
- Nextera Energy
Total score 3.1 /7
Material Investment 3.1 /7
13 RWE
Total score 3.0 /7
Material Investment 3.0 /7
- Vistra Energy Corp
Total score 3.0 /7
Material Investment 3.0 /7
15 Kansai Electric Power Company (KEPCO)
Total score 2.8 /7
Material Investment 2.8 /7
16 Saudi Electricity Company (SEC)
Total score 2.5 /7
Material Investment 2.5 /7
- Southern Co
Total score 2.5 /7
Material Investment 2.5 /7
18 Kyushu Electric Power
Total score 2.4 /7
Material Investment 2.4 /7
19 ENGIE
Total score 2.2 /7
Material Investment 2.2 /7
- Électricité de France (EDF)
Total score 2.2 /7
Material Investment 2.2 /7
21 EnBW Energie Baden-Wuerttemberg
Total score 2.1 /7
Material Investment 2.1 /7
22 Fortum
Total score 2.0 /7
Material Investment 2.0 /7
23 American Electric Power (AEP)
Total score 1.8 /7
Material Investment 1.8 /7
- Chubu Electric Power
Total score 1.8 /7
Material Investment 1.8 /7
- Dominion Energy
Total score 1.8 /7
Material Investment 1.8 /7
- Tokyo Electric Power Company (TEPCO)
Total score 1.8 /7
Material Investment 1.8 /7
27 CLP Holdings (中電集團)
Total score 1.7 /7
Material Investment 1.7 /7
- China Three Gorges (中国长江三峡集团)
Total score 1.7 /7
Material Investment 1.7 /7
- Inter RAO
Total score 1.7 /7
Material Investment 1.7 /7
- Xcel Energy
Total score 1.7 /7
Material Investment 1.7 /7
31 AES Corporation
Total score 1.6 /7
Material Investment 1.6 /7
- Electricity Generating Authority of Thailand
Total score 1.6 /7
Material Investment 1.6 /7
- Perusahaan Listrik Negara (PLN)
Total score 1.6 /7
Material Investment 1.6 /7
- Tohoku Electric Power
Total score 1.6 /7
Material Investment 1.6 /7
35 Chugoku Electric Power Company
Total score 1.4 /7
Material Investment 1.4 /7
- Duke Energy
Total score 1.4 /7
Material Investment 1.4 /7
37 Comision Federal de Electricidad (CFE)
Total score 1.1 /7
Material Investment 1.1 /7
38 Eskom Holdings
Total score 1.0 /7
Material Investment 1.0 /7
39 China Datang Corp (中国大唐集团)
Total score 0.8 /7
Material Investment 0.8 /7
- Korea Electric Power Corporation (KEPCO/Hanjeon)
Total score 0.8 /7
Material Investment 0.8 /7
41 AGL Energy
Total score 0.5 /7
Material Investment 0.5 /7
- China Huadian Corporation (中国华电集团)
Total score 0.5 /7
Material Investment 0.5 /7
- Egyptian Electricity Holding Company (EEHC)
Total score 0.5 /7
Material Investment 0.5 /7
44 China Huaneng Group (中国华能集团)
Total score 0.4 /7
Material Investment 0.4 /7
- Origin Energy
Total score 0.4 /7
Material Investment 0.4 /7
- Taiwan Power Company (台灣電力公司)
Total score 0.4 /7
Material Investment 0.4 /7
47 China Energy Investment Group (CHN Energy) (国家能源投资集团)
Total score 0.3 /7
Material Investment 0.3 /7
- NTPC
Total score 0.3 /7
Material Investment 0.3 /7
49 Pacific Gas and Electric (PG&E)
Total score 0.2 /7
Material Investment 0.2 /7
50 Tenaga Nasional
Total score 0.0 /7
Material Investment 0.0 /7