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American Electric Power (AEP)

American Electric Power is a publicly listed company headquartered in Columbus, USA. In 2020, its revenue was USD 14.9 billion and installed capacity was 25 Gigawatts (GW). AEP plans to sell or close seven coal plants over the next decade but does not aim to phase out all fossil fuel electricity generation in the long-term.

Ranking position
#17/50
Total score
46.4/100
Performance score
9.5/20
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

#1 3.6 / 4 #3

Material Investment

#1 1.8 / 7 #23

Intangible Investment

#1 0.0 / 2 #20

Management

#1 2.4 / 4 #20

Policy Engagement

#1 0.5 / 1 #20

Business Model

#1 1.3 / 2 #21

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

AEP receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. AEP’s projected emissions intensity will likely diverge further from its 1.5°C pathway in the short-term due to a majority of its coal closures planned from 2026 onwards. The company can align with its 1.5°C pathway in 2030 if it remains on track with reducing absolute scope 1 emissions by 80% compared to 2000 levels. However, it lacks ambition to continue this rate of reduction beyond 2030, meaning it will not remain in line with the required emission intensity reduction in the longer term. Moreover, despite planned investment in low-carbon electricity generation and goals to significantly increase its renewable portfolio, the company does not plan to completely replace thermal capacity. As a result, it is projected to exceed its carbon budget by 2035.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Columbus, Ohio, United States of America
Group revenue (2020)
USD 14.9 billion
Ownership
Publicly listed
Installed capacity (2020)
25.5 GW
Website
https://www.aep.com

This company is part of the SDG2000, the 2.000 most influential companies

See company profile