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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
Performance score
9.0 /20
Narrative Score
D
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 / 4.0 #11

Material Investment

3.6 / 7.0 #14

Intangible Investment

0.5 / 2.0 #7

Management

1.4 / 4.0 #25

Policy Engagement

0.2 / 1.0 #39

Business Model

1.0 / 2.0 #29
Total 9.0 / 20 #24

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

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/