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The Electric Utilities Benchmark 2023 presents a ranking of 68 keystone electric utilities companies based on an Assessing low-Carbon Transition (ACT) assessment and a social assessment comprising Core Social and Just Transition Indicators. Additionally, 11 capital goods companies are also assessed but not included in the ranking (see Capital Goods tab).

The ACT assessments measure the companies’ degree of alignment to the low-carbon transition, in line with the 1.5°C Paris Agreement temperature goal. The social assessments measure whether the companies are transitioning in a just and equitable way.

Details of how WBA integrates the two assessments to calculate the total score can be found in the WBA Electric Utilities 2023 methodology report.

Ranking overview

68 companies

Total score out of 100 ACT out of 60 Core social indicators out of 20 Just transition out of 20
1 Ørsted
Total score 70.0 /100
ACT 53.0 /60
Core social indicators 14.5 /20
Just transition 2.5 /20
2 Energias de Portugal
Total score 69.4 /100
ACT 43.3 /60
Core social indicators 15.5 /20
Just transition 10.6 /20
3 Enel
Total score 69.3 /100
ACT 42.4 /60
Core social indicators 15.0 /20
Just transition 11.9 /20
4 Électricité de France
Total score 60.4 /100
ACT 35.4 /60
Core social indicators 15.0 /20
Just transition 10.0 /20
5 SSE
Total score 56.7 /100
ACT 30.7 /60
Core social indicators 13.5 /20
Just transition 12.5 /20
6 Iberdrola
Total score 53.6 /100
ACT 36.0 /60
Core social indicators 14.5 /20
Just transition 3.1 /20
7 Vattenfall
Total score 51.6 /100
ACT 36.0 /60
Core social indicators 12.5 /20
Just transition 3.1 /20
8 E.ON
Total score 51.4 /100
ACT 37.9 /60
Core social indicators 8.5 /20
Just transition 5.0 /20
9 ENGIE
Total score 50.0 /100
ACT 29.1 /60
Core social indicators 9.0 /20
Just transition 11.9 /20
10 Fortum
Total score 47.4 /100
ACT 34.0 /60
Core social indicators 11.5 /20
Just transition 1.9 /20
11 Origin Energy
Total score 44.6 /100
ACT 25.7 /60
Core social indicators 7.0 /20
Just transition 11.9 /20
12 Dominion Energy
Total score 40.1 /100
ACT 28.0 /60
Core social indicators 6.5 /20
Just transition 5.6 /20
13 Nextera Energy
Total score 39.9 /100
ACT 34.6 /60
Core social indicators 4.0 /20
Just transition 1.3 /20
14 ČEZ Group
Total score 39.5 /100
ACT 24.7 /60
Core social indicators 8.5 /20
Just transition 6.3 /20
15 CLP Group
Total score 36.7 /100
ACT 27.1 /60
Core social indicators 6.5 /20
Just transition 3.1 /20
16 AES
Total score 35.9 /100
ACT 25.6 /60
Core social indicators 6.5 /20
Just transition 3.8 /20
17 AGL Energy
Total score 35.8 /100
ACT 23.0 /60
Core social indicators 9.0 /20
Just transition 3.8 /20
18 Constellation Energy
Total score 35.6 /100
ACT 29.3 /60
Core social indicators 5.0 /20
Just transition 1.3 /20
19 EnBW Company
Total score 34.8 /100
ACT 27.4 /60
Core social indicators 5.5 /20
Just transition 1.9 /20
20 Pacific Gas and Electric
Total score 34.1 /100
ACT 23.6 /60
Core social indicators 5.5 /20
Just transition 5.0 /20
21 Eletrobras
Total score 33.4 /100
ACT 23.6 /60
Core social indicators 8.5 /20
Just transition 1.3 /20
22 WEC Energy Group
Total score 33.4 /100
ACT 22.3 /60
Core social indicators 5.5 /20
Just transition 5.6 /20
23 Xcel Energy
Total score 32.0 /100
ACT 15.4 /60
Core social indicators 6.0 /20
Just transition 10.6 /20
24 CMS Energy
Total score 31.9 /100
ACT 25.3 /60
Core social indicators 6.0 /20
Just transition 0.6 /20
25 RWE
Total score 31.5 /100
ACT 23.0 /60
Core social indicators 6.0 /20
Just transition 2.5 /20
26 Duke Energy
Total score 31.2 /100
ACT 21.7 /60
Core social indicators 7.0 /20
Just transition 2.5 /20
27 American Electric Power
Total score 30.6 /100
ACT 13.3 /60
Core social indicators 6.0 /20
Just transition 11.3 /20
28 Southern Company
Total score 29.7 /100
ACT 16.6 /60
Core social indicators 5.0 /20
Just transition 8.1 /20
29 Korea Electric Power Corporation
Total score 28.2 /100
ACT 21.4 /60
Core social indicators 5.5 /20
Just transition 1.3 /20
30 Uniper
Total score 27.4 /100
ACT 17.1 /60
Core social indicators 6.5 /20
Just transition 3.8 /20
31 Power Assets
Total score 26.5 /100
ACT 15.7 /60
Core social indicators 7.0 /20
Just transition 3.8 /20
32 J Power
Total score 25.6 /100
ACT 22.6 /60
Core social indicators 3.0 /20
Just transition 0.0 /20
33 JSW Energy
Total score 25.5 /100
ACT 20.9 /60
Core social indicators 4.0 /20
Just transition 0.6 /20
34 Kansai Electric Power
Total score 25.1 /100
ACT 21.6 /60
Core social indicators 3.5 /20
Just transition 0.0 /20
35 Vistra
Total score 25.0 /100
ACT 17.4 /60
Core social indicators 7.0 /20
Just transition 0.6 /20
36 Chugoku Electric Power
Total score 24.9 /100
ACT 21.0 /60
Core social indicators 2.0 /20
Just transition 1.9 /20
37 Polska Grupa Energetyczna
Total score 24.8 /100
ACT 12.0 /60
Core social indicators 6.5 /20
Just transition 6.3 /20
- Tokyo Electric Power Company
Total score 24.8 /100
ACT 15.3 /60
Core social indicators 9.5 /20
Just transition 0.0 /20
39 Tata Power
Total score 22.3 /100
ACT 14.4 /60
Core social indicators 6.0 /20
Just transition 1.9 /20
40 Tenaga Nasional
Total score 21.8 /100
ACT 14.7 /60
Core social indicators 4.0 /20
Just transition 3.1 /20
41 Kyushu Electric Power
Total score 20.7 /100
ACT 17.1 /60
Core social indicators 3.0 /20
Just transition 0.6 /20
42 AboitizPower
Total score 19.7 /100
ACT 13.1 /60
Core social indicators 6.0 /20
Just transition 0.6 /20
43 Chubu Electric Power
Total score 19.2 /100
ACT 13.6 /60
Core social indicators 5.0 /20
Just transition 0.6 /20
44 Pampa Energia
Total score 18.0 /100
ACT 11.1 /60
Core social indicators 5.0 /20
Just transition 1.9 /20
45 Taipower
Total score 15.4 /100
ACT 12.1 /60
Core social indicators 2.0 /20
Just transition 1.3 /20
46 NRG Energy
Total score 15.3 /100
ACT 7.3 /60
Core social indicators 5.5 /20
Just transition 2.5 /20
- Perusahaan Listrik Negara
Total score 15.3 /100
ACT 12.0 /60
Core social indicators 2.0 /20
Just transition 1.3 /20
48 Tanzania Electric Supply Company
Total score 14.9 /100
ACT 14.4 /60
Core social indicators 0.5 /20
Just transition 0.0 /20
49 PPL
Total score 14.5 /100
ACT 7.0 /60
Core social indicators 5.0 /20
Just transition 2.5 /20
50 Tohoku Electric Power
Total score 13.4 /100
ACT 11.4 /60
Core social indicators 2.0 /20
Just transition 0.0 /20
51 Eskom
Total score 12.7 /100
ACT 1.9 /60
Core social indicators 4.5 /20
Just transition 6.3 /20
52 Saudi Electricity Company
Total score 12.0 /100
ACT 9.7 /60
Core social indicators 1.0 /20
Just transition 1.3 /20
53 State Power Investment Corporation
Total score 10.0 /100
ACT 10.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
54 China Three Gorges
Total score 9.7 /100
ACT 8.1 /60
Core social indicators 1.0 /20
Just transition 0.6 /20
55 NTPC
Total score 8.9 /100
ACT 4.1 /60
Core social indicators 3.5 /20
Just transition 1.3 /20
56 K-Electric
Total score 7.9 /100
ACT 3.3 /60
Core social indicators 4.0 /20
Just transition 0.6 /20
57 Electricity Generating Authority of Thailand
Total score 5.1 /100
ACT 4.1 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
58 China Huaneng
Total score 3.2 /100
ACT 1.4 /60
Core social indicators 0.5 /20
Just transition 1.3 /20
59 Transcorp Power
Total score 3.1 /100
ACT 2.1 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
60 Inter RAO
Total score 3.0 /100
ACT 3.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
61 Qatar Electricity and Water Company
Total score 2.8 /100
ACT 1.3 /60
Core social indicators 1.5 /20
Just transition 0.0 /20
62 Vietnam Electricity
Total score 2.3 /100
ACT 2.3 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
63 Egyptian Electricity Holding Company
Total score 2.2 /100
ACT 1.6 /60
Core social indicators 0.0 /20
Just transition 0.6 /20
64 China Huadian
Total score 2.0 /100
ACT 2.0 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
65 China Datang
Total score 1.7 /100
ACT 1.7 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
66 CHN Energy
Total score 1.6 /100
ACT 1.6 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
67 Comisión Federal de Electricidad
Total score 1.4 /100
ACT 1.4 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
68 Mahagenco
Total score 1.2 /100
ACT 0.7 /60
Core social indicators 0.5 /20
Just transition 0.0 /20