American Electric Power, a prominent electric utility company, has established a goal to achieve net-zero emissions by 2045, in its scope 1 and scope 2 carbon emissions. The company is also closely monitoring new legislation and regulations that could impact its operations and emissions reduction efforts. Also, the measures involve adopting technological advancements, such as energy storage and alternative sources of generation. According to corporate sustainability report, in 2022 the company’s GHG emission for scope 1 (direct emissions) was 51,099,948 metric tons CO2e. As of 2022, the company has accomplished a 66% reduction in Scope 1 greenhouse gas (GHG) emissions, considering reductions stemming from both assets sold and retired. Alternatively, following the GHG Protocol, which excludes reductions resulting from asset sales, the reduction stands at 62%. The company is striving to attain an 80% reduction in Scope 1 greenhouse gas (GHG) emissions by 2030, utilizing a new baseline established in 2005.

American Electric Power is committed to reducing its emissions and has taken measures to achieve this. The company has made investments in emission reduction and is expected to continue investing in the future. In addition to its emission reduction efforts, American Electric Power is also focused on other aspects of sustainability and social responsibility. The company has a strong commitment to safety and health, as evidenced by its efforts to reduce employee and contractor incidents and fatalities. It also engages in charitable giving, with a focus on areas such as education, community, hunger and housing, safety and health, arts and culture, disaster relief, diversity equity and inclusion, and more. In terms of governance, American Electric Power has a diverse board of directors in terms of gender and age. The company also holds regular board meetings with high attendance rates. It is committed to transparency and provides various reports and policies related to environmental, social, and governance (ESG) matters.

American Electric Power aims for net-zero emissions by 2045 in scope 1 and scope 2 carbon emissions, monitoring legislation affecting operations. Efforts include adopting technology like energy storage. It achieved a significant reduction in Scope 1 emissions since 2005 and targets an 80% reduction by 2030. The company emphasizes sustainability, safety, social responsibility, diverse governance, and transparency in ESG matters.

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