Includes HEI's first enterprise-wide greenhouse gas emissions
inventory
HONOLULU, April 12,
2022 /PRNewswire/ -- Hawaiian Electric Industries,
Inc. (HEI) (NYSE: HE) today released its 2022 consolidated report
describing its updated policies, actions and performance for full
year 2021 with respect to a range of environmental, social and
governance (ESG) matters, including climate-related risks and
opportunities. This is HEI's third and most comprehensive ESG
report.
The report includes HEI's first enterprise-wide greenhouse gas
(GHG) emissions inventory, which will further guide the company's
ESG strategies and provide greater transparency around its progress
on climate issues. Net enterprise-wide GHG emissions in measured
categories decreased 15% from 2015 to 2021, driven largely by
reductions in the utility's generation-related emissions.
"Our ESG progress demonstrates our commitment not only to
operating a sustainable business, but also to building a
sustainable Hawai'i in which our children and grandchildren, our
communities, our customers and our fellow employees will thrive
together now and for generations to come," said Scott Seu, HEI president and CEO. "Our company
has been serving Hawaiʻi for over 130 years, and this
deep-felt mindset comes naturally to us as a longstanding business
in our island state. The alignment between ESG principles, state
policy in Hawaiʻi, community expectations, and our goals as a
company has never been stronger."
HEI identifies 19 ESG priorities in the report and places
special focus on seven topics: decarbonization; economic health
& affordability; reliability & resilience; secure
digitalization; diversity, equity & inclusion; employee
engagement and climate-related risks & opportunities.
The 2022 ESG report extends HEI's Task Force on Climate-related
Financial Disclosures (TCFD)-aligned reporting from 2021. It also
presents data aligned with Sustainability Accounting Standards
Board (SASB) guidelines for HEI's utility and bank
subsidiaries.
To review the HEI 2022 ESG report, visit www.hei.com/esg.
Among the highlights:
- Hawaiian Electric
-
- Reached a renewable portfolio standard (RPS) of 38.4% in 2021,
which is ahead of schedule for achieving Hawai'i's statutory goal
of 40% RPS by 2030
- Released a Climate Change Action Plan committing to reducing
2005 baseline carbon emissions from power generation 70% by 2030
and to achieving net-zero or net-negative carbon emissions from
power generation by 2045; as of the end of 2021, GHG emissions were
reduced by 22% based on preliminary data
- Supported a 30% increase in electric vehicles in Hawai'i from
January to December 2021
- Added 4,956 new residential rooftop solar systems in 2021,
bringing the total number of solar installations on its system to
92,500, representing 21% of residential customers
- Issued its 2021-22 Sustainability Report summarizing key
milestones and utility programs to achieve its Climate Change
Action Plan and Hawaiʻi's climate goals
- American Savings Bank
-
- Originated about $550 million in
Paycheck Protection Program loans (from 2020 through 2021) to
businesses representing 40,000+ jobs
- Financed over $65 million in
clean energy projects from 2010 to 2021, supporting a total of 21.3
MW in renewable energy capacity
- Originated more than $8.6 million
in residential clean energy loans, which allow homeowners to
purchase and install their own photovoltaic systems, solar water
heaters, solar air conditioning and battery backup and storage
- Was named one of Hawaii Business Magazine's Best Places
to Work for the 13th consecutive year
- Released a Corporate Social Responsibility Report detailing
its efforts pertaining to decarbonization, economic health and
affordability, secure digitalization and diversity and
inclusion
- Pacific Current
-
- Partnered with Wastewater Alternatives and Innovation (WAI) and
Cambrian Innovation to evaluate opportunities to deploy distributed
wastewater treatment solutions that enable water reuse and
production of renewable natural gas
- Continued to expand electric vehicle charging in the state
through its joint venture with EverCharge, providing smart,
power-optimized electric vehicle charging solutions for property
owners and managers
The HEI family of companies provides the energy and financial
services that empower much of the economic and community activity
of Hawaiʻi. HEI's electric utility, Hawaiian
Electric, supplies power to approximately 95% of
Hawaiʻi's population and is undertaking an ambitious
effort to decarbonize its operations and the broader state economy.
Its banking subsidiary, American Savings Bank, is one of
Hawaiʻi's largest financial institutions, providing a
wide array of banking and other financial services and working to
advance economic growth, affordability and financial fitness. HEI
also helps advance Hawaiʻi's sustainability goals
through investments by its non-regulated subsidiary, Pacific
Current. For more information, visit www.hei.com.
Investor
Contact
|
Media
Contact
|
Julie
Smolinski
|
AJ Halagao
|
VP, Investor
Relations & Corporate Sustainability
|
VP, Corporate &
Community Advancement
|
ir@hei.com
|
info@hei.com
|
(808)
543-7300
|
(808)
543-7625
|
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SOURCE Hawaiian Electric Industries, Inc.