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Engagement case study: American Electric Power – Federated Hermes Limited

Federated Hermes Limited encouraged AEP to produce a TCFD-aligned report that included scenario-based analysis of risks to the company and to align its strategy to a commitment to reach net-zero emissions by 2050.

Posted on Jan 27, 2024

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... American Electric Power Co. Inc. (AEP) is a public utility holding company that engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing.

The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. Federated Hermes Limited enquired about the viability of setting a tougher target in line with the need for the utility sector to decarbonise by 2035.

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