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Stock impact report

AES Announces Carbon Intensity Reduction of 70 Percent by 2030; Publishes Climate Scenario Report

The AES Corporation (AES) 
Last the aes corporation earnings: 2/28 06:00 am Check Earnings Report
Company Research Source: Business Wire
First U.S.-based energy company to issue report adopting the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations ARLINGTON, Va.--(BUSINESS WIRE)-- The AES Corporation (NYSE:AES) today announced a goal to reduce its carbon intensity by 70 percent by 2030 as a result of its stated renewable growth plans. The new goal, measured in tons of carbon dioxide per megawatt-hour from a 2016 baseline is an improvement on its prior goal of a 50 percent reduction over the same time period. The Company also published the AES Climate Scenario Report, which includes an impact analysis of a 2° Celsius scenario on the Company’s strategy and business, fulfilling its April 2018 commitment to adopt the recommendations of the TCFD. AES is the first publicly-traded owner of utilities and power companies based in the U.S. to disclose its portfolio’s resilience consistent with the TCFD re Show less Read more
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