2025 CDP Assessment

The AES Corporation

2025 CDP Corporate Questionnaire 2025

Word version

This document is an export of your organization's CDP questionnaire response. It contains all data points for questions that are answered or in progress. There may be questions or data points that you have been requested to provide, which are missing from this document because they are currently unanswered. Please note that it is your responsibility to verify that your questionnaire response is complete prior to submission. CDP will not be liable for any failure to do so.

Read full terms of disclosure

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11/20/2025, 10:29 am

Contents

C1. Introduction 8

(1.1) In which language are you submitting your response? 8

(1.2) Select the currency used for all financial information disclosed throughout your response. 8

(1.3) Provide an overview and introduction to your organization. 8

(1.4) State the end date of the year for which you are reporting data. For emissions data, indicate whether you will be providing emissions data for past reporting years. 9

(1.4.1) What is your organization's annual revenue for the reporting period? 9

(1.5) Provide details on your reporting boundary 9

(1.6) Does your organization have an ISIN code or another unique identifier (e.g., Ticker, CUSIP, etc.)? 9

(1.7) Select the countries/areas in which you operate. 12

(1.16) In which part of the electric utilities value chain does your organization operate? 12

(1.16.1) For your electricity generation activities, provide details of your nameplate capacity and electricity generation specifics for each technology employed. 12

(1.24) Has your organization mapped its value chain? 20

(1.24.1) Have you mapped where in your direct operations or elsewhere in your value chain plastics are produced, commercialized, used, and/or disposed of? 21

C2. Identification, assessment, and management of dependencies, impacts, risks, and opportunities 22

(2.1) How does your organization define short-, medium-, and long-term time horizons in relation to the identification, assessment, and management of your environmental dependencies, impacts, risks, and opportunities? 22

(2.2) Does your organization have a process for identifying, assessing, and managing environmental dependencies and/or impacts? 23

(2.2.1) Does your organization have a process for identifying, assessing, and managing environmental risks and/or opportunities? 24

(2.2.2) Provide details of your organization's process for identifying, assessing, and managing environmental dependencies, impacts, risks, and/or opportunities. 24

(2.2.7) Are the interconnections between environmental dependencies, impacts, risks and/or opportunities assessed? 33

(2.3) Have you identified priority locations across your value chain? 34

(2.4) How does your organization define substantive effects on your organization? 35

(2.5) Does your organization identify and classify potential water pollutants associated with its activities that could have a detrimental impact on water ecosystems or human health? 37

(2.5.1) Describe how your organization minimizes the adverse impacts of potential water pollutants on water ecosystems or human health associated with your activities.

. 37

C3. Disclosure of risks and opportunities 40

(3.1) Have you identified any environmental risks which have had a substantive effect on your organization in the reporting year, or are anticipated to have a substantive effect on your organization in the future? 40

(3.1.1) Provide details of the environmental risks identified which have had a substantive effect on your organization in the reporting year, or are anticipated to have a substantive effect on your organization in the future. 41

(3.1.2) Provide the amount and proportion of your financial metrics from the reporting year that are vulnerable to the substantive effects of environmental risks. 46

(3.2) Within each river basin, how many facilities are exposed to substantive effects of water-related risks, and what percentage of your total number of facilities does this represent? 48

(3.3) In the reporting year, was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations? 50

(3.5) Are any of your operations or activities regulated by a carbon pricing system (i.e. ETS, Cap & Trade or Carbon Tax)? 50

(3.5.1) Select the carbon pricing regulation(s) which impact your operations 50

(3.5.2) Provide details of each Emissions Trading Scheme (ETS) your organization is regulated by 50

(3.5.3) Complete the following table for each of the tax systems you are regulated by 53

(3.5.4) What is your strategy for complying with the systems you are regulated by or anticipate being regulated by? 54

(3.6) Have you identified any environmental opportunities which have had a substantive effect on your organization in the reporting year, or are anticipated to have a substantive effect on your organization in the future? 55

(3.6.1) Provide details of the environmental opportunities identified which have had a substantive effect on your organization in the reporting year, or are anticipated to have a substantive effect on your organization in the future. 55

(3.6.2) Provide the amount and proportion of your financial metrics in the reporting year that are aligned with the substantive effects of environmental opportunities. 58

C4. Governance 59

(4.1) Does your organization have a board of directors or an equivalent governing body? 59

(4.1.1) Is there board-level oversight of environmental issues within your organization? 60

(4.1.2) Identify the positions (do not include any names) of the individuals or committees on the board with accountability for environmental issues and provide details of

the board's oversight of environmental issues. 60

(4.2) Does your organization's board have competency on environmental issues? 63

(4.3) Is there management-level responsibility for environmental issues within your organization? 64

(4.3.1) Provide the highest senior management-level positions or committees with responsibility for environmental issues (do not include the names of individuals). 65

(4.5) Do you provide monetary incentives for the management of environmental issues, including the attainment of targets? 68

(4.5.1) Provide further details on the monetary incentives provided for the management of environmental issues (do not include the names of individuals) 69

(4.6) Does your organization have an environmental policy that addresses environmental issues? 71

(4.6.1) Provide details of your environmental policies. 71

(4.10) Are you a signatory or member of any environmental collaborative frameworks or initiatives? 73

(4.11) In the reporting year, did your organization engage in activities that could directly or indirectly influence policy, law, or regulation that may (positively or negatively) impact the environment? 73

(4.11.1) On what policies, laws, or regulations that may (positively or negatively) impact the environment has your organization been engaging directly with policy makers in the reporting year? 75

(4.11.2) Provide details of your indirect engagement on policy, law, or regulation that may (positively or negatively) impact the environment through trade associations or other intermediary organizations or individuals in the reporting year 79

(4.12) Have you published information about your organization's response to environmental issues for this reporting year in places other than your CDP response? 86

(4.12.1) Provide details on the information published about your organization's response to environmental issues for this reporting year in places other than your CDP response. Please attach the publication. 86

C5. Business strategy 90

(5.1) Does your organization use scenario analysis to identify environmental outcomes? 90

(5.1.1) Provide details of the scenarios used in your organization's scenario analysis. 90

(5.1.2) Provide details of the outcomes of your organization's scenario analysis. 97

(5.2) Does your organization's strategy include a climate transition plan? 99

(5.3) Have environmental risks and opportunities affected your strategy and/or financial planning? 100

(5.3.1) Describe where and how environmental risks and opportunities have affected your strategy 100

(5.3.2) Describe where and how environmental risks and opportunities have affected your financial planning 104

(5.4) In your organization's financial accounting, do you identify spending/revenue that is aligned with your organization's climate transition? 105

(5.4.1) Quantify the amount and percentage share of your spending/revenue that is aligned with your organization's climate transition. 105

(5.5) Does your organization invest in research and development (R&D) of low-carbon products or services related to your sector activities? 106

(5.5.7) Provide details of your organization's investments in low-carbon R&D for your sector activities over the last three years. 107

(5.7) Break down, by source, your organization's CAPEX in the reporting year and CAPEX planned over the next 5 years. 110

(5.7.1) Break down your total planned CAPEX in your current CAPEX plan for products and services (e.g. smart grids, digitalization, etc.). 120

(5.9) What is the trend in your organization's water-related capital expenditure (CAPEX) and operating expenditure (OPEX) for the reporting year, and the anticipated trend for the next reporting year? 121

(5.10) Does your organization use an internal price on environmental externalities? 122

(5.10.1) Provide details of your organization's internal price on carbon. 123

(5.10.2) Provide details of your organization's internal price on water. 125

(5.11) Do you engage with your value chain on environmental issues? 126

(5.11.1) Does your organization assess and classify suppliers according to their dependencies and/or impacts on the environment? 127

(5.11.2) Does your organization prioritize which suppliers to engage with on environmental issues? 127

(5.11.5) Do your suppliers have to meet environmental requirements as part of your organization's purchasing process? 128

(5.11.6) Provide details of the environmental requirements that suppliers have to meet as part of your organization's purchasing process, and the compliance measures in place. 130

(5.11.7) Provide further details of your organization's supplier engagement on environmental issues. 132

(5.11.9) Provide details of any environmental engagement activity with other stakeholders in the value chain. 134

C6. Environmental Performance - Consolidation Approach 140

(6.1) Provide details on your chosen consolidation approach for the calculation of environmental performance data 140

C7. Environmental performance - Climate Change 142

(7.1) Is this your first year of reporting emissions data to CDP? 142

(7.1.1) Has your organization undergone any structural changes in the reporting year, or are any previous structural changes being accounted for in this disclosure of emissions data? 142

(7.1.2) Has your emissions accounting methodology, boundary, and/or reporting year definition changed in the reporting year? 142

(7.2) Select the name of the standard, protocol, or methodology you have used to collect activity data and calculate emissions. 143

(7.3) Describe your organization's approach to reporting Scope 2 emissions 143

(7.4) Are there any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1, Scope 2 or Scope 3 emissions that are within your selected reporting boundary which are not included in your disclosure? 143

(7.4.1) Provide details of the sources of Scope 1, Scope 2, or Scope 3 emissions that are within your selected reporting boundary which are not included in your disclosure.

. 143

(7.5) Provide your base year and base year emissions 145

(7.6) What were your organization's gross global Scope 1 emissions in metric tons CO2e? 149

(7.7) What were your organization's gross global Scope 2 emissions in metric tons CO2e? 150

(7.8) Account for your organization's gross global Scope 3 emissions, disclosing and explaining any exclusions 150

(7.9) Indicate the verification/assurance status that applies to your reported emissions 158

(7.9.1) Provide further details of the verification/assurance undertaken for your Scope 1 emissions, and attach the relevant statements. 159

(7.9.2) Provide further details of the verification/assurance undertaken for your Scope 2 emissions and attach the relevant statements. 160

(7.9.3) Provide further details of the verification/assurance undertaken for your Scope 3 emissions and attach the relevant statements. 162

(7.10) How do your gross global emissions (Scope 1 and 2 combined) for the reporting year compare to those of the previous reporting year? 168

(7.10.1) Identify the reasons for any change in your gross global emissions (Scope 1 and 2 combined), and for each of them specify how your emissions compare to the previous year 168

(7.10.2) Are your emissions performance calculations in 7.10 and 7.10.1 based on a location-based Scope 2 emissions figure or a market-based Scope 2 emissions figure?

. 174

(7.12) Are carbon dioxide emissions from biogenic carbon relevant to your organization? 174

(7.12.1) Provide the emissions from biogenic carbon relevant to your organization in metric tons CO2. 175

(7.15) Does your organization break down its Scope 1 emissions by greenhouse gas type? 175

(7.15.1) Break down your total gross global Scope 1 emissions by greenhouse gas type and provide the source of each used global warming potential (GWP). 175

(7.15.3) Break down your total gross global Scope 1 emissions from electric utilities value chain activities by greenhouse gas type. 178

(7.16) Break down your total gross global Scope 1 and 2 emissions by country/area. 180

(7.17) Indicate which gross global Scope 1 emissions breakdowns you are able to provide. 182

(7.17.3) Break down your total gross global Scope 1 emissions by business activity 183

(7.19) Break down your organization's total gross global Scope 1 emissions by sector production activity in metric tons CO2e. 183

(7.22) Break down your gross Scope 1 and Scope 2 emissions between your consolidated accounting group and other entities included in your response. 183

(7.23) Is your organization able to break down your emissions data for any of the subsidiaries included in your CDP response? 185

(7.23.1) Break down your gross Scope 1 and Scope 2 emissions by subsidiary 185

(7.29) What percentage of your total operational spend in the reporting year was on energy? 186

(7.30) Select which energy-related activities your organization has undertaken. 186

(7.30.1) Report your organization's energy consumption totals (excluding feedstocks) in MWh 187

(7.30.6) Select the applications of your organization's consumption of fuel. 189

(7.30.7) State how much fuel in MWh your organization has consumed (excluding feedstocks) by fuel type. 190

(7.30.16) Provide a breakdown by country/area of your electricity/heat/steam/cooling consumption in the reporting year 196

(7.33) Does your electric utility organization have a transmission and distribution business? 204

(7.33.1) Disclose the following information about your transmission and distribution business. 204

(7.45) Describe your gross global combined Scope 1 and 2 emissions for the reporting year in metric tons CO2e per unit currency total revenue and provide any additional intensity metrics that are appropriate to your business operations 210

(7.46) For your electric utility activities, provide a breakdown of your Scope 1 emissions and emissions intensity relating to your total power plant capacity and generation during the reporting year by source. 211

(7.52) Provide any additional climate-related metrics relevant to your business. 217

(7.53) Did you have an emissions target that was active in the reporting year? 218

(7.53.2) Provide details of your emissions intensity targets and progress made against those targets. 218

(7.54) Did you have any other climate-related targets that were active in the reporting year? 221

(7.54.3) Provide details of your net-zero target(s) 221

(7.55) Did you have emissions reduction initiatives that were active within the reporting year? Note that this can include those in the planning and/or implementation phases. 223

(7.55.1) Identify the total number of initiatives at each stage of development, and for those in the implementation stages, the estimated CO2e savings. 223

(7.55.2) Provide details on the initiatives implemented in the reporting year in the table below 224

(7.55.3) What methods do you use to drive investment in emissions reduction activities? 230

(7.58) Describe your organization's efforts to reduce methane emissions from your activities. 231

(7.74) Do you classify any of your existing goods and/or services as low-carbon products? 232

(7.74.1) Provide details of your products and/or services that you classify as low-carbon products. 232

(7.79) Has your organization retired any project-based carbon credits within the reporting year? 234

C9. Environmental performance - Water security 235

(9.1) Are there any exclusions from your disclosure of water-related data? 235

(9.1.1) Provide details on these exclusions 235

(9.2) Across all your operations, what proportion of the following water aspects are regularly measured and monitored? 238

(9.2.1) For your hydropower operations, what proportion of the following water aspects are regularly measured and monitored? 246

(9.2.2) What are the total volumes of water withdrawn, discharged, and consumed across all your operations, how do they compare to the previous reporting year, and how are they forecasted to change? 247

(9.2.4) Indicate whether water is withdrawn from areas with water stress, provide the volume, how it compares with the previous reporting year, and how it is forecasted to change. 251

(9.2.7) Provide total water withdrawal data by source. 252

(9.2.8) Provide total water discharge data by destination. 256

(9.2.9) Within your direct operations, indicate the highest level(s) to which you treat your discharge. 259

(9.2.10) Provide details of your organization's emissions of nitrates, phosphates, pesticides, and other priority substances to water in the reporting year 264

(9.3) In your direct operations and upstream value chain, what is the number of facilities where you have identified substantive water-related dependencies, impacts, risks, and opportunities? 265

(9.3.1) For each facility referenced in 9.3, provide coordinates, water accounting data, and a comparison with the previous reporting year 266

(9.3.2) For the facilities in your direct operations referenced in 9.3.1, what proportion of water accounting data has been third party verified? 270

(9.5) Provide a figure for your organization's total water withdrawal efficiency 273

(9.7) Do you calculate water intensity for your electricity generation activities? 273

(9.7.1) Provide the following intensity information associated with your electricity generation activities. 273

(9.13) Do any of your products contain substances classified as hazardous by a regulatory authority? 274

(9.14) Do you classify any of your current products and/or services as low water impact? 275

(9.15) Do you have any water-related targets? 275

(9.15.3) Why do you not have water-related target(s) and what are your plans to develop these in the future? 276

C13. Further information & sign off 277

(13.1) Indicate if any environmental information included in your CDP response (not already reported in 7.9.1/2/3, 8.9.1/2/3/4, and 9.3.2) is verified and/or assured by a third party? 277

(13.1.1) Which data points within your CDP response are verified and/or assured by a third party, and which standards were used? 277

(13.2) Use this field to provide any additional information or context that you feel is relevant to your organization's response. Please note that this field is optional and is not scored. 281

(13.3) Provide the following information for the person that has signed off (approved) your CDP response. 281

(13.4) Please indicate your consent for CDP to share contact details with the Pacific Institute to support content for its Water Action Hub website. 282

‌(1.1) In which language are you submitting your response?

Select from:

☑ English

‌(1.2) Select the currency used for all financial information disclosed throughout your response.

Select from:

☑ USD

‌(1.3) Provide an overview and introduction to your organization.

(1.3.2) Organization type

Select from:

☑ Publicly traded organization

(1.3.3) Description of organization

The AES Corporation NYSE AES is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders were improving lives by delivering the greener smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. As of December 31st. 2024 we had a global workforce of approximately 9100 people and a diverse portfolio in 12 countries with total gross capacity 32,106 megawatts MW (22856 MW ownership adjusted) and distribution networks serving over 2.7 million customers. AES 2024 revenues were US12.3 billion We are organized into four technology oriented Strategic Business Units SBUs: * Renewables: Solar wind energy storage and hydro generation facilities in ten countries Our Renewables SBU is the highest growth segment for AES. * Utilities: Regulated utilities and their generation facilities in United States and El Salvador. * Energy Infrastructure: Natural gas liquified natural gas coal pet coke diesel and oil generation facilities. * New Energy Technologies: automated solar installations with Maximo and artificial intelligence and initiatives in Fluence. We were incorporated in Delaware in 1981 and are headquartered in Arlington VA.

[Fixed row]

‌(1.4) State the end date of the year for which you are reporting data. For emissions data, indicate whether you will be providing emissions data for past reporting years.

[Fixed row]

‌(1.4.1) What is your organization's annual revenue for the reporting period?

12278000000

‌(1.5) Provide details on your reporting boundary.

(1.5.1) Is your reporting boundary for your CDP disclosure the same as that used in your financial statements?

Select from:

☑ No

(1.5.2) How does your reporting boundary differ to that used in your financial statement?

We use the equity approach to disclose our environmental data. Our emissions and water data has been adjusted by the ownership that AES has, but we do not apply the equity ownership to financial statement process. The consolidated financial statements include financial information in its entirety from The AES Corporation and its controlled subsidiaries. In addition, financial statements does not make adjustments on historic data after acquisitions or divestures, which could be the case for emissions reported data if deemed relevant for base year recalculations.

[Fixed row]

‌(1.6) Does your organization have an ISIN code or another unique identifier (e.g., Ticker, CUSIP, etc.)?

ISIN code - bond

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ No

ISIN code - equity

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ Yes

(1.6.2) Provide your unique identifier

US00130H1059

CUSIP number

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ Yes

(1.6.2) Provide your unique identifier

00130H105

Ticker symbol

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ Yes

(1.6.2) Provide your unique identifier

NYSE AES

SEDOL code

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ Yes

(1.6.2) Provide your unique identifier

2002479 US

LEI number

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ No

D-U-N-S number

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ No

Other unique identifier

(1.6.1) Does your organization use this unique identifier?

Select from:

☑ No

[Add row]

‌(1.7) Select the countries/areas in which you operate.

Select all that apply

☑ Chile ☑ Bulgaria

☑ Brazil ☑ Colombia

☑ Jordan ☑ Viet Nam

☑ Mexico ☑ Argentina

☑ Panama ☑ El Salvador

☑ Netherlands

☑ Puerto Rico

☑ Dominican Republic

☑ United States of America

‌(1.16) In which part of the electric utilities value chain does your organization operate?

Electric utilities value chain

☑ Distribution

☑ Electricity generation

☑ Transmission

Other divisions

☑ Battery storage

☑ Gas storage, transmission and distribution

‌(1.16.1) For your electricity generation activities, provide details of your nameplate capacity and electricity generation specifics for each technology employed.

Coal - Hard

Select from:

☑ Yes

3231

16967

14973

Lignite

Select from:

☑ Yes

690

2277

1929

Oil

Select from:

☑ Yes

45

0

0

Gas

Select from:

☑ Yes

6667

19311

18632

Sustainable biomass

Select from:

☑ No

Other biomass

Select from:

☑ Yes

0

6

5

Please note that the value of NamePlate capacity is 0 but we are showing generation because we are accounting for the generation of an assett that we owned during 2024 but was sold before end of year. Our installed capacity reflects the values of our portfolio as of end of 2024.

Waste (non-biomass)

Select from:

☑ No

Nuclear

Select from:

☑ No

Fossil-fuel plants fitted with carbon capture and storage

Select from:

☑ No

Geothermal

Select from:

☑ No

Hydropower

Select from:

☑ Yes

3425

11157

11096

Wind

Select from:

☑ Yes

2595

8014

7949

Solar

Select from:

☑ Yes

4041

5635

5590

Marine

Select from:

☑ No

Other renewable

Select from:

☑ Yes

6

27

24

Landfill gas

Other non-renewable

Select from:

☑ Yes

544

2134

1885

Pet-coke

Total

Select from:

☑ Yes