HEI Publishes 2022 Consolidated Environmental, Social and Governance (ESG) Report

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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 outlining its updated policies, actions and performance for the full year 2021 with respect to relates to a range of environmental, social and governance (ESG) criteria, including climate-related risks and opportunities. This is HEI’s third and most comprehensive ESG report.

The report includes HEI’s first company-wide greenhouse gas (GHG) emissions inventory, which will further guide the company’s ESG strategies and provide greater transparency on its progress on climate issues. Net company-wide GHG emissions in the measured categories decreased by 15% from 2015 to 2021, primarily due to emission reductions related to utility generation.

“Our ESG progress demonstrates our commitment not only to operating a sustainable business, but also to building a sustainable Hawaii in which our children and grandchildren, our communities, our customers and our co-workers will thrive together now and for generations to come. , ” mentioned Scott Seu, Chairman and CEO of HEI. “Our company has served Hawaii for more than 130 years, and this deep mindset comes naturally to us as a long-standing company in our island state. ‘State in Hawaii, community expectations and our goals as a company have never been stronger.’

HEI identifies 19 ESG priorities in the report and pays particular attention to seven topics: decarbonization; economic health and affordability; reliability and resilience; secure scanning; diversity, equity and inclusion; employee engagement and climate-related risks and opportunities.

The 2022 ESG Report extends the aligned reporting of the HEI Task Force on Climate-Related Financial Disclosures (TCFD) from 2021. It also presents data aligned with the Sustainability Accounting Standards Board (SASB) guidelines for service subsidiaries HEI’s public and banking institutions.

To view the HEI 2022 ESG Report, visit www.hei.com/esg.

Among the highlights:

  • Hawaiian electric

  • American savings bank

  • Pacific Current

The HEI Family of Companies Provides the Energy and Financial Services that Power Much of Hawaii’s Economic and Community Activity`I. HEI’s electric utility, Hawaiian Electric, powers approximately 95% of Hawaii`i’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 Hawai`i’s largest financial institutions, providing a wide range of banking and other financial services and working to advance economic growth, affordability and financial health. HEI also helps move Hawaii forward`i’s sustainability goals through investments from its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.

Contact Investor

Media Contact

Julie Smolinsky

AJ Halagao

Vice President, Investor Relations and Corporate Sustainability

VP, Corporate and Community Advancement

[email protected]

[email protected]

(808) 543-7300

(808) 543-7625

HE I

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SOURCE Hawaiian Electric Industries, Inc.

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