Algonquin Power And Utilities
Algonquin Power & Utilities Corp., commonly referred to as Algonquin, is a leading player in the renewable energy and utility sectors, headquartered in Canada. Founded in 1988, the company has established a strong presence across North America, focusing on sustainable energy solutions and utility services. Algonquin operates primarily in the renewable energy sector, providing clean power through wind, solar, and hydroelectric projects, alongside regulated utility services that ensure reliable water and electricity supply. The company is recognised for its commitment to sustainability and innovation, positioning itself as a key contributor to the transition towards a greener economy. With a robust portfolio and a dedication to environmental stewardship, Algonquin Power & Utilities has achieved significant milestones, including substantial growth in renewable energy capacity, solidifying its market position as a trusted provider in the industry.
DitchCarbon Score
How does Algonquin Power And Utilities's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Algonquin Power And Utilities's score of 36 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Algonquin Power And Utilities's reported carbon emissions
In 2023, Algonquin Power and Utilities reported total carbon emissions of approximately 63,072,000 kg CO2e globally, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions accounted for about 11,100,000 kg CO2e, while Scope 2 emissions were approximately 51,971,000 kg CO2e. The company also disclosed Scope 3 emissions, which totalled around 4,793,555,000 kg CO2e, indicating a substantial impact from upstream activities, including investments and the use of sold products. In Canada, Algonquin's emissions for 2023 were reported at approximately 4,085,000 kg CO2e, all classified under Scope 1 and 2. The company has set ambitious reduction targets aimed at decreasing its carbon intensity. By 2030, Algonquin aims to achieve a 50% reduction in natural gas emissions, based on a 2017 baseline, targeting a reduction from 0.003 MtCO2e/MMBtu delivered. Additionally, the company plans to reduce its electric emissions by 45% from a 2017 baseline of 0.563 MtCO2e/MWh generated. These commitments reflect Algonquin's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and emissions management.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 273,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 00,000 | 0,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Algonquin Power And Utilities is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
