Algonquin Power And Utilities Sustainability Profile
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 39 is higher than 61% 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, headquartered in Canada, reported total carbon emissions of approximately 4,085,000 kg CO2e from Scope 1 and 2 sources. This figure reflects their commitment to reducing greenhouse gas emissions through various initiatives. The company has set ambitious reduction targets, aiming for a 50% reduction in natural gas emissions and a 45% reduction in electric emissions by 2030, using 2017 as the base year. Globally, their emissions data indicates a total of about 2,170,000,000 kg CO2e for Scope 1 and 2 emissions, with significant contributions from Scope 3 emissions, which total approximately 4,793,555,000 kg CO2e. This includes emissions from investments and the use of sold products, highlighting the company's extensive carbon footprint across its operations. Algonquin Power and Utilities has not reported any Science-Based Targets Initiative (SBTi) targets, but their ongoing efforts to enhance sustainability practices are evident in their emissions reduction strategies. The company continues to focus on improving its environmental performance and aligning with industry standards for climate action.
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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 |
How Carbon Intensive is Algonquin Power And Utilities's Industry?
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Algonquin Power And Utilities's Scope 3 Categories Breakdown
Algonquin Power And Utilities's Scope 3 emissions, which increased significantly last year and increased by approximately 98% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 44% of Scope 3 emissions.
Top Scope 3 Categories
Algonquin Power And Utilities's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Algonquin Power And Utilities has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
