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.
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.
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.
Algonquin Power And Utilities's score of 36 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Algonquin Power and Utilities reported total carbon emissions of approximately 63,072,000 kg CO2e. This figure includes 11,100,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 51,971,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, their Scope 3 emissions, which account for the entire value chain, reached about 4,793,555,000 kg CO2e. The company has set ambitious reduction targets aimed at decreasing its carbon intensity. By 2030, Algonquin Power aims to reduce its Scope 1 emissions intensity by 45% from a 2017 base-year value of 0.563 MtCO2e/MWh generated. Additionally, they plan to achieve a 50% reduction in Scope 2 emissions intensity, starting from a 2017 base-year value of 0.003 MtCO2e/MMBtu delivered. These commitments reflect Algonquin Power's dedication to addressing climate change and reducing its overall carbon footprint, aligning with industry standards for sustainability and emissions reduction.
Access structured emissions data, company-specific emission factors, and source documents
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 | 0,000,000,000 | 00,000 | 0,000,000 | 0,000,000,000 |
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.