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 27 is higher than 54% 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% decrease 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, 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 extensive impact of their operations. Algonquin Power and Utilities has not disclosed any Science-Based Targets Initiative (SBTi) targets, but their ongoing efforts demonstrate a proactive approach to climate commitments. The company continues to focus on reducing its carbon footprint while enhancing sustainability across its operations.
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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.
