Boralex
Boralex Inc., a leading player in the renewable energy sector, is headquartered in Canada and operates extensively across North America and Europe. Founded in 1990, the company has established itself as a pioneer in the development and management of renewable energy facilities, focusing primarily on wind, solar, and hydroelectric power. Boralex is renowned for its commitment to sustainability and innovation, offering unique solutions that harness natural resources while minimising environmental impact. With a robust portfolio of over 2,000 MW of installed capacity, the company has achieved significant milestones, including numerous awards for its operational excellence and environmental stewardship. As a prominent force in the renewable energy market, Boralex continues to expand its footprint, contributing to a greener future while maintaining a strong position among industry leaders.
DitchCarbon Score
How does Boralex'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
Boralex's score of 47 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Boralex's reported carbon emissions
In 2023, Boralex reported total carbon emissions of approximately 69,291,000 kg CO2e, comprising 1,227,000 kg CO2e from Scope 1, 1,710,000 kg CO2e from Scope 2, and 66,354,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing greenhouse gas emissions across all scopes, with a target to achieve net-zero emissions by 2050. Boralex has set ambitious near-term targets, aiming for a 42% reduction in absolute Scope 1 and 2 emissions by 2030, using 2022 as the baseline year. Additionally, the company plans to ensure that 90% of its suppliers, covering capital goods and upstream transportation and distribution, will have science-based targets by 2028. Long-term, Boralex aims for a 90% reduction in absolute Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions per kilowatt-hour produced and sold by 2050. These commitments align with industry standards for climate action, demonstrating Boralex's proactive approach to addressing climate change and reducing its carbon footprint.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 56,523,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,246,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000,000 | 00,000,000 |
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.
Boralex is committed to some reduction initiatives 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.
