Boralex

Boralex, a Canadian "Electricity nec" company, reported total carbon emissions of approximately 166.19 million kg CO2e in 2025. This includes about 1.52 million kg CO2e from Scope 1, 1.41 million kg CO2e from Scope 2, and 163.26 million kg CO2e from Scope 3.

Looking back, their total emissions were approximately 88.96 million kg CO2e in 2024 (with 1.33 million kg CO2e Scope 1, 1.79 million kg CO2e Scope 2, and 85.84 million kg CO2e Scope 3), and approximately 69.29 million kg CO2e in 2023 (with 1.23 million kg CO2e Scope 1, 1.71 million kg CO2e Scope 2, and 66.35 million kg CO2e Scope 3). In 2022, total emissions were about 102.09 million kg CO2e, comprising 1.21 million kg CO2e Scope 1, 2.28 million kg CO2e Scope 2, and 98.60 million kg CO2e Scope 3.

Boralex Inc. has set ambitious Science Based Targets initiative (SBTi) commitments. They aim for net-zero greenhouse gas emissions across their value chain by 2050. Their near-term targets include a 42% absolute reduction in Scope 1 and 2 GHG emissions by 2030, from a 2022 base year. They also commit that 90% of their suppliers, by emissions covering capital goods and upstream transportation and distribution, will have science-based targets by 2028. For long-term goals, Boralex Inc. commits to a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050 from a 2022 base year, and a 97% reduction in Scope 3 GHG emissions per kWh produced and sold within the same timeframe. These targets cover greenhouse gas emissions from company operations (Scopes 1 and 2) and are consistent with reductions required to limit global warming to 1.5°C.