Boralex

Boralex, an Electricity nec company headquartered in Canada, reported total carbon emissions of approximately 166.19 million kg CO2e in 2025. This includes Scope 1 emissions of about 1.52 million kg CO2e, Scope 2 emissions of approximately 1.41 million kg CO2e, and Scope 3 emissions of around 163.26 million kg CO2e.

Looking back, Boralex's total emissions were approximately 88.96 million kg CO2e in 2024, with Scope 1 at about 1.33 million kg CO2e, Scope 2 at roughly 1.79 million kg CO2e, and Scope 3 at around 85.84 million kg CO2e. In 2023, the total emissions were approximately 69.29 million kg CO2e, comprising Scope 1 emissions of about 1.23 million kg CO2e, Scope 2 emissions of approximately 1.71 million kg CO2e, and Scope 3 emissions of around 66.35 million kg CO2e. For 2022, total emissions stood at approximately 102.09 million kg CO2e, including Scope 1 emissions of about 1.21 million kg CO2e, Scope 2 emissions of around 2.28 million kg CO2e, and Scope 3 emissions of approximately 98.60 million kg CO2e.

Boralex Inc. has a Science Based Targets initiative (SBTi) commitment to reach net-zero greenhouse gas emissions across its value chain by 2050. Near-term, Boralex Inc. aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year. The company also commits that 90% of its suppliers, by emissions covering capital goods and upstream transportation and distribution, will have science-based targets by 2028. For the long term, Boralex Inc. commits to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2022 base year and to reduce Scope 3 GHG emissions by 97% per kWh produced and sold within the same timeframe. These targets cover greenhouse gas emissions from company operations (Scope 1 and 2) and are consistent with reductions required to keep warming to 1.5°C.