Canadian Utilities Limited, headquartered in Calgary, Alberta, is a prominent player in the Other Business Services sector, specifically within the utilities industry. Founded in 1911, the company has evolved significantly, establishing itself as a leader in providing essential services across Canada and internationally.
With a diverse portfolio that includes electricity generation, transmission, and natural gas distribution, Canadian Utilities is recognised for its commitment to innovation and sustainability. The company’s unique approach to integrating advanced technologies into its operations sets it apart in a competitive market.
Notable achievements include its consistent ranking among the top utility companies in Canada, reflecting its strong market position and dedication to customer service. Canadian Utilities continues to drive progress in the energy sector, focusing on reliable service delivery and environmental stewardship.
+5 vs industry average
Canadian Utilities’s score of 37 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Canadian Utilities's reported carbon emissions
Canadian Utilities, headquartered in Canada and operating in the 'Other business services (74)' sector, reported a total of approximately 26.4 billion kg CO2e for the year 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2024, Scope 1 emissions stood at approximately 713 million kg CO2e, while Scope 2 emissions were around 193 million kg CO2e. Scope 3 emissions were substantially higher, reaching approximately 23.15 billion kg CO2e, with a significant portion, about 16.036 billion kg CO2e, attributed to the use of sold products. Looking at previous years, in 2023, total emissions were approximately 24.31 billion kg CO2e, comprising 698 million kg CO2e for Scope 1 and 199 million kg CO2e for Scope 2. Scope 3 emissions in 2023 amounted to approximately 23.409 billion kg CO2e, of which 15.958 billion kg CO2e was from the use of sold products. The company has set an intensity-based reduction target for Scope 1 and 2 emissions. By 2030, Canadian Utilities aims to reduce these emissions by 30% compared to 2020 levels, measured against earnings intensity. It is important to note that Canadian Utilities' emissions data is cascaded from its parent organisation, Canadian Utilities Limited, at a cascade level of 2. The specific performance data also originates from Canadian Utilities Limited.
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Canadian Utilities’s Climate Goals (2030 & 2050)
2 goals2030
30% reduction in Scope 1
We do expect, however, to reach our goal to reduce Scope 1 and 2 emissions to earnings intensity by 30 per cent from 2020 levels, by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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