Boralex Sustainability Profile
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 62 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Boralex's reported carbon emissions
In 2024, Boralex Inc. reported total carbon emissions of approximately 88,961,000 kg CO2e, comprising 1,330,000 kg CO2e from Scope 1, 1,789,000 kg CO2e from Scope 2, and a significant 85,842,000 kg CO2e from Scope 3 emissions. This marks an increase from 2023, where total emissions were about 69,291,000 kg CO2e, with Scope 1 at 1,227,000 kg CO2e, Scope 2 at 1,710,000 kg CO2e, and Scope 3 at 66,354,000 kg CO2e. Boralex has set ambitious climate commitments, aiming for a 90% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by 2050, using 2022 as the baseline year. Additionally, they target a 42% reduction in these emissions by 2030. For Scope 3 emissions, Boralex commits to a 97% reduction per kilowatt-hour produced and sold by 2050. Furthermore, they aim for 90% of their suppliers, covering capital goods and upstream transportation, to have science-based targets by 2028. Boralex's overall strategy includes a commitment to achieve net-zero greenhouse gas emissions across its value chain by 2050, aligning with the Science Based Targets initiative (SBTi) standards. These targets reflect Boralex's dedication to sustainable practices within the electric utilities sector, headquartered in Canada.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
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Boralex's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Boralex has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Boralex's sustainability data and climate commitments