Boralex

Boralex, a Canadian-headquartered company in the Electricity sector, reported total carbon emissions of approximately 166.2 million kg CO2e in 2025. This included around 1.5 million kg CO2e from Scope 1 emissions, 1.4 million kg CO2e from Scope 2 emissions, and 163.3 million kg CO2e from Scope 3 emissions. In 2024, their total emissions were about 89 million kg CO2e, comprising approximately 1.3 million kg CO2e (Scope 1), 1.8 million kg CO2e (Scope 2), and 85.8 million kg CO2e (Scope 3). For 2023, total emissions were around 69.3 million kg CO2e, with Scope 1 at roughly 1.2 million kg CO2e, Scope 2 at about 1.7 million kg CO2e, and Scope 3 at approximately 66.4 million kg CO2e.

Boralex is committed to ambitious climate action, with Science Based Targets initiative (SBTi) validated targets. The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include a 42% absolute reduction in Scope 1 and 2 GHG emissions by 2030, from a 2022 base year. Additionally, Boralex 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 plans to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2022 base year. The company also commits to a 97% reduction in Scope 3 GHG emissions per kWh produced and sold within the same 2022 to 2050 timeframe.