Boralex

Boralex, a Canadian electricity company, reported total carbon emissions of approximately 166.19 million kg CO2e in 2025. This included about 1.52 million kg CO2e from Scope 1 emissions, 1.41 million kg CO2e from Scope 2 emissions, and 163.26 million kg CO2e from Scope 3 emissions. In 2024, their total emissions were approximately 88.96 million kg CO2e, with Scope 1 at about 1.33 million kg CO2e, Scope 2 at approximately 1.79 million kg CO2e, and Scope 3 at about 85.84 million kg CO2e. For 2023, total emissions stood at approximately 69.29 million kg CO2e, comprising about 1.23 million kg CO2e for Scope 1, 1.71 million kg CO2e for Scope 2, and 66.35 million kg CO2e for Scope 3.

Boralex Inc. has a comprehensive climate commitment, validated by the Science Based Targets initiative (SBTi). 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 Inc. is committed to ensuring that 90% of its suppliers, by emissions covering capital goods and upstream transportation and distribution, will have science-based targets by 2028. Long-term targets include 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.