Boralex, as a producer of electricity from renewable resources, contributes significantly to reducing greenhouse gas (GHG) emissions in the regions where it operates. Consequently, the company has set annual targets for the avoidance of tonnes of CO2 from the present onward through 2025. In 2022, the company reported Scope 1 emissions of 1,215 tCO2e, Scope 2 emissions of 2,811 tCO2e, and combined Scope 1 and 2 emissions of 4,026 tCO2e. Additionally, Scope 3 emissions amounted to 115,409 tCO2e. Notably, the company's renewable energy production reached 6,300 GWh, contributing to emissions avoidance. Additionally, the company managed to achieve a remarkable reduction in its Scope 1 greenhouse gas (GHG) emissions, achieving a 95% decrease compared to the emissions recorded in 2021.

By the end of 2022, the company successfully prevented the release of 354,442 tonnes of CO2 emissions. The company has set a target to avoid 781,773 tonnes of CO2 emissions by 2025. There was a 95% reduction in Scope 1 greenhouse gas emissions in 2022 compared to the levels recorded in 2021.

The company has taken steps to reduce emissions and achieve its net-zero targets. These steps include investments in renewable energy projects and partnerships with host communities and territories to integrate solar energy into existing energy infrastructure. The company also manages environmental risks associated with its hydroelectric facilities and implements strategies to mitigate water management risks. Additionally, Boralex reports on its efforts to address community and ecological impacts in solar energy system project development.

In conclusion, Boralex is taking steps to reduce its carbon emissions and achieve its sustainability goals. The company is investing in renewable energy projects, promoting responsible ESG practices, and actively engaging with communities and territories. Boralex's commitment to sustainability and its efforts to address climate change are evident.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.