GlobalData offers a comprehensive analysis of Innergex Renewable Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Innergex Renewable Energy‘s ESG performance. GlobalData’s company profile on Innergex Renewable Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Innergex Renewable Energy, a renewable energy company, has set target for net-zero by 2050 as part of its commitment to sustainability. In 2022, Innergex's production of clean, renewable energy offset approximately 1,889,005 metric tonnes of CO2 emissions, equivalent to the emissions generated by 407,022 gasoline-powered passenger vehicles driven for one year. In 2022, Scope 1 direct emissions from the company amounted to 1,292.5 metric tonnes, and Scope 2 indirect emissions stood at 6,743.4 metric tonnes. Scope 1 accounted for 15.71% of the total greenhouse gas emissions, showing a decrease from 21.92% in 2021 and 21.48% in 2020. Meanwhile, Scope 2 emissions constituted 81.99% in 2022, representing an increase compared to 78.08% in 2021 and 78.52% in 2020. As part of their commitment to achieving net zero emissions by 2050, the company will be formulating a plan to integrate Scope 3 emissions accounting into their disclosures. This strategic step aims to ensure a comprehensive assessment of their carbon footprint.

In terms of renewable energy generation, Innergex Renewable Energy has reported its electricity output from renewable sources such as hydro, wind, and solar. The company has a diverse portfolio of hydroelectric projects in Canada, the USA, and Chile. It also operates wind and solar facilities. Innergex Renewable Energy aims to address community and ecological impacts in its solar energy system projects and employs emerging technologies to minimize environmental effects. The company's commitment to renewable energy generation aligns with the United Nations' Sustainable Development Goals. Innergex Renewable Energy's focus on renewable resources and alternative energy reflects its long-term strategy to manage emissions and contribute to a better world.

In conclusion, Innergex Renewable Energy has set net-zero targets and is taking steps to reduce its carbon emissions and achieve sustainability goals. The company's steps include investments in environmental protection, waste disposal, emissions treatment, and remediation. Innergex Renewable Energy also emphasizes the importance of protecting biodiversity and has allocated resources for this purpose. The company's investments in environmental protection, renewable energy generation, and efforts to address community and ecological impacts demonstrate its commitment to a greener future.

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