GlobalData offers a comprehensive analysis of Northland Power, 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 Northland Power‘s ESG performance. GlobalData’s company profile on Northland Power 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.
Northland Power, a renewable energy company, has set ambitious net-zero targets and is taking steps to reduce its greenhouse gas (GHG) emissions. The company aims to achieve net-zero across scope 1, 2, and 3 emissions by 2040. The company is committed to aligning its operations with strategies aimed at limiting global temperature increases to below 2°C. Recognizing potential risks associated with its natural gas exposure, the company is dedicated to mitigating these emissions, particularly over the long term. Northland is dedicated to a sustainable future, employing a systematic approach to achieve decarbonization and stewardship goals. Grounded in their Global Environmental Policy, the company engages in proactive environmental and climate management through broad awareness, coordinated design, and effective controls.
In 2022, the company's emissions profile revealed distinct figures for Scope 1 and Scope 2 emissions across various categories. Thermal & utilities contributed 1,267,183 tCO2e and 22,233 tCO2e, while onshore renewables reported 2,053 tCO2e and 2,096 tCO2e. Similarly, offshore wind showed 15,752 tCO2e and 2,866 tCO2e, and offices registered 47 tCO2e and 415 tCO2e. Notably, the total Scope 3 emissions, encompassing upstream fuel and energy activities, waste in operations, purchased goods and services, business travel, capital goods, and employee commuting, amounted to 319,373 tCO2e for the year.
Northland Power has made significant progress in reducing its GHG emissions. It has achieved a 6% reduction in GHG emissions intensity (MWh/tCO2e) since 2021 and a 32% reduction since 2019. The company has also avoided over 2.7 million tonnes of emissions. The company is also on track to reduce its Scope 1 & 2 GHG emissions intensity by 65% (from 2019 baseline) by 2030. These achievements demonstrate Northland Power's commitment to combatting climate change and its impact.
To achieve its net-zero targets, Northland Power has implemented various measures. The company has invested in renewable energy projects, including offshore wind facilities, which contribute to clean energy generation. It has also focused on operational optimization and efficiency, decreasing baseload production from natural gas. Additionally, Northland Power has taken steps to reduce its indirect emissions, such as employee commuting and business travel.
Northland Power is committed to sustainability and environmental protection. The company has supported initiatives like Offshore Wind for Kids, where it educates youth about the renewable energy industry. It has also implemented practices like solar grazing, where sheep help control vegetation under solar panels, minimizing environmental impacts. Furthermore, Northland Power has implemented water conservation measures, such as rainwater collection systems and recycling rainwater at its facilities.
In conclusion, Northland Power is dedicated to achieving its net-zero targets and reducing its GHG emissions. The company has made significant progress in emission reduction and has implemented various measures to achieve its goals. Through its investments in renewable energy projects and sustainable practices, Northland Power is taking urgent action to combat climate change and contribute to a greener future.