GlobalData offers a comprehensive analysis of Boralex, 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 Boralex‘s ESG performance. GlobalData’s company profile on Boralex 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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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.
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