Algonquin Power & Utilities Corp
Algonquin Power & Utilities's GHG Emissions Data Preview
In 2023, Algonquin Power & Utilities completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Algonquin Power & Utilities has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
a
b
b
a
b
b
a
b
bVerified Sources Behind Algonquin Power & Utilities’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Algonquin Power & Utilities’s data sources below and access millions more through our Disclosure Search.
Insights into Algonquin Power & Utilities's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Algonquin Power & Utilities amounted to 2,170,069 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Algonquin Power & Utilities decreased by 17.55%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Algonquin Power & Utilities's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Algonquin Power & Utilities's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Algonquin Power & Utilities were 2,081,332 metric tons of CO₂ equivalent (tCO₂e). a
Has Algonquin Power & Utilities reduced its Scope 1 emissions over time?
Since 2019, Algonquin Power & Utilities's Scope 1 emissions have decreased by 37.06%, reflecting a declining long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2022), Algonquin Power & Utilities's Scope 1 emissions decreased by 18.15%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are Algonquin Power & Utilities's Scope 2 emissions?
In 2023, Algonquin Power & Utilities reported Scope 2 greenhouse gas (GHG) emissions of 88,737 tCO₂e using the market-based method and 88,737 tCO₂e using the location-based method. a
Has Algonquin Power & Utilities reduced its Scope 2 emissions over time?
Since 2019, Algonquin Power & Utilities's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 14.15%, reflecting a rising long-term trend in Scope 2 emissions over time. a c
Compared to the previous year (2022), Algonquin Power & Utilities's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Algonquin Power & Utilities 's emissions have plateaued with no significant change in its energy consumption footprint. a b
What methodology does Algonquin Power & Utilities use for Scope 2 reporting?
In 2023, Algonquin Power & Utilities reported its Scope 2 emissions using the market-based method and using the location-based method. a
Algonquin Power & Utilities's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Algonquin Power & Utilities's Value Chain Emissions
In 2023, Algonquin Power & Utilities reported 4,793,555 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Algonquin Power & Utilities includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Algonquin Power & Utilities's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Algonquin Power & Utilities's Scope 3 emissions?
In 2023, Algonquin Power & Utilities reported total Scope 3 emissions of 4,793,555 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 21.94% of these emissions originated from upstream activities such as purchased goods and capital goods, while 78.06% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Algonquin Power & Utilities reduced its Scope 3 emissions over time?
Since 2019, Algonquin Power & Utilities's Scope 3 emissions have increased by 25.45%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2022), Algonquin Power & Utilities's Scope 3 emissions remained relatively stable, indicating that Algonquin Power & Utilities 's emissions have plateaued with no significant change in its value chain footprint. a b
What categories of Scope 3 emissions does Algonquin Power & Utilities disclose?
In 2023, Algonquin Power & Utilities reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Algonquin Power & Utilities's Scope 3 emissions?
In 2023, the largest contributors to Algonquin Power & Utilities's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 2,073,422 tCO₂e (43.25%)
- Investments (Cat. 15): 1,668,464 tCO₂e (34.81%)
- Fuel- and Energy-Related Services (Cat. 3): 1,051,669 tCO₂e (21.94%)
Algonquin Power & Utilities's Scope 3 Emissions by Categories
Insights into Algonquin Power & Utilities’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Algonquin Power & Utilities reported Scope 1 greenhouse gas (GHG) emissions of 2,081,332 tCO₂e and total revenues of USD 2,698 millions. This translates into an emissions intensity of 771.43 tCO₂e per millions USD. a
Algonquin Power & Utilities's Scope 1 Emissions Intensity Compared to Peers
How does Algonquin Power & Utilities's GHG emissions intensity compare to its peers?
In 2023, Algonquin Power & Utilities reported a Scope 1 emissions intensity of 771.43 tCO₂e per millions USD. Compared to the peer group median of 340.8 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Algonquin Power & Utilities rank on GHG emissions intensity within its industry?
In 2023, Algonquin Power & Utilities ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Algonquin Power & Utilities is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Algonquin Power & Utilities's Total Carbon Footprint
In 2023, Algonquin Power & Utilities reported a total carbon footprint of 6,963,624 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.59% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to Algonquin Power & Utilities's total carbon footprint was Scope 3 emissions, accounting for 68.84% of the company's total carbon footprint, followed by Scope 1 emissions at 29.89%. a