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Algonquin Power & Utilities Corp
Algonquin Power & Utilities's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 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.  c | 0000000 |
Total Scope 2 | ||||
Market-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.  | 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.  c | 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.  c | 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.  c | 0000000 |
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cVerified Sources Behind Algonquin Power & Utilities’s Greenhouse Gas (GHG) Emissions Data
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Insights into Algonquin Power & Utilities's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofAlgonquin Power & Utilities amounted to1,995,103metric 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 2023, the total operational greenhouse gas (GHG) emissions of Algonquin Power & Utilitiesdecreased by 8.06%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
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 2024, the total Scope 1 emissions of Algonquin Power & Utilities were 1,913,781 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Algonquin Power & Utilities reduced its Scope 1 emissions over time?
Since 2019, Algonquin Power & Utilities's Scope 1 emissions have decreased by 42.12%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year(2023), Algonquin Power & Utilities's Scope 1 emissions decreased by 8.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are Algonquin Power & Utilities's Scope 2 emissions?
In 2024, Algonquin Power & Utilities reported Scope 2 greenhouse gas (GHG) emissions of 81,322 tCOâ‚‚e using the market-based method and 81,322 tCOâ‚‚e 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 remained relatively stable, indicating that Algonquin Power & Utilities's emissions have plateaued with no significant change in its energy consumption footprint.ad
Compared to the previous year(2023), 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.ab
What methodology does Algonquin Power & Utilities use for Scope 2 reporting?
In 2024, 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 2024, Algonquin Power & Utilities reported 4,716,304 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Algonquin Power & Utilities includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, 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 2024, Algonquin Power & Utilities reported total Scope 3 emissions of 4,716,304 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 22.27%of these emissions originated from upstream activities such as purchased goods and capital goods, while 77.73%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 emissionshave increased by 23.43%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), 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.ab
What categories of Scope 3 emissions does Algonquin Power & Utilities disclose?
In 2024, 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 2024, the largest contributors to Algonquin Power & Utilities's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 2,128,403 tCOâ‚‚e(45.13%)
- Investments (Cat. 15): 1,537,771 tCOâ‚‚e(32.61%)
- Fuel- and Energy-Related Services (Cat. 3): 1,050,130 tCOâ‚‚e(22.27%)
Algonquin Power & Utilities's Scope 3 Emissions by Categories
Insights into Algonquin Power & Utilities’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Algonquin Power & Utilities reported Scope 1 greenhouse gas (GHG) emissions of 1,913,781 tCOâ‚‚e and total revenues of USD 3,198 millions. This translates into an emissions intensity of 598.34 tCOâ‚‚e 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 2024, Algonquin Power & Utilities reported a Scope 1 emissions intensity of 598.34 tCOâ‚‚e per millions USD. Compared to the peer group median of 271.23, 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 2024, Algonquin Power & Utilities ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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 2024, Algonquin Power & Utilities reported a total carbon footprint of 6,711,407 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.62% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Algonquin Power & Utilities's total carbon footprint was Scope 3 emissions, accounting for 70.27% of the company's total carbon footprint, followed by Scope 1 emissions at 28.52%.a