Algonquin Power & Utilities Corp

Common Name
Algonquin Power & Utilities
Country
Canada
Sector
Utilities
Industry
Utilities - Diversified
Employees
3,786
Ticker
AQN
Exchange
TORONTO STOCK EXCHANGE
Description
Algonquin Power & Utilities Corp. is a diversified international generation, transmission, and distribution utility company. It operates through two primary business units: Liberty Power, which focuse...

Algonquin Power & Utilities's GHG Emissions Data Preview

In 2022, 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)2022202120202019 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified 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.

a. Algonquin Power & Utilities's ESG Report 2023
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b. Algonquin Power & Utilities's ESG Report 2022
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Insights into Algonquin Power & Utilities's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Algonquin Power & Utilities amounted to 2,632,020 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 2021, the total operational greenhouse gas (GHG) emissions of Algonquin Power & Utilities increased by 10.6%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Algonquin Power & Utilities's Scope 1 Emissions Over Time

20192020202120220850 k1.7 M2.55 M3.4 MtCO2e-22%-12%+11%
  • Total Scope 1
  • Year-over-Year Change

What are Algonquin Power & Utilities's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Algonquin Power & Utilities were 2,542,820 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 23.1%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2021), Algonquin Power & Utilities's Scope 1 emissions increased by 11.4%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Algonquin Power & Utilities's Scope 2 emissions?

In 2022, Algonquin Power & Utilities reported Scope 2 greenhouse gas (GHG) emissions of 89,200 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 14.75%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2021), 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

What methodology does Algonquin Power & Utilities use for Scope 2 reporting?

In 2022, Algonquin Power & Utilities reported its Scope 2 emissions using the location-based method. a

Algonquin Power & Utilities's Scope 2 Emissions Over Time

2019202020212022025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based

Insights into Algonquin Power & Utilities's Value Chain Emissions

In 2022, Algonquin Power & Utilities reported 5,244,473 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 2022 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 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Algonquin Power & Utilities's Scope 3 Emissions Over Time

201920202021202201.5 M3 M4.5 M6 MtCO2e+32%+3%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Algonquin Power & Utilities's Scope 3 emissions?

In 2022, Algonquin Power & Utilities reported total Scope 3 emissions of 5,244,473 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 22.14% of these emissions originated from upstream activities such as purchased goods and capital goods, while 77.86% 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 37.25%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2021), 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

What categories of Scope 3 emissions does Algonquin Power & Utilities disclose?

In 2022, 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 2022, the largest contributors to Algonquin Power & Utilities's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 2,205,268 tCO₂e (42.05%)
  • Investments (Cat. 15): 1,878,009 tCO₂e (35.81%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,161,196 tCO₂e (22.14%)

Algonquin Power & Utilities's Scope 3 Emissions by Categories

Investments(Cat. 15)(35.8%)Use of Sold Products(Cat. 11)(42.0%)Fuel- andEnergy-RelatedServices (Cat. 3)(22.1%)

Insights into Algonquin Power & Utilities's Total Carbon Footprint

In 2022, Algonquin Power & Utilities reported a total carbon footprint of 7,876,493 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.7% increase compared to 2021, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Algonquin Power & Utilities's total carbon footprint was Scope 3 emissions, accounting for 66.58% of the company's total carbon footprint, followed by Scope 1 emissions at 32.28%. a

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