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Boralex Inc

Common Name
Boralex
Country
Canada
Sector
Utilities
Industry
Utilities - Renewable
Employees
868
Ticker
BLX
Exchange
TMX Group Inc.
Description
Boralex Inc. is a prominent player in the renewable energy sector, primarily focusing on the development, construction, and operation of renewable power facilities. The company specializes in energy g...

Boralex's GHG Emissions Data Preview

In 2023, Boralex 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).

However, Boralex has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020-2019
Total Scope 1
1,227a
1,214a
24,759a
Total Scope 2
Unspecified Calculation Method
1,710a
2,276a
2,351a
Total Scope 3
66,354a
98,602a
N/A
Total Scope 1 Revenue Intensity (tCO2e/$M)
1.5894a
1.9654a
45.2808a
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Verified Sources Behind Boralex’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 Boralex’s data sources below and access millions more through our Disclosure Search.

a. Boralex's CSR Report 2023

Insights into Boralex's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Boralex amounted to 2,937 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 Boralex decreased by 15.85%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Boralex's Scope 1 Emissions Over Time

2020202120222023015 k30 k45 k60 ktCO2e-56%-95%+1%
  • Total Scope 1
  • Year-over-Year Change

What are Boralex's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Boralex were 1,227 metric tons of CO₂ equivalent (tCO₂e).a

Has Boralex reduced its Scope 1 emissions over time?

Since 2020, Boralex's Scope 1 emissions have decreased by 97.83%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2022), Boralex's Scope 1 emissions increased by 1.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Boralex's Scope 2 emissions?

In 2023, Boralex reported Scope 2 greenhouse gas (GHG) emissions of 1,710 tCO₂e without specifying the calculation method.a

Has Boralex reduced its Scope 2 emissions over time?

Since 2020, Boralex's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 37.24%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2022), Boralex's Scope 2 emissions (Unspecified Calculation Method) fell by 24.87% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Boralex use for Scope 2 reporting?

In 2023, Boralex reported its Scope 2 emissions using an unspecified methodology.a

Boralex's Scope 2 Emissions Over Time

202020212022202306001.2 k1.8 k2.4 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Boralex's Value Chain Emissions

In 2023, Boralex reported 66,354 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 Boralex includes a breakdown across 0 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

Boralex's Scope 3 Emissions Over Time

20222023025 k50 k75 k100 ktCO2e-33%
  • Total Scope 3
  • Year-over-Year Change

What are Boralex's Scope 3 emissions?

In 2023, Boralex reported total Scope 3 emissions of 66,354 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2022), Boralex's Scope 3 emissions decreased by 32.71%, highlighting the company's efforts to lower indirect emissions from its value chain.a

Insights into Boralex’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Boralex reported Scope 1 greenhouse gas (GHG) emissions of 1,227 tCO₂e and total revenues of USD 772 millions. This translates into an emissions intensity of 1.59 tCO₂e per millions USD.a

Boralex's Scope 1 Emissions Intensity Compared to Peers

101,00050,0005,000,000200,000,000Scope 1 Emissions (tCO2e)502002,00010,00050,000Revenues (Millions of USD)Drax GroupYear: 2024Scope 1: 266,000 tCO2eRevenue: $M 7,631Scope 1 Intensity: 34.86 tCO2e/$MElectric Power DevelopmentYear: 2024Scope 1: 45,940,000 tCO2eRevenue: $M 8,307Scope 1 Intensity: 5,530.35 tCO2e/$MTohoku Electric PowerYear: 2024Scope 1: 32,477,000 tCO2eRevenue: $M 18,607Scope 1 Intensity: 1,745.44 tCO2e/$MFluence EnergyYear: 2024Scope 1: 20 tCO2eRevenue: $M 2,697Scope 1 Intensity: 0.01 tCO2e/$MEncavisYear: 2023Scope 1: 611 tCO2eRevenue: $M 520Scope 1 Intensity: 1.18 tCO2e/$MSeri IndustrialYear: 2024Scope 1: 5,266 tCO2eRevenue: $M 210Scope 1 Intensity: 25.11 tCO2e/$MChina Everbright GreentechYear: 2024Scope 1: 1,643,271 tCO2eRevenue: $M 898Scope 1 Intensity: 1,829.18 tCO2e/$MZorlu Enerji Elektrik UretimYear: 2024Scope 1: 714,385 tCO2eRevenue: $M 1,098Scope 1 Intensity: 650.85 tCO2e/$MRenovaYear: 2023Scope 1: 190 tCO2eRevenue: $M 252Scope 1 Intensity: 0.75 tCO2e/$MEnergy AbsoluteYear: 2025Scope 1: 34,199 tCO2eRevenue: $M 414Scope 1 Intensity: 82.69 tCO2e/$MVoltaliaYear: 2025Scope 1: 42,810 tCO2eRevenue: $M 691Scope 1 Intensity: 61.94 tCO2e/$MSerena EnergiaYear: 2024Scope 1: 4,224 tCO2eRevenue: $M 668Scope 1 Intensity: 6.33 tCO2e/$MXinyi Energy HoldingsYear: 2023Scope 1: 345 tCO2eRevenue: $M 321Scope 1 Intensity: 1.08 tCO2e/$MNeoen FranceYear: 2023Scope 1: 2,157 tCO2eRevenue: $M 580Scope 1 Intensity: 3.72 tCO2e/$MEnlight Renewable EnergyYear: 2023Scope 1: 256 tCO2eRevenue: $M 256Scope 1 Intensity: 1.00 tCO2e/$MBarito Renewables EnergyYear: 2024Scope 1: 366,654 tCO2eRevenue: $M 597Scope 1 Intensity: 614.34 tCO2e/$MScatecYear: 2025Scope 1: 939 tCO2eRevenue: $M 360Scope 1 Intensity: 2.61 tCO2e/$MTerna Energy SMSAYear: 2024Scope 1: 445 tCO2eRevenue: $M 361Scope 1 Intensity: 1.23 tCO2e/$MPertamina Geothermal EnergyYear: 2024Scope 1: 92,223 tCO2eRevenue: $M 407Scope 1 Intensity: 226.53 tCO2e/$MSJVNYear: 2025Scope 1: 476 tCO2eRevenue: $M 355Scope 1 Intensity: 1.34 tCO2e/$MSolariaYear: 2024Scope 1: 469,600 tCO2eRevenue: $M 184Scope 1 Intensity: 2,550.91 tCO2e/$MAlupar InvestimentoYear: 2023Scope 1: 110,418 tCO2eRevenue: $M 683Scope 1 Intensity: 161.73 tCO2e/$MERGYear: 2025Scope 1: 1,338 tCO2eRevenue: $M 874Scope 1 Intensity: 1.53 tCO2e/$MNorthland Power Inc (Ontario)Year: 2024Scope 1: 1,425,978 tCO2eRevenue: $M 1,631Scope 1 Intensity: 874.27 tCO2e/$MBoralexYear: 2023Scope 1: 1,227 tCO2eRevenue: $M 772Scope 1 Intensity: 1.59 tCO2e/$M

How does Boralex's GHG emissions intensity compare to its peers?

In 2023, Boralex reported a Scope 1 emissions intensity of 1.59 tCO₂e per millions USD. Compared to the peer group median of 29.98, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Boralex rank on GHG emissions intensity within its industry?

In 2023, Boralex ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Boralex is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Boralex's Total Carbon Footprint

In 2023, Boralex reported a total carbon footprint of 69,291 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 32.13% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Boralex's total carbon footprint was Scope 3 emissions, accounting for 95.76% of the company's total carbon footprint, followed by Scope 2 emissions at 2.47%.a

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