Canadian Utilities Ltd

Common Name
Canadian Utilities
Country
Canada
Sector
Utilities
Industry
Utilities - Diversified
Employees
9,084
Ticker
CU
Exchange
TORONTO STOCK EXCHANGE
Description
Canadian Utilities Ltd. is a key player in the utility sector, primarily engaged in electricity and natural gas transmissions and distributions. As part of the Atco Group, Canadian Utilities Ltd. focu...

Canadian Utilities's GHG Emissions Data Preview

In 2024, Canadian 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).

Canadian Utilities has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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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 Canadian 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 Canadian Utilities’s data sources below and access millions more through our Disclosure Search.

a. Canadian Utilities's ESG Data Spreadsheet 2024
a. Canadian Utilities's ESG Data Spreadsheet 2024

Insights into Canadian Utilities's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Canadian Utilities amounted to 878,000 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 2023, the total operational greenhouse gas (GHG) emissions of Canadian Utilities increased by 0.92%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Canadian Utilities's Scope 1 Emissions Over Time

202020212022202320240250 k500 k750 k1 MtCO2e-15%+6%-12%+2%
  • Total Scope 1
  • Year-over-Year Change

What are Canadian Utilities's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Canadian Utilities were 696,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Canadian Utilities reduced its Scope 1 emissions over time?

Since 2020, Canadian Utilities's Scope 1 emissions have decreased by 18.98%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Canadian Utilities's Scope 1 emissions increased by 2.05%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Canadian Utilities's Scope 2 emissions?

In 2024, Canadian Utilities reported Scope 2 greenhouse gas (GHG) emissions of 182,000 tCO₂e without specifying the calculation method. a

Has Canadian Utilities reduced its Scope 2 emissions over time?

Since 2020, Canadian Utilities's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 25.1%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Canadian Utilities's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Canadian Utilities 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Canadian Utilities use for Scope 2 reporting?

In 2024, Canadian Utilities reported its Scope 2 emissions using an unspecified methodology. a

Canadian Utilities's Scope 2 Emissions Over Time

20202021202220232024065 k130 k195 k260 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Canadian Utilities's Value Chain Emissions

In 2024, Canadian Utilities reported 23,150,000 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 2024 disclosure of Canadian Utilities includes a breakdown across 2 of 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

Canadian Utilities's Scope 3 Emissions Over Time

2020202120222023202406.5 M13 M19.5 M26 MtCO2e+2%-1%-4%-1%
  • Total Scope 3
  • Year-over-Year Change

What are Canadian Utilities's Scope 3 emissions?

In 2024, Canadian Utilities reported total Scope 3 emissions of 23,150,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 30.73% of these emissions originated from upstream activities such as purchased goods and capital goods, while 69.27% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Canadian Utilities reduced its Scope 3 emissions over time?

Since 2020, Canadian Utilities's Scope 3 emissions have remained relatively stable, indicating that Canadian Utilities 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2023), Canadian Utilities's Scope 3 emissions remained relatively stable, indicating that Canadian Utilities 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Canadian Utilities disclose?

In 2024, Canadian Utilities reported emissions for 2 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 Canadian Utilities's Scope 3 emissions?

In 2024, the largest contributors to Canadian Utilities's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 16,036,000 tCO₂e (69.27%)
  • Fuel- and Energy-Related Services (Cat. 3): 7,114,000 tCO₂e (30.73%)

Canadian Utilities's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(69.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(30.7%)

Insights into Canadian Utilities’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Canadian Utilities reported Scope 1 greenhouse gas (GHG) emissions of 696,000 tCO₂e and total revenues of USD 2,601 millions. This translates into an emissions intensity of 267.56 tCO₂e per millions USD. a

Canadian Utilities's Scope 1 Emissions Intensity Compared to Peers

202,000100,0005,000,000500,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)RENYear: 2023Scope 1: 29,437 tCO2eRevenue: $M 1,049Scope 1 Intensity: 28.06 tCO2e/$MNorthland Power Inc (Ontario)Year: 2023Scope 1: 1,331,284 tCO2eRevenue: $M 1,687Scope 1 Intensity: 789.36 tCO2e/$MMarafiqYear: 2024Scope 1: 7,303,754 tCO2eRevenue: $M 1,833Scope 1 Intensity: 3,985.37 tCO2e/$MHeraYear: 2024Scope 1: 1,177,000 tCO2eRevenue: $M 13,589Scope 1 Intensity: 86.62 tCO2e/$MEDPYear: 2024Scope 1: 1,458,320 tCO2eRevenue: $M 15,574Scope 1 Intensity: 93.64 tCO2e/$MA2AYear: 2024Scope 1: 4,620,312 tCO2eRevenue: $M 13,081Scope 1 Intensity: 353.22 tCO2e/$MALLETEYear: 2023Scope 1: 4,288,000 tCO2eRevenue: $M 1,880Scope 1 Intensity: 2,281.09 tCO2e/$MRWEYear: 2024Scope 1: 53,242,042 tCO2eRevenue: $M 25,208Scope 1 Intensity: 2,112.12 tCO2e/$MYTL Power InternationalYear: 2023Scope 1: 3,921,000 tCO2eRevenue: $M 4,690Scope 1 Intensity: 836.04 tCO2e/$MSempraYear: 2023Scope 1: 6,800,000 tCO2eRevenue: $M 16,720Scope 1 Intensity: 406.70 tCO2e/$MAlgonquin Power & UtilitiesYear: 2023Scope 1: 2,081,332 tCO2eRevenue: $M 2,698Scope 1 Intensity: 771.43 tCO2e/$MAvistaYear: 2022Scope 1: 2,458,675 tCO2eRevenue: $M 1,710Scope 1 Intensity: 1,437.65 tCO2e/$MEVNYear: 2023Scope 1: 920,797 tCO2eRevenue: $M 3,981Scope 1 Intensity: 231.32 tCO2e/$MAceaYear: 2024Scope 1: 398,813 tCO2eRevenue: $M 4,242Scope 1 Intensity: 94.03 tCO2e/$MEnergy of Minas GeraisYear: 2024Scope 1: 42,861 tCO2eRevenue: $M 6,446Scope 1 Intensity: 6.65 tCO2e/$MAcwa PowerYear: 2023Scope 1: 63,750,000 tCO2eRevenue: $M 1,625Scope 1 Intensity: 39,222.78 tCO2e/$MEnelYear: 2024Scope 1: 20,210,000 tCO2eRevenue: $M 73,518Scope 1 Intensity: 274.90 tCO2e/$MAESYear: 2023Scope 1: 33,401,000 tCO2eRevenue: $M 12,668Scope 1 Intensity: 2,636.64 tCO2e/$MEnevaYear: 2023Scope 1: 2,709,612 tCO2eRevenue: $M 2,081Scope 1 Intensity: 1,302.38 tCO2e/$MZorlu Enerji Elektrik UretimYear: 2024Scope 1: 714,385 tCO2eRevenue: $M 839Scope 1 Intensity: 851.90 tCO2e/$MTelecom PlusYear: 2024Scope 1: 80 tCO2eRevenue: $M 2,573Scope 1 Intensity: 0.03 tCO2e/$MOrigin EnergyYear: 2024Scope 1: 15,555,000 tCO2eRevenue: $M 10,656Scope 1 Intensity: 1,459.74 tCO2e/$MAtcoYear: 2024Scope 1: 713,000 tCO2eRevenue: $M 3,436Scope 1 Intensity: 207.54 tCO2e/$ME.ONYear: 2024Scope 1: 1,980,000 tCO2eRevenue: $M 83,373Scope 1 Intensity: 23.75 tCO2e/$MCanadian UtilitiesYear: 2024Scope 1: 696,000 tCO2eRevenue: $M 2,601Scope 1 Intensity: 267.56 tCO2e/$M

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

In 2024, Canadian Utilities reported a Scope 1 emissions intensity of 267.56 tCO₂e per millions USD. Compared to the peer group median of 589.06 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Canadian Utilities rank on GHG emissions intensity within its industry?

In 2024, Canadian Utilities ranked 10 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Canadian Utilities's Total Carbon Footprint

In 2024, Canadian Utilities reported a total carbon footprint of 24,028,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.03% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Canadian Utilities's total carbon footprint was Scope 3 emissions, accounting for 96.35% of the company's total carbon footprint, followed by Scope 1 emissions at 2.9%. a

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