Corporate social responsibility: Boralex's ambitious greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi)
17 Ottobre 2024 - 2:30PM
Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is proud to
announce that it is one of the few companies in the renewable
energy sector to have its greenhouse gas (GHG) emissions reduction
targets validated by the Science Based Targets initiative (SBTi).
This recognition confirms that Boralex's commitment to reach
net-zero GHG emissions by 2050 across its entire value chain is
science-based and aligned with a trajectory to achieve the goals
set by the Paris Agreement of limiting global temperature increases
to less than 1.5oC.
“The validation of our targets by the SBTi is
perfectly in line with our strategic objective of becoming the
reference in corporate social responsibility (CSR) for our
partners. Today’s announcement consolidates our leadership role in
our industry, reinforces our commitment to produce renewable energy
in the best possible way, and resonates with our organizational
purpose, which aims to benefit future generations,” said Patrick
Decostre, President and CEO of Boralex.
“I’m extremely proud of the monumental work
carried out by many Boralex employees in recent years, which today
enables us to be among the first companies in our industry to have
our targets validated by the SBTi initiative. In addition to
representing concrete, ambitious and realistic actions to fight
climate change, this commitment shows that we are anticipating
market needs, including compliance with upcoming CSR regulatory
frameworks,” said Mihaela Stefanov, Senior Vice President,
Enterprise Risk Management and Corporate Social Responsibility.
To reach net-zero by 2050, the most ambitious
designation available through the SBTi process, Boralex has set
near- and long-term targets covering 100% of emissions from its
entire value chain (Scope 1, 2 and 3):
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Near-term: By 2030, Boralex is committed to reducing its absolute
Scope 1 and 2 emissions by 42% from a base year of 2022, and by
2028, to having 90% of its major component suppliers have
science-based reduction targets.
-
Long-term: By 2050, Boralex is committed to reducing its absolute
Scope 1 and 2 emissions by 90% and its Scope 3 emissions per kWh
produced and sold by 97%, from a base year of 2022.
To ensure that every kWh generated and produced
is as low-carbon as possible, Boralex relies, among other factors,
on the gradual electrification of its vehicle fleet, the
consumption of electricity from renewable sources at its sites and
buildings, and partnerships with strategic low-carbon
suppliers.
The validation of our targets by the SBTi, a
reputable global organization supported by 130 specialists based in
North America and Europe, is a central element in our overall CSR
and risk management strategy. Indeed, it was essential for Boralex
to go beyond a GHG emissions reduction objective by adopting an
action plan to achieve this objective that is concrete, realistic
and backed by a recognized authority. For more details on our CSR
commitments and actions, visit the Boralex website.
About Boralex
At Boralex, we have been providing affordable
renewable energy accessible to everyone for over 30 years. As
a leader in the Canadian market and France’s largest independent
producer of onshore wind power, we also have facilities in the
United States and development projects in the United Kingdom. Over
the past five years, our installed capacity has more than doubled
to over 3 GW. We are developing a portfolio of more than
6.8 GW in wind, solar projects and storage projects, guided by
our values and our corporate social responsibility (CSR) approach.
Through profitable and sustainable growth, Boralex is actively
participating in the fight against global warming. Thanks to our
fearlessness, our discipline, our expertise and our diversity, we
continue to be an industry leader. Boralex’s shares are listed on
the Toronto Stock Exchange under the ticker symbol BLX.
For more information, visit boralex.com or
sedarplus.com. Follow us on Facebook, Twitter, LinkedIn and
Instagram.
For more information
MEDIA |
INVESTOR RELATIONS |
Camille LaventureSenior Advisor, Public Affairs
and External CommunicationsBoralex
Inc.438 883-8580camille.laventure@boralex.com |
Stéphane MilotVice President, Investor
RelationsBoralex Inc.514
213-1045stephane.milot@boralex.com |
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Source: Boralex inc.
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