Sustainability

Our vision of sustainability is centered on our three strategic pillars; growth, operational excellence and sustainability leadership.

With more than 30 years of experience developing and operating renewable and clean energy facilities, Algonquin was centered on a sustainable business model long before the green economy became the market focus that it is today.

Sustainability, to us, means meeting the needs of the present without compromising the ability of future generations to meet their own needs. It means leaving the planet in as good or in a better state for our children than the state we found it in – ensuring a healthy world for generations to come.

Photo collage of renewable resources and nature

2023 ESG Goals

Our Sustainability Plan is built on an ambitious set of goals to be achieved by 2023. We are confident in our performance against these goals, and as our deadline approaches, we are re-examining our performance measures and working to refresh our goals to take on a longer-term perspective.

Environment

Target of 75% renewable generation

Reduce GHG emissions by one million metric tons from 2017 levels

Add 2,000 MW of renewables between 2019 and 2023

Social

Exceed 30% women in leadership roles

Achieve top-quartile customer service

Achieve top-quartile employee engagement

Governance

Embedding Sustainability into our compensation model

Build a robust compliance framework

Publish a TCFD aligned disclosure

How We Create Value

 

We build for the future.
We ensure ongoing access to affordable, reliable, sustainable and modern energy and water services for all.

 

We act for our environment.
We take tangible action to reduce the environmental impacts of our daily operations and the delivery of our services.

 

Inspire our communities.
We work in the best interests of our communities – our customers, our people and our shareholders – to help them grow and prosper in a sustainable and responsible way.

Awards & Recognition

  • Recognized in the Bloomberg Gender Equality Index – 2020, 2021

  • Inclusion in S&P TSX Composite ESG Index

  • Ranked #10 in Corporate Knights’ Global 100 Most Sustainable Companies – 2020

  • Carbon Disclosure Project Legacy Responder

  • MSCI Rating increased to AA in 2019

  • Ranked Top 10 in the Corporate Knights Best 50 Corporate Citizens in Canada - 2019, 2020

  • AWEA 2020 Safety and Health Recognition Award – 2020