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.
We have demonstrated our prioritization of sustainability through the rollout of important ESG initiatives, such as our new enterprise-wide goal to achieve net-zero by 2050.
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.
Target of 75% renewable generation
Reduce GHG emissions by one million metric tons from 2017 levels - ACHIEVED
Add 2,000 MW of renewables between 2019 and 2023
Exceed 30% women in leadership roles
Achieve top-quartile customer service
Achieve top-quartile employee engagement
Embedding Sustainability into our compensation model - ACHIEVED
Build a robust compliance framework
Publish a TCFD aligned disclosure - ACHIEVED
Recognized in the Bloomberg Gender Equality Index – 2020, 2021, 2022
Inclusion in S&P TSX Composite ESG Index
Carbon Disclosure Project Legacy Responder
MSCI Rating increased to AA in 2019
AWEA 2020 Safety and Health Recognition Award – 2020
For more than 30 years, Algonquin has demonstrated an unwavering commitment to delivering clean energy and water solutions.
Our continued growth in earnings and cash flows has supported over ten consecutive years of double-digit dividend growth.