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Net-Zero 2050

Rooted in our purpose of sustaining energy and water for life, we have established a net-zero by 2050 target for our business operations.

The achievement of our net-zero target is supported by our strong decarbonization track record, extensive experience in regulated utility management, and deep expertise in renewables development.

The pathway to net-zero by 2050

Our 2050 net-zero pathway is based on analysis performed on Algonquin’s assets and incorporates emissions reduction opportunities while assuming a supportive regulatory environment as well as the commercial viability of emerging technologies.

The line graph shows that every year between and including 2017 and 2050, the emission are reduced from 3,250,000 tonnes to zero.

Net-zero emissions reduction opportunities and technology innovations

Greening the Fleet
Transitioning to renewable generation

Heating with green fuels
Introducing RNG and green hydrogen to our distribution network

Fugitive emissions capture
Incorporating innovative technologies

Pipe leak reduction
Upgrading and replacing infrastructure

T&D loss avoidance
Upgrading and replacing infrastructure

Replace grid electricity with renewable electricity
Enhancing behind-the-meter solutions

Regulatory engagement
Working with governments and regulators to develop effective Integrated Resource Plans (IRPs)

Net-zero interim targets2

We will continue to develop and announce interim targets as we progress our work affirming that the transition to net-zero meets the needs of our stakeholders.

63% of 75% target renewable generation by the end of 2023
Achieved reduced GHG emissions by one million metric tonnes from 2017 levels
Add 2,000 MW of renewables between 2019 and the end of 2023, 1,418 MW is completed and 414 MW is under construction.

Demonstrated Track Record

Algonquin is dedicated to its role as a steward of energy and water assets, and has demonstrated significant emissions reduction results to date.

Algonquin's enterprise greenhouse gas emissions were reduced by 31% from 2017 through 2020.1
Algonquin’s mid-west operations emissions were reduced by 33% from 2017 through 2020.
Algonquin’s California-based electric operations’ emissions have been reduced by 38% through 2020.

Our ESG evolution

Birds eye view of green forest

Sustainability is a key foundation of our business and is one of our three strategic pillars. It underpins the way we operate our business, whether through investments, acquisitions, or day-to-day operations.

Together, our team members work towards bringing enthusiastic and diverse perspectives to continuously improve our strategic planning, reporting processes, and foster positive ESG impacts in our communities.

Our 2021 ESG Report, coupled with our net-zero by 2050 target, aims to take Algonquin’s ESG evolution one step further.

For more information download our 2021 ESG Report.

1 Calculation includes preliminary base year emissions estimates for ESSAL (Chile) and Ascendant (Bermuda), each acquired in 2020.  These annualized estimates are based on actual emissions data for these entities during the 2020 post-acquisition period. Formal base year recalculations for ESSAL and Ascendant are expected to be performed in connection with Algonquin’s 2021 calendar year ESG disclosure.

2 As of August 31, 2021.

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