Boralex Recognized for Sustainability Excellence
Boralex Inc. is excited to share its recent accolade, being named the top company in the prestigious ‘Best 50 Corporate Citizens’ ranking by Corporate Knights. This recognition underscores Boralex's unwavering commitment to sustainable development and corporate responsibility, which form the foundation of its business strategy.
Commitment to Renewable Energy
The essence of Boralex’s mission is to foster a renewable energy future. The company emphasizes the importance of creating a safe and inclusive work environment while striving to achieve net-zero emissions by the year 2050. As Patrick Decostre, the President and CEO of Boralex, stated, this recognition from Corporate Knights not only affirms their vision but also motivates them to enhance their efforts in the face of global climate risks.
Collaborative Success
This award is not just a reflection of Boralex's dedication but also a testament to the collaborative efforts of all stakeholders involved. Mihaela Stefanov, Senior Vice President of Enterprise Risk Management and Corporate Social Responsibility, highlighted that such accomplishments result from strong partnerships with host communities, clients, and investors. Boralex’s team is committed to embedding social responsibility into their core strategic decisions, fostering a more sustainable future.
Evaluating Corporate Impact
Corporate Knights conducts an annual assessment of nearly 350 Canadian companies based on 33 critical performance indicators related to sustainability. The methodology used by Corporate Knights is thoroughly documented on their platform. Boralex has particularly excelled in key areas for 2023, including sustainable revenue generation, investments in sustainability, and the implementation of mechanisms linking pay to sustainability outcomes.
Key Performance Indicators
- Sustainable revenue
- Sustainable investments
- Pay link mechanisms for sustainability
- Greenhouse gas (GHG) productivity
- Gender diversity on the board of directors
These critical indicators highlight Boralex's dedication to fostering responsible and impactful business practices.
Corporate Social Responsibility Initiatives
In February, Boralex introduced its latest Corporate Social Responsibility (CSR) Report, detailing numerous initiatives undertaken throughout the year. These initiatives included a review of talent acquisition processes aimed at promoting inclusive recruitment practices and recognition for its wind maintenance training program tailored for the Innu community. Additionally, Boralex’s greenhouse gas emission reduction targets garnered approval from the Science-based Targets Initiative, further solidifying its commitment to sustainability.
About Boralex
For over 30 years, Boralex has been at the forefront of providing affordable renewable energy. As a leader in the Canadian market and the foremost independent producer of onshore wind power in France, Boralex continues to expand its reach with operations in the United States and developmental projects in the United Kingdom. In the last five years, the company has impressively increased its installed capacity by over 50%, reaching a total of 3.2 GW. Boralex is actively engaged in developing a robust portfolio of projects across wind, solar, and storage sectors, demonstrating its commitment to both sustainable growth and addressing climate change.
Contact Information
Boralex encourages anyone seeking more information to contact its dedicated teams:
Media Inquiries:
Camille Laventure
Senior Advisor, Public Affairs and External Communications
Phone: 438 883-8580
Email: camille.laventure@boralex.com
Investor Relations:
Stéphane Milot
Vice President, Investor Relations and Financial Planning and Analysis
Phone: 514 213-1045
Email: stephane.milot@boralex.com
Frequently Asked Questions
What is Boralex known for?
Boralex is a leader in renewable energy production, primarily focusing on wind and solar energy projects in North America and Europe.
How did Boralex earn its recognition?
Boralex was awarded the title of the top corporate citizen by Corporate Knights, highlighting its commitment to sustainability and social responsibility.
What are Boralex’s sustainability goals?
The company is committed to achieving net-zero emissions by 2050 while promoting diversity and responsible business practices.
How does Boralex compare to other companies in Canada?
Corporate Knights evaluates numerous companies, and Boralex’s performance has placed it at the top of the list, reflecting its strong sustainability metrics.
Where can I find more information about Boralex?
Interested parties can visit Boralex’s official website for more detailed insights into its projects and corporate social responsibility initiatives.
