Quebec-based renewable energy outfit Boralex Inc. has been awarded a gold medal by EcoVadis, a sustainable development and corporate social responsibility (CSR) rating agency. Thanks to the company’s activities in France, Boralex improved its previous score to 69/100, qualifying it for a gold medal.
As the largest independent producer of onshore wind power in France, Boralex has been building an impressive portfolio of projects in the region. The latest award from EcoVadis puts it in the 95th percentile of similar businesses assessed by the agency. It had previously received a ‘silver’ designation in 2021 with a score of 65/100, ranking it in the 92nd percentile for the very first time.
Some of the notable achievements that stood out in particular were its CO2 emissions record, responsible sourcing, and measures supporting diversity, inclusion, and equal opportunity. The Canadian company also has numerous projects in the pipeline when it comes to green energy projects in France. Part of its strategic plan is to increase the installed capacity to 1.8 GW in 2025, and up to 3 GW in 2030.
The latest gold medal award underscores the immense efforts being put into CSR by Boralex over the past year. Commenting about the gold medal, Mihaela Stefanov, Director, Corporate Social Responsibility at Boralex, said, “In 2021, we made a commitment to become a CSR reference for our industry partners. This EcoVadis recognition is a testament to our team’s amazing and sustained work.”
Nicolas Wolff, Vice-President and General Manager, Boralex Europe, was also upbeat about the recognition from EcoVadis stating, “At Boralex, not only do we produce renewable energy, but we produce it responsibly. This new award reaffirms Boralex’s contribution to a fair and sustainable energy transition.”
Boralex was also recently in the news after Energy Infrastructure Partners (EIP), a sustainable energy infrastructure investment firm, completed the investment of 30 per cent in Boralex’s renewable assets. The company has numerous facilities spread across Canada, France, United Kingdom and the United States of America.
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