AltaGas
Climate Impact & Sustainability Data (2021, 2024, Q1 2023)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:150 MWh/year
Water Consumption:100 megalitres/year
Waste Generated:340 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 150 MWh of renewable energy generated (equivalent to 40 households' annual electricity consumption)
- 100 megalitres of water saved & treated (equivalent to 640 households' annual water consumption)
- 340 tonnes of materials recovered & treated (equivalent to 360 households' annual waste)
- -1,920 tonnes of net CO2 impact
Social Achievements
- 2 affordable units financed
- 11 education loans financed
- 3 graduate loans financed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Social Capital
- Natural Capital
- Net-Zero Alignment
Climate Goals & Targets
Long-term Goals:
- Net-zero alignment across portfolio.
Medium-term Goals:
- Reduce methane emissions 30% by 2030 (aligned with Global Methane Pledge).
Short-term Goals:
- Eliminate commodity-driven deforestation in portfolio by 2025 (focus on palm oil, soy, beef, pulp & paper).
Environmental Challenges
- Data gaps limiting quality and comparable information from companies on nature-related issues.
- Uncertainty surrounding understanding and quantification of methane emissions, particularly in the oil and gas industry.
- Lack of consistent and comparable information published by companies about human rights issues.
Mitigation Strategies
- Developing an internal framework to articulate expectations of companies with high impacts and dependencies on nature.
- Pushing companies to improve their measurement and management of methane emissions, aligning with the Oil & Gas Methane Partnership (OGMP) 2.0 initiative.
- Conducting effective engagement to understand company context and evaluate risk in decision-making processes, utilizing resources like KnowTheChain.
Supply Chain Management
Responsible Procurement
- Encouraging companies to enhance disclosure on supply chain, audit, and human rights due diligence processes.
Climate-Related Risks & Opportunities
Transition Risks
- Increasingly stringent regulations
- Changing demand patterns
Opportunities
- Rapidly growing low-carbon solutions market
Reporting Period: Q1 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Energy Transition
Climate Goals & Targets
Environmental Challenges
- Balancing emissions reduction targets across midstream (intensity target) and utilities (absolute target) businesses.
- Customer affordability in a high inflation environment.
- Defining capital spending related to energy transition versus business-as-usual activities.
Mitigation Strategies
- AltaGas agreed to explore further disclosure around capital spending at the strategy level.
- AltaGas is striving to balance customer needs with transition goals.
- AltaGas agreed to consider joining the Oil & Gas Methane Partnership 2.0.