Energy transition is at the core of our business
The energy transition required to combat climate change is at the core of TransAlta’s strategy. Our transition from coal to natural gas has reduced our company’s emissions by more than 66 per cent since 2015. Our growth strategy is focused on meeting the needs of our customers for renewable generation and energy storage.
TransAlta has over 112 years of experience building and operating renewable energy facilities and we are putting this expertise to work as we deliver energy transition solutions for our customers. Today, we operate over 58 renewable and energy storage facilities across Canada, the US and Australia.
How have we have demonstrated leadership through action on climate change-related issues?
- We are one of the largest wind producers in Canada: Today, we are proud to be one of the largest producers of wind power in Canada and the largest producer of hydro power in Alberta – we have grown our nameplate renewable energy capacity from approximately 900 MW in 2000 to ~3,000 MW in 2023.
- We’ve boldly reduced our GHG emissions: Our business demonstrates climate change resiliency by reducing GHG emissions – we have a target to reduce annual CO2e emission by 75 per cent over 2015 levels by 2026. Since 2015, we have reduced our annual emissions by 22 million tonnes of CO2e or 66 per cent, putting us on track to achieve our 2026 target.
- We have a tangible decarbonization strategy: As a leader in North American renewable electricity, we are well-positioned to build renewable energy facilities and energy storage facilities to support customer decarbonization goals. Our strategy involves retiring our single remaining coal unit by the end of 2025 and achieving a 100 per cent mix of renewables and natural gas with 70 per cent of EBITDA from renewables by 2028.
Climate change disclosure and reporting
The climate change reporting within TransAlta’s Annual Integrated Report is guided by the Task Force on Climate-related Financial Disclosures (TCFD). This framework helps inform discussion and provides context on how climate change affects our business.
See TransAlta’s climate change reports:
Learn more about our sustainability targets and performance
Our targets and performance reports highlight our current and future ESG value proposition and demonstrate how we will continue to be positioned as an ESG leader in the future.
