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 greenhouse gas emissions by 70 per cent since 2015. Our growth strategy is focused on meeting the needs of our customers for reliable, affordable and sustainable generation.
TransAlta has over 114 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 60 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 ~3,600 MW in 2024.
- 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 greenhouse gas emissions by 22.7 million tonnes of CO2e or 70 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 is focused on the operation of our existing assets (wind, hydro, solar, natural gas, battery storage and coal), the phase-out of coal-fired electricity generation, the development of renewable energy and storage, and the use of natural gas generation to ensure reliability.
Climate Change Disclosure and Reporting
The climate change reporting within TransAlta’s Annual Integrated Report is partially guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures and 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 report:
- TransAlta’s 2024 Integrated Report (pages M92-M111)
- Task Force on Climate-related Financial Disclosures (page M78)
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.
