2025+ Sustainability
Targets
Our sustainability targets support the long-term success of our business. The targets in our 2024 Integrated Report (page M86) outline our ESG commitments including climate change, diversity and water use.
These goals and targets manage key and emerging material sustainability issues and improve our performance in these areas.
We continue to evolve and adapt our goals and targets to focus on anticipated key areas of sustainability materiality.
We establish our goals and targets with reference to the United Nation’s Sustainable Development Goals. This focus ensures our goals and targets are:
- Meaningful in the broader context of solving societal problems
- Support the ambition of achieving a more sustainable planet in the future
- Ensure TransAlta’s competitiveness both today and in the future
2024 Sustainability
Performance
TransAlta has been reporting on sustainability for over 30 years. We report our sustainability information in our Integrated Annual Report, which combines our sustainability and financial performance. This is an industry-leading practice and TransAlta is one of few companies to do this in North America.
This is an industry-leading practice and TransAlta is one of few companies to do this in North America.
We believe sustainability impacts should be evaluated, managed, and communicated alongside our financial impacts and in turn, show their impact on financial, environmental and societal value.
Our reporting is partially guided by leading sustainability reporting frameworks to help inform discussion and provide context on how sustainability affects our business. These include:
- Integrated Reporting (IR)
- Global Reporting Initiative (GRI)
- Sustainability Accounting Standards Board (SASB)
- Task Force on Climate-related Financial Disclosures (TCFD)
- International Sustainability Standards Board
- Taskforce on Nature-related Financial Disclosures
We continue to monitor the development of sustainability disclosure standards to assess our future reporting.
Environment
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 ~3600 MW in 2024.
Reduced our annual emissions by 70% from 2015 levels
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 22.7 million tonnes of CO2e or 70 per cent, putting us on track to achieve our 2026 target.
Leadership in sustainability disclosure
In 2024, TransAlta received an award for best ESG reporting (mid-cap) by the IR Magazine Canada. We also received the Sustainability, ESG and Purpose Award from the Governance Professionals of Canada. This award underscores our commitment to embedding sustainability
into our governance, strategy and risk management practices.
A description of the specific set of criteria and/or methodology used by the IR Magazine Canada can be found here. The Governance Professionals of Canada 2024 Report of the Judges can be found here.
Social
In 2021, TransAlta’s Equity, Diversity and Inclusion Council developed our five-year ED&I strategy to achieve the goals and set out a course to attaining the aspirations set out in our Equity, Diversity and Inclusion Pledge.
- In 2022, we achieved a certification from Diversio for our commitment to measuring, tracking and improving Equity, Diversity and Inclusion.
- In 2023, TransAlta was once again added to the Bloomberg Gender-Equality Index – recognition of our focus on Equity, Diversity and Inclusion.
- In 2024, we provided more than $320,000 to support Indigenous youth, education and employment programs, representing 11 per cent of TransAlta’s total community investment.
- Our Community Investments totaled approximately $2.9 million in 2024, including donations to community organizations like the United Way and many more.
Governance
In 2024, TransAlta maintained memberships in leading sustainability organizations and working groups, including the IFRS Sustainability Alliance, the Trellis Network (formerly GreenBiz), and Electricity Canada’s Sustainable Electricity Steering Committee and Climate Change Adaptation Committee. These memberships reinforce our sustainability strategy, providing validation, support, and industry collaboration.
Find the policies and codes of conduct that help govern sustainability at TransAlta on the Governance page.
