Already working at the heart of the transition to renewable energy, Boralex has chosen to develop an ambitious CSR strategy. "We're at the beginning of an extraordinary phase in renewable energy development, but this development will be in vain if it is not in line with the goal of preserving the planet, and respecting the living," said Patrick Decostre.
For Boralex, CSR is a critical component for both new opportunities—especially for companies that have made carbon neutral commitments—and new expectations, because consumers are now looking for responsible energy suppliers whose commitments go beyond the production of renewable energy production. Together, these elements make CSR an obvious development to Boralex.
The company has developed a three-pronged strategy that groups a total of 10 issues outlined in Boralex's first CSR report, Beyond Renewable Energy, released in February. These issues cover not only the environmental aspects specific to the company's primary activities, but also the social, societal and corporate governance impacts of the organization's actions.
First concrete actions
Boralex has already begun to take concrete actions resulting from the adoption of this strategy, including hiring a Director of CSR, Mihaela Stefanov, who reports directly to the President and CEO.
The company also signed the Solar Energy Industry Association Pledge, an effort against forced labor practices in the solar industry. This
"These first steps create expectations and motivation for hard work ahead, but also bolster a commitment among our investors, current and future employees, stakeholders, partners and clients to keep our CSR goals at the forefront," said Patrick Decostre.
He also noted that the CSR strategy will be an integral part of the company's business strategy in the update of its strategic plan, which will be released on
Patrick Decostre also took the opportunity to highlight the fact that Boralex received a silver medal rating in
"This silver medal rating confirms our CSR strategy is not just about being a good corporate citizen. Our new customers have more and more expectations for us to keep focused on this work This is an encouraging signal for us to see we're on the right track—and for our investors it shows the seriousness and credibility of our approach," said Patrick Decostre. "The
About Boralex
Boralex develops, builds and operates renewable energy power facilities in
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