AQNB

Algonquin Power & Utilities Corp. (AQNB) ESG Analysis Analysis (2026)

Invetso Score: 5.4/10 — Balanced · Last Updated: 2026-10-01

Environmental

AQNB’s zero reported R&D intensity suggests limited innovation-led environmental efficiency, leaving it behind peers that invest more consistently in lower-impact processes.

The company’s environmental profile cannot be assessed as strong from the provided metrics, because no emissions, energy, or waste disclosures are available versus peers.

Gross margin strength does not directly indicate environmental leadership, so AQNB’s environmental positioning remains neutral relative to peers on material ESG evidence.

Absent sustainability-specific capital allocation data, AQNB appears less transparent than peers that disclose measurable decarbonization or resource-efficiency initiatives.

Social

AQNB’s low stock-based compensation burden suggests restrained dilution, but it provides limited evidence of stronger workforce alignment than peers on broader social metrics.

No employee, safety, turnover, or customer-impact disclosures were provided, so AQNB cannot be shown to outperform peers on material social risk management.

The absence of reported social KPIs weakens comparability versus peers with clearer disclosure on labor practices, diversity, and human-capital development.

AQNB’s social positioning is therefore middling, with no visible controversy but also no disclosed advantage over better-reporting peers.

Governance

AQNB’s debt-to-equity ratio of 1.44 and net debt-to-EBITDA of 7.19 indicate higher balance-sheet leverage than many peers, increasing governance oversight pressure.

Low stock-based compensation at 0.25% of revenue suggests relatively disciplined executive dilution, which is a modest governance positive versus peers.

The provided metrics do not include board independence, audit quality, or shareholder-rights data, limiting evidence of governance strength relative to peers.

Overall governance appears mixed, because compensation discipline is offset by elevated leverage and limited disclosure on core oversight practices.

Overall Score

AQNB’s ESG positioning is broadly average versus peers, with modest compensation discipline offset by limited disclosure and elevated leverage-related governance pressure.

Score Driver: Limited ESG Disclosure Across Environmental And Social Dimensions

Sources

  • Company filings (10-K, 10-Q, investor presentations)
  • Financial and market data providers
  • Public news and industry information

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