Diamond Energy
Diamond Energy, officially known as Diamond Energy Pty Ltd, is a prominent Australian energy retailer headquartered in Australia. Established in 2005, the company has made significant strides in the renewable energy sector, focusing on providing sustainable electricity solutions across various regions, including New South Wales, Victoria, and Queensland. Specialising in green energy, Diamond Energy offers a range of services, including electricity supply, solar energy solutions, and energy management systems. What sets them apart is their commitment to sourcing 100% renewable energy, ensuring that customers can reduce their carbon footprint while enjoying reliable service. With a strong market position, Diamond Energy has garnered recognition for its innovative approach to energy retailing and its dedication to environmental sustainability, making it a key player in Australia's transition to a greener energy future.
DitchCarbon Score
How does Diamond Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Diamond Energy's score of 18 is lower than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Diamond Energy's reported carbon emissions
In 2022, Diamond Energy reported total greenhouse gas emissions of approximately 166,010 kg CO2e, which includes 144,780 kg CO2e from Scope 1, 20,230 kg CO2e from Scope 2, and 2,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown includes 5,220 kg CO2e from employee commuting, 108,830 kg CO2e from purchased goods and services, and 1,660 kg CO2e from waste generated in operations. Diamond Energy has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2030, using 2018 as the base year. This target aligns with the Science Based Targets initiative (SBTi) and is classified as consistent with the reductions required to limit global warming to well below 2°C. The company also plans to measure and reduce its Scope 3 emissions, demonstrating a comprehensive approach to tackling its carbon footprint. As of 2023, no new emissions data has been disclosed, but the ongoing commitment to significant reductions reflects Diamond Energy's dedication to sustainability and climate action within the electric utilities sector in Australia.
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| 2022 | |
|---|---|
| Scope 1 | 144,780 |
| Scope 2 | 20,230 |
| Scope 3 | 2,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Diamond Energy is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
