GE Power NZ Holdings Pty Ltd Sustainability Profile
GE Power NZ Holdings Pty Ltd, a subsidiary of General Electric, is headquartered in Australia and operates extensively across New Zealand and the Asia-Pacific region. Founded in the early 20th century, the company has established itself as a leader in the energy sector, focusing on innovative solutions in power generation and distribution. Specialising in advanced technologies for gas and steam turbines, GE Power NZ Holdings is renowned for its commitment to efficiency and sustainability. The company’s unique offerings include digital solutions that enhance operational performance and reduce emissions, positioning it as a key player in the transition to cleaner energy. With a strong market presence, GE Power NZ Holdings has achieved significant milestones, including numerous successful projects that underscore its expertise in the energy industry. Its dedication to innovation and reliability continues to drive its reputation as a trusted partner in power solutions.
DitchCarbon Score
How does GE Power NZ Holdings Pty Ltd'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 Rail Transport 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
GE Power NZ Holdings Pty Ltd's score of 46 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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GE Power NZ Holdings Pty Ltd, headquartered in Australia, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of General Electric Company, which cascades its climate commitments and targets down through its corporate structure. While no direct emissions data is available, GE Power NZ Holdings is aligned with the sustainability initiatives of its parent company, General Electric Company. This includes participation in various climate-related initiatives such as the Science Based Targets initiative (SBTi), CDP, and RE100, all of which are cascaded from General Electric Company. These initiatives aim to drive significant reductions in greenhouse gas emissions across their operations. As part of its commitment to sustainability, GE Power NZ Holdings is expected to adhere to the broader climate strategies set forth by its parent company, which include ambitious targets for reducing emissions and transitioning to renewable energy sources. However, specific reduction targets or achievements for GE Power NZ Holdings are not detailed in the available data. In summary, while GE Power NZ Holdings Pty Ltd does not provide specific emissions data or reduction targets, it is part of a larger corporate family that is actively engaged in climate commitments and sustainability initiatives through General Electric Company.
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| 2019 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 367,595,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 512,753,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,063,000,000,000 | 0,000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is GE Power NZ Holdings Pty Ltd's Industry?
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GE Power NZ Holdings Pty Ltd's Scope 3 Categories Breakdown
GE Power NZ Holdings Pty Ltd's Scope 3 emissions, which decreased by 29% last year and decreased by approximately 61% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
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GE Power NZ Holdings Pty Ltd's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
GE Power NZ Holdings Pty Ltd has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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