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Meg Energy Corporation, commonly referred to as Meg Energy, is a prominent player in the electrical machinery and apparatus sector, specifically within the category of electrical machinery and apparatus n.e.c. (31). Headquartered in Calgary, Alberta, Canada, the company has established a significant presence in the Canadian energy landscape since its founding in 1999.
Specialising in innovative energy solutions, Meg Energy focuses on the development and production of advanced electrical machinery, catering to a diverse range of industries. The company is recognised for its commitment to sustainability and efficiency, setting it apart in a competitive market. With a strong emphasis on technological advancement, Meg Energy has achieved notable milestones, solidifying its position as a leader in the sector.
26
DitchCarbon score
-4 vs industry average
Meg Energy’s score of 26 is lower than 44% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Electrical Machinery Manufacturing has above-average carbon intensity
Industry performance
0.315
20182025
The Electrical Machinery Manufacturing industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Meg Energy's reported carbon emissions
MEG Energy, headquartered in CA, operates in the Electrical machinery and apparatus n.e.c. industry. The company did not disclose its total carbon emissions for 2023.
In 2022, MEG Energy reported approximately 2,368,081,000 kg CO2e in Scope 1 emissions and 383,000 kg CO2e in Scope 2 emissions. For 2021, Scope 1 emissions were about 2,439,106,000 kg CO2e, with no reported Scope 2 emissions. In 2020, Scope 1 emissions were approximately 2,113,450,000 kg CO2e and Scope 2 emissions were about 16,000 kg CO2e. There is no disclosed data for Scope 3 emissions across these years.
MEG Energy has set a mid-term target to achieve a 30% reduction in bitumen GHG emissions (Scope 1 and Scope 2) from 2013 levels by 2030. Additionally, the company has a long-term ambition to reach net-zero GHG emissions for Scope 1 and Scope 2 by 2050. All reported emissions data and reduction targets for MEG Energy are directly from MEG Energy Corp.
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Meg Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Meg Energy22 days ago
26
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