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OrganisationsMercury Nz
Mercury Nz logo

Mercury Nz

Electrical Machinery ManufacturingNew ZealandPNK: MGHTF
Last verified 3 months agomercury.co.nz

Mercury NZ Limited, commonly referred to as Mercury, is a leading energy company headquartered in New Zealand. Established in 1998, Mercury has grown to become a significant player in the renewable energy sector, primarily focusing on hydroelectric power generation and retail electricity services. With major operations across the North Island, the company is committed to sustainability and innovation in energy solutions.

Mercury's core offerings include electricity generation from renewable sources, energy retailing, and a range of energy management services. What sets Mercury apart is its dedication to harnessing New Zealand's natural resources, particularly water, to produce clean energy. The company has achieved notable milestones, including a strong market position as one of the top electricity retailers in the country, recognised for its commitment to environmental stewardship and customer service excellence.

57
DitchCarbon score

+21 vs industry average

Mercury Nz’s score of 57 is higher than 68% 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

Low

Electrical Machinery Manufacturing has below-average carbon intensity

Industry performance

0.110
20192025

The Electrical Machinery Manufacturing industry has reduced its overall emissions by 37% since 2019

Emissions trajectory 2020 – 2027

000.0M000.0M000.0M000.0M0

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20202021202220232024202520262027

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.

Mercury Nz's reported carbon emissions

Mercury NZ reports significant greenhouse gas emissions across its operations. For the 2024 reporting year, the company's total emissions were approximately 379.5 million kg CO2e. This figure comprises Scope 1 emissions of about 239.6 million kg CO2e, Scope 2 emissions of approximately 0.52 million kg CO2e, and Scope 3 emissions of around 136.3 million kg CO2e. In the preceding year, 2023, Mercury NZ recorded total emissions of approximately 351.4 million kg CO2e, with Scope 1 at about 213.6 million kg CO2e, Scope 2 at approximately 0.63 million kg CO2e, and Scope 3 at roughly 137.2 million kg CO2e. For 2022, total emissions were approximately 362.4 million kg CO2e, including Scope 1 emissions of about 222.7 million kg CO2e, Scope 2 emissions of approximately 1.1 million kg CO2e, and Scope 3 emissions of around 138.6 million kg CO2e. Mercury NZ has set ambitious climate commitments. The company aims to achieve carbon neutrality by 2030 and net-zero emissions by 2040. Specifically, it has committed to reducing its Scope 1 emissions by 50% from a 2021 baseline by 2030, and its Scope 2 emissions by a similar 50% from the same baseline by 2030. Additionally, Mercury NZ is working towards achieving net-zero emissions across all scopes by 2040. The company's updated Climate Action Plan further supports its net-zero goal by 2040.

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Mercury Nz’s Climate Goals (2030 & 2050)

6 goals

2030

Mercury aims to achieve carbon neutrality by 2030

Mercury aims to achieve carbon neutrality by 2030.

At risk0%

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%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Mercury Nz logoMercury Nz
NZElectrical Machinery Manufacturing
3 months ago
57
EnergyAustralia Pty Ltd logoEnergyAustralia Pty Ltd
AUElectricity Transmission
15 days ago
73
View
Meridian Energy logoMeridian Energy
NZElectricity from Other Sources
15 days ago
72
View
Vector Limited logoVector Limited
NZElectricity Distribution
14 days ago
64
View
Genesis Energy Limited logoGenesis Energy Limited
NZElectricity Transmission
5 days ago
61
View
Contact Energy logoContact Energy
NZElectricity from Other Sources
3 days ago
36
View
Origin Energy logoOrigin Energy
AUElectricity from Other Sources
14 days ago
34
View

Frequently asked questions

Common questions about Mercury Nz’s sustainability data and climate commitments

Mercury NZ's total carbon emissions for 2024 were approximately 379.5 million kg CO₂e. This includes Scope 1 emissions of about 239.6 million kg CO₂e, Scope 2 emissions of roughly 0.52 million kg CO₂e, and Scope 3 emissions of around 136.3 million kg CO₂e. The company has made significant strides in reducing its emissions, particularly in Scope 1, which represents the largest share of its emissions profile.

Data year: 2024

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