Meridian Energy
Meridian Energy, a leading renewable energy company based in New Zealand, has established itself as a key player in the energy sector since its founding in 1998. Headquartered in Wellington, Meridian operates primarily in the South Island and is renowned for its commitment to sustainable energy solutions. Specialising in hydroelectric power generation, wind energy, and solar energy, Meridian Energy offers unique products that prioritise environmental responsibility while delivering reliable energy to its customers. The company has achieved significant milestones, including becoming the largest generator of renewable energy in New Zealand, which underscores its market position and dedication to sustainability. With a strong focus on innovation and community engagement, Meridian Energy continues to lead the way in the transition to a low-carbon future, making it a prominent name in the renewable energy industry.
DitchCarbon Score
How does Meridian 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 Electricity from Other Sources 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
Meridian Energy's score of 66 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Meridian Energy's reported carbon emissions
In 2024, Meridian Energy reported total carbon emissions of approximately 113,201,000 kg CO2e. This includes Scope 1 emissions of about 1,060,000 kg CO2e, Scope 2 emissions of approximately 1,313,000 kg CO2e, and significant Scope 3 emissions totalling around 110,828,000 kg CO2e. Notably, the Scope 3 emissions are primarily driven by upstream transportation and distribution (about 18,562,000 kg CO2e) and purchased goods and services (approximately 13,302,000 kg CO2e). In comparison, the previous year, 2023, saw total emissions of about 47,644,000 kg CO2e, with Scope 1 at approximately 1,191,000 kg CO2e, Scope 2 at around 1,208,000 kg CO2e, and Scope 3 emissions reaching about 32,270,000 kg CO2e. This indicates a significant increase in emissions in 2024, particularly in Scope 3 categories. Meridian Energy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by FY2030 from a FY2021 baseline. This target has been approved by the Science Based Targets initiative (SBTi) and aligns with a 1.5°C trajectory. Furthermore, the company has committed to achieving net-zero emissions across all scopes by 2050, with long-term targets to reduce Scope 1 and 2 emissions by 90% by FY2040 and Scope 3 emissions by 90% by FY2050. These commitments reflect Meridian Energy's proactive approach to addressing climate change and reducing its carbon footprint, positioning the company as a leader in sustainability within the energy sector in New Zealand.
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| 2012 | 2013 | 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,102,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,641,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 | 00,000 | 0,000 | 0,000 | 0,000 |
| Scope 3 | 44,092,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Meridian 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.
