Nexgen Energy Ltd., commonly referred to as Nexgen, is a leading Canadian uranium exploration and development company headquartered in Calgary, Alberta. Founded in 2011, Nexgen has rapidly established itself in the nuclear energy sector, focusing primarily on the development of its flagship asset, the Arrow deposit, located in the Athabasca Basin of Saskatchewan, a region renowned for its high-grade uranium resources.
Nexgen's innovative approach to uranium extraction and commitment to sustainable practices set it apart in the industry. The company has achieved significant milestones, including substantial resource discoveries and advancements in its environmental management strategies. With a strong market position, Nexgen Energy is recognised for its potential to contribute to the global transition towards clean energy, making it a key player in the future of nuclear power.
-14 vs industry average
Nexgen Energy’s score of 12 is lower than 37% 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
Electricity Transmission is among the most carbon-intensive industries
Industry performance
The Electricity Transmission industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Nexgen Energy's reported carbon emissions
In 2023, Nexgen Energy reported total carbon emissions of approximately 6,895,000 kg CO2e. This figure includes Scope 1 emissions of about 3,864,000 kg CO2e, Scope 2 emissions of approximately 34,000 kg CO2e, and Scope 3 emissions of around 1,396,000 kg CO2e. In comparison, the previous year, 2022, the company had total emissions of approximately 3,763,000 kg CO2e, with Scope 1 emissions at about 1,655,720 kg CO2e, Scope 2 at approximately 37,630 kg CO2e, and Scope 3 at around 639,710 kg CO2e.
Despite the increase in total emissions from 2022 to 2023, Nexgen Energy has not set specific reduction targets or initiatives as part of their climate commitments. The company does not currently participate in the Science Based Targets initiative (SBTi) or other formal climate pledges.
Nexgen Energy operates from its headquarters in California and is committed to transparency in its emissions reporting, although it has not cascaded any emissions data from a parent or related organization.
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Nexgen Energy’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Nexgen Energy yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Nexgen Energy
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