Nexgen Energy
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.
DitchCarbon Score
How does Nexgen 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 Transmission 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
Nexgen Energy's score of 25 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nexgen Energy's reported carbon emissions
In 2024, Nexgen Energy reported total carbon emissions of approximately 4,443,000 kg CO2e from Scope 1, 52,000 kg CO2e from Scope 2, and 1,053,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. For the previous year, 2023, Nexgen Energy's global emissions totalled about 6,895,000 kg CO2e, with Scope 1 emissions at approximately 3,864,000 kg CO2e, Scope 2 at 34,000 kg CO2e, and Scope 3 at 1,396,000 kg CO2e. In 2022, the company reported total emissions of around 3,763,000 kg CO2e, with Scope 1 emissions of about 1,655,720 kg CO2e, Scope 2 at 37,630 kg CO2e, and Scope 3 at 639,710 kg CO2e. Despite these figures, Nexgen Energy has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of Nexgen Energy's operations. Overall, Nexgen Energy's emissions data highlights the company's current carbon footprint while underscoring the need for future commitments to emissions reduction and climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,655,720 | 0,000,000 |
| Scope 2 | 37,630 | 00,000 |
| Scope 3 | 639,710 | 0,000,000 |
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.
Nexgen Energy is not participating in any 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.
