Public Profile

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.

23

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.

16

Industry Benchmark

Nexgen Energy's score of 23 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.

83%

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Nexgen Energy's reported carbon emissions

In 2023, Nexgen Energy reported total carbon emissions of approximately 3,864,000 kg CO2e, with emissions distributed across various scopes: about 3,864,000 kg CO2e from Scope 1, approximately 34,000 kg CO2e from Scope 2, and around 1,396,000 kg CO2e from Scope 3. This represents a significant increase from 2022, where total emissions were about 3,763,000 kg CO2e, with Scope 1 emissions at approximately 1,655,720 kg CO2e, Scope 2 at about 37,630 kg CO2e, and Scope 3 at around 639,710 kg CO2e. Despite the increase in emissions, Nexgen Energy has not publicly disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of defined climate commitments or reduction strategies suggests a need for enhanced focus on sustainability practices within the organisation. As a company headquartered in California, Nexgen Energy operates in a region that prioritises climate action, which may influence future commitments to reduce emissions and improve environmental performance.

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20222023
Scope 1
1,655,720
0,000,000
Scope 2
37,630
00,000
Scope 3
639,710
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Nexgen Energy's primary industry is Transmission services of electricity, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Nexgen Energy is in CA, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers