Powerco Limited

Powerco Limited Carbon Emissions & Climate Commitments (NZ)

As a key player in New Zealand's electricity distribution and trade services sector, Powerco Limited is actively working to manage its carbon footprint.

In 2023, Powerco Limited reported total gross emissions of approximately 121.5 million kg CO2e. This figure includes:

• Scope 1 emissions: Roughly 7.6 million kg CO2e, primarily from fugitive emissions (approximately 6.86 million kg CO2e), mobile combustion (about 388,990 kg CO2e), and stationary combustion (around 348,190 kg CO2e).
• Scope 2 emissions: Approximately 32.3 million kg CO2e, with purchased electricity accounting for about 472,080 kg CO2e.
• Scope 3 emissions: Approximately 244.7 million kg CO2e, mainly driven by purchased goods and services (around 75.1 million kg CO2e), with smaller contributions from business travel (approximately 306,580 kg CO2e) and employee commuting (about 345,370 kg CO2e).

Looking back, Powerco Limited's total gross emissions were about 111.8 million kg CO2e in 2022 and approximately 115.9 million kg CO2e in 2021.

Powerco Limited is committed to achieving net-zero emissions. The company has set a long-term net-zero target for both Scope 1 and Scope 2 emissions, aiming to achieve this through emission reduction and offsetting unavoidable emissions, such as via forestry, by 2030. Powerco Limited's most recent emissions data for 2024 does not include detailed scope breakdowns but indicates an emissions intensity of 3740 tonnes CO2e per GWh for Scope 1 and 2.