Powerco Limited Sustainability Profile
Powerco Limited, a leading energy distribution company based in New Zealand, has been a cornerstone of the country's utility sector since its establishment in 1998. Headquartered in New Plymouth, Powerco operates extensively across the North Island and parts of the South Island, providing essential electricity and gas services to a diverse customer base. Specialising in the distribution of electricity and natural gas, Powerco is committed to delivering reliable energy solutions while prioritising sustainability and innovation. The company has achieved significant milestones, including the expansion of its network and the integration of advanced technologies to enhance service efficiency. Recognised for its strong market position, Powerco Limited continues to play a vital role in New Zealand's energy landscape, ensuring that communities have access to safe and dependable energy resources.
DitchCarbon Score
How does Powerco Limited'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 Distribution 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
Powerco Limited's score of 21 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Powerco Limited's reported carbon emissions
In 2024, Powerco Limited reported total carbon emissions of approximately 113,126,080 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 7,467,090 kg CO2e, while Scope 2 emissions were approximately 20,352,920 kg CO2e. The most significant contribution came from Scope 3 emissions, which totalled around 341,412,140 kg CO2e, highlighting the substantial impact of business travel, employee commuting, and purchased goods and services. In comparison, the previous year, 2023, saw total emissions of about 121,493,650 kg CO2e, with Scope 1 at 7,609,640 kg CO2e, Scope 2 at 32,272,080 kg CO2e, and Scope 3 at 244,742,220 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Powerco has set ambitious climate commitments, aiming for net zero emissions by 2030. This target encompasses both Scope 1 and Scope 2 emissions, with plans to reduce emissions and offset any unavoidable emissions through initiatives such as forestry. These commitments reflect a long-term strategy to mitigate climate impact and align with global sustainability goals. The emissions data is cascaded from Powerco Limited, which operates as a current subsidiary, ensuring that their climate performance is consistent with broader corporate sustainability initiatives.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 7,927,870 | 0,000,000 | 0,000,000 |
| Scope 2 | 28,185,580 | 00,000,000 | 00,000,000 |
| Scope 3 | 79,786,960 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Powerco Limited's Industry?
How Carbon Intensive is Powerco Limited's Location?
Powerco Limited's Scope 3 Categories Breakdown
Powerco Limited's Scope 3 emissions, which increased by 223% last year and increased by approximately 207% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 31% of Scope 3 emissions.
Top Scope 3 Categories
Powerco Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Powerco Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
