Contact Energy

Contact Energy's reported carbon emissions

Contact Energy, an electricity company based in NZ, has reported the following carbon emissions and climate commitments. **Carbon Emissions:** * **2024:** Scope 1 emissions were approximately 300,000,000 kg CO2e. Scope 2 emissions from purchased electricity were approximately 50,000,000 kg CO2e. * **2023:** Scope 1 emissions were approximately 400,000,000 kg CO2e. Scope 2 emissions from purchased electricity were approximately 50,000,000 kg CO2e. * **2022:** Scope 1 emissions were approximately 500,000,000 kg CO2e. * **2021:** Scope 1 emissions were approximately 600,000,000 kg CO2e. * **2020:** Scope 1 emissions were approximately 700,000,000 kg CO2e. * **2019:** Scope 1 emissions were approximately 900,000,000 kg CO2e. * **2018:** Scope 1 emissions were approximately 1,000,000,000 kg CO2e. Scope 2 emissions from purchased electricity were approximately 50,000,000 kg CO2e. * **2017:** Total emissions were approximately 1,143,616,000 kg CO2e, primarily comprising Scope 1 stationary combustion emissions of about 1,142,575,000 kg CO2e and mobile combustion of approximately 1,039,000 kg CO2e. Scope 3 emissions data was not disclosed for these years. **Climate Commitments and Reduction Targets:** Contact Energy has set the following climate-related targets: * **Net Zero by 2035:** The company aims for net zero Scope 1 and 2 emissions by 2035. * **Science-Based Targets Initiative (SBTi):** Contact Energy has committed to significant emissions reductions through SBTi: * A 45% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2026, using a 2018 base year. * A 45% reduction in absolute Scope 1 and 3 greenhouse gas emissions from all sold electricity by 2026, using a 2018 base year. * A 34% reduction in Scope 3 emissions from the use of sold products by 2026, using a 2018 base year. These targets are aligned with keeping global warming to 1.5°C. The company also has a long-term net-zero commitment by 2050.