Contact Energy Sustainability Profile
Contact Energy Limited, commonly known as Contact Energy, is a leading energy provider based in New Zealand. Headquartered in Wellington, the company operates extensively across the North Island, delivering reliable electricity and natural gas services to residential and commercial customers. Founded in 1996, Contact Energy has achieved significant milestones, including the development of renewable energy projects that underscore its commitment to sustainability. The company’s core offerings include electricity generation, retail services, and natural gas supply, with a strong emphasis on renewable energy sources such as geothermal and hydroelectric power. This focus on sustainability sets Contact Energy apart in the competitive energy market. Recognised for its innovative approach, Contact Energy has established itself as a key player in New Zealand's energy landscape, consistently striving to meet the evolving needs of its customers while contributing to a greener future.
DitchCarbon Score
How does Contact 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 from Other Sources 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
Contact Energy's score of 56 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Contact Energy's reported carbon emissions
In 2023, Contact Energy reported total carbon emissions of approximately 802,673,000 kg CO2e. This figure includes 526,621,000 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 1,957,000 kg CO2e from Scope 2 emissions, related to purchased electricity. Additionally, Scope 3 emissions accounted for approximately 273,673,000 kg CO2e, encompassing indirect emissions from the value chain, including the use of sold products. Contact Energy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 45% by 2026, using 2018 as the base year. The company also targets a 45% reduction in Scope 1 and 3 emissions from all sold electricity and a 34% reduction in Scope 3 emissions from the use of sold products, both by 2026. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global goal of limiting temperature rise to 1.5°C. The company's emissions data is sourced directly from Contact Energy Limited, with no cascaded data from parent or related organizations. As part of its long-term strategy, Contact Energy is committed to achieving net-zero emissions by 2050 across all scopes.
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| 2012 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 460 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Contact Energy's Industry?
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Contact Energy's Scope 3 Categories Breakdown
Contact Energy's Scope 3 emissions, which decreased by 31% last year and decreased by approximately 14% since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 34% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 64% of Scope 3 emissions.
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Contact Energy'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.
Contact Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Teachers Insurance and Annuity Association-College Retirement Equities Fund
Frequently Asked Questions
Common questions about Contact Energy's sustainability data and climate commitments
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