Contact Energy
Contact Energy, a leading player in the electricity sector, is headquartered in New Zealand and operates extensively across the country. Founded in 1996, the company has established itself as a key provider of electricity and gas, focusing on renewable energy solutions and innovative technologies.
With a diverse portfolio that includes hydro, geothermal, and wind energy, Contact Energy stands out for its commitment to sustainability and reducing carbon emissions. The company has achieved significant milestones, including substantial investments in renewable energy projects, positioning itself as a market leader in the transition to a low-carbon future.
Recognised for its customer-centric approach and reliable service, Contact Energy continues to play a vital role in New Zealand's energy landscape, contributing to the nation’s energy security and environmental goals.
+22 vs industry average
Contact Energy’s score of 37 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Contact Energy's reported carbon emissions
Contact Energy, a New Zealand-based electricity company, reported 948,000,000 kg CO2e in Scope 1 and 2 emissions for the 2024 reporting year. This comprised approximately 300,000,000 kg CO2e from Scope 1 and approximately 50,000,000 kg CO2e from Scope 2 (purchased electricity). In 2023, the company's combined Scope 1 and 2 emissions were approximately 450,000,000 kg CO2e, with Scope 1 accounting for about 400,000,000 kg CO2e and Scope 2 for about 50,000,000 kg CO2e.
Contact Energy has established significant climate commitments. Notably, they aim for net zero for Scope 1 and 2 emissions by 2035.
Furthermore, Contact Energy has committed to the Science Based Targets initiative (SBTi). Their near-term targets include a commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 45% by 2026, using a 2018 baseline year. They have also committed to reducing absolute Scope 1 and 3 GHG emissions from all sold electricity by 45% by 2026, and Scope 3 emissions from the use of sold products by 34% by 2026, both from a 2018 base year. These targets are consistent with limiting warming to 1.5°C. The company also has a long-term net-zero commitment by 2050.
Emissions data for earlier years includes approximately 500,000,000 kg CO2e in Scope 1 for 2022, and around 600,000,000 kg CO2e in Scope 1 for 2021. In 2020, Scope 1 emissions were approximately 700,000,000 kg CO2e, and in 2019, they were approximately 900,000,000 kg CO2e. For 2018, Scope 1 emissions were about 1,000,000,000 kg CO2e, with an additional approximately 50,000,000 kg CO2e from Scope 2. In 2017, total emissions were approximately 1,143,616,000 kg CO2e, primarily from Scope 1. Historical data for 2016, 2015, 2014, and 2012 indicates periods where only Scope 1 emissions were reported or data was unavailable.
Contact Energy does not currently cascade emissions data from a parent organisation.
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Contact Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
View similar organisations
Contact Energy
Frequently asked questions
Common questions about Contact Energy’s sustainability data and climate commitments
Data year: 2024
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