Meridian Energy

Meridian Energy, an Electricity nec company headquartered in NZ, reported total emissions of approximately 47.8 million kg CO2e in 2025. This includes about 714,000 kg CO2e from Scope 1, 1,000 kg CO2e from Scope 2 (market-based), and 47.1 million kg CO2e from Scope 3 emissions. In 2024, total emissions were around 40.4 million kg CO2e, comprising approximately 1.06 million kg CO2e (Scope 1), 2,000 kg CO2e (Scope 2 market-based), and 39.3 million kg CO2e (Scope 3). For 2023, the company reported total emissions of roughly 35.9 million kg CO2e, with Scope 1 at about 1.19 million kg CO2e, Scope 2 (market-based) at 2,000 kg CO2e, and Scope 3 at around 34.7 million kg CO2e.

Meridian Energy has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company commits to reaching net-zero greenhouse gas emissions across its value chain by FY2050. Near-term targets include an absolute reduction of Scope 1 and 2 GHG emissions by 50% by FY2030 from a FY2021 base year. Additionally, Meridian Energy aims to reduce absolute Scope 3 GHG emissions by 51.6% per MW capacity within the same timeframe and ensure that 80% of its suppliers by emissions covering capital goods will have science-based targets by FY2029. Long-term targets include a 90% absolute reduction in Scope 1 and 2 GHG emissions by FY2040 from a FY2021 base year, and a 90% absolute reduction in Scope 3 GHG emissions by FY2050 from a FY2021 base year. These targets are consistent with keeping global warming to 1.5°C.