Nexgen Energy
Nexgen Energy Ltd., commonly referred to as Nexgen, is a leading Canadian uranium exploration and development company headquartered in Calgary, Alberta. Founded in 2011, Nexgen has rapidly established itself in the nuclear energy sector, focusing primarily on the development of its flagship asset, the Arrow deposit, located in the Athabasca Basin of Saskatchewan, a region renowned for its high-grade uranium resources. Nexgen's innovative approach to uranium extraction and commitment to sustainable practices set it apart in the industry. The company has achieved significant milestones, including substantial resource discoveries and advancements in its environmental management strategies. With a strong market position, Nexgen Energy is recognised for its potential to contribute to the global transition towards clean energy, making it a key player in the future of nuclear power.
DitchCarbon Score
How does Nexgen 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 Transmission 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
Nexgen Energy's score of 25 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nexgen Energy's reported carbon emissions
In 2023, Nexgen Energy reported total carbon emissions of approximately 6,895,000 kg CO2e. This figure includes 3,864,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 34,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, which encompass all other indirect emissions, amounted to about 1,396,000 kg CO2e. Comparatively, in 2022, Nexgen Energy's total emissions were approximately 3,763,000 kg CO2e, with Scope 1 emissions at 1,655,720 kg CO2e, Scope 2 emissions at 37,630 kg CO2e, and Scope 3 emissions at around 639,710 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Despite the increase in emissions, Nexgen Energy has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or targets suggests a need for further commitment to sustainability practices within the industry context.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,655,720 | 0,000,000 |
| Scope 2 | 37,630 | 00,000 |
| Scope 3 | 639,710 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nexgen Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
