Nexgen Energy Sustainability Profile
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 28 is lower than 55% 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 2024, Nexgen Energy reported total carbon emissions of approximately 4,443,000 kg CO2e from Scope 1, 52,000 kg CO2e from Scope 2, and 1,053,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, covering all relevant scopes. In 2023, the company's global emissions were about 6,895,000 kg CO2e, with Scope 1 emissions at approximately 3,864,000 kg CO2e, Scope 2 at 34,000 kg CO2e, and Scope 3 at around 1,396,000 kg CO2e. The previous year, 2022, saw total emissions of about 3,763,000 kg CO2e, with Scope 1 emissions of approximately 1,655,720 kg CO2e, Scope 2 at 37,630 kg CO2e, and Scope 3 at around 639,710 kg CO2e. Despite these figures, Nexgen Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company’s emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of Nexgen Energy Ltd.'s operations. Overall, Nexgen Energy's emissions profile highlights the need for ongoing assessment and potential climate commitments to align with industry standards and expectations for sustainability.
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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 |
How Carbon Intensive is Nexgen Energy's Industry?
How Carbon Intensive is Nexgen Energy's Location?
Nexgen 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.
Nexgen Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
