Contact Energy Ltd

Common Name
Contact Energy
Country
New Zealand
Sector
Utilities
Industry
Utilities - Renewable
Employees
1,273
Ticker
CEN
Exchange
NZX
Description
Contact Energy Ltd. is one of New Zealand's leading energy company, primarily focused on generating and providing electricity, natural gas, and other energy-related services. The company plays a criti...

Contact Energy's Climate Target Data Preview

As of 2024, Contact Energy has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Contact Energy ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 1 - Stationary Combustion, Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2026
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2026
Absolute-based Target
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2026
Intensity-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Contact Energy's Greenhouse Gas Emissions Pathways

As of 2024, Contact Energy has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does Contact Energy have a target to reduce the emissions from its operations?

As of 2024, Contact Energy has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Contact Energy's most ambitious operational target is to reduce these emissions by 45% by 2026, compared to a baseline of 1,177,169 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.

As of 2024, Contact Energy is lagging behind on its operational emissions reduction target, having achieved 43.18% of the planned reduction.

Contact Energy's Operational (Scope 1+2) Emissions Pathway

2018202420260300 k600 k900 k1.2 MBaselineCurrent (-19%)Target 2026 (-45%)

Does Contact Energy have a target to reduce the emissions from its value chain?

As of 2024, Contact Energy has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Contact Energy's most ambitious value chain target is to reduce these emissions by 34% by 2026, compared to a baseline of 370,168 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.

Contact Energy has already surpassed its value chain emissions reduction target, with 2024 levels falling below the 2026 value, achieving its climate goal ahead of schedule.

Contact Energy's Value Chain (Scope 3) Emissions Pathway

201820242026095 k190 k285 k380 kBaselineCurrent (-54%)Target 2026 (-34%)
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