In 2024, Contact Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Contact Energy has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 947,491a | 526,621a | 786,842b | |
Total Scope 2 | ||||
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 265,034a | 273,673a | 394,784b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 547.4943a | 408.7615a | 531.071b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Contact Energy amounted to 948,466 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Contact Energy increased by 79.44%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Contact Energy were 947,491 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Contact Energy's Scope 1 emissions have decreased by 9.31%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Contact Energy's Scope 1 emissions increased by 79.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Contact Energy reported Scope 2 greenhouse gas (GHG) emissions of 975 tCO₂e using the location-based method.a
Compared to the previous year (2023), Contact Energy's Scope 2 emissions (Location-Based) fell by 50.18% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Contact Energy reported its Scope 2 emissions using the location-based method.a
In 2024, Contact Energy reported 265,034 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Contact Energy includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Contact Energy reported total Scope 3 emissions of 265,034 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 35.35% of these emissions originated from upstream activities such as purchased goods and capital goods, while 64.65% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Contact Energy's Scope 3 emissions have decreased by 52.25%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Contact Energy's Scope 3 emissions remained relatively stable, indicating that Contact Energy's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Contact Energy reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Contact Energy's Scope 3 emissions were:a
In 2024, Contact Energy reported Scope 1 greenhouse gas (GHG) emissions of 947,491 tCO₂e and total revenues of USD 1,731 millions. This translates into an emissions intensity of 547.49 tCO₂e per millions USD.a
In 2024, Contact Energy reported a Scope 1 emissions intensity of 547.49 tCO₂e per millions USD. Compared to the peer group median of 7.1, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Contact Energy ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Contact Energy among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Contact Energy reported a total carbon footprint of 1,213,500 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 51.26% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Contact Energy's total carbon footprint was Scope 1 emissions, accounting for 78.08% of the company's total carbon footprint, followed by Scope 3 emissions at 21.84%.a