Fonterra Co-Operative Group Ltd

Common Name
Fonterra Co-Operative Group
Country
New Zealand
Sector
Consumer Defensive
Industry
Packaged Foods
Employees
16,441
Ticker
FCG
Exchange
NZX
Description
Fonterra Cooperative Group Limited is a prominent New Zealand-based multinational dairy cooperative. As the largest exporter of dairy products globally, Fonterra plays a crucial role in the agricultur...

Fonterra Co-Operative Group Energy Data Preview

In 2023, Fonterra Co-Operative Group disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Fonterra Co-Operative Group disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

However, Fonterra Co-Operative Group did not provide a breakdown of its energy sources or generation technologies, limiting visibility into its energy mix and the role of renewables versus fossil fuels.

Metric (GJ)2023202220212020 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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Verified Sources Behind Fonterra Co-Operative Group’s Energy Management Data

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a. Fonterra Co-Operative Group's Sustainability Report 2023
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Insights into Fonterra Co-Operative Group's Energy Renewability

In 2023, Fonterra Co-Operative Group consumed a total of 27.5 million Gigajoules of energy across its operations. Of this total, 16% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 84% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

Fonterra Co-Operative Group's Energy Renewability Rate

16%

How much of Fonterra Co-Operative Group's energy consumed is renewable?

In 2023, Fonterra Co-Operative Group consumed a total of 27.5 million Gigajoules of energy, of which 16% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Fonterra Co-Operative Group has considerable room to improve its energy sustainability strategy.

Are Fonterra Co-Operative Group's energy practices becoming more sustainable?

Since 2020, Fonterra Co-Operative Group's total energy consumption decreased by 3.85%, and remained stable in 2023, suggesting earlier reductions may have leveled off. a

Over the same period, the share of renewable energy in Fonterra Co-Operative Group's consumption increased by 45.45%, including a 6.67% increase in 2023, showing consistent progress in clean energy adoption. a

Overall, Fonterra Co-Operative Group’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.

Fonterra Co-Operative Group's Renewable vs Non-renewable Energy Over Time

28 M13 M2 M28 MGigajoules (GJ)202020212022202314%15%16%89%86%85%84%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed
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