Meridian Energy Ltd

Common Name
Meridian Energy
Country
New Zealand
Sector
Utilities
Industry
Utilities - Renewable
Employees
936
Ticker
MEL
Exchange
NZX
Description
Meridian Energy Ltd is a prominent electricity generator and retailer based in New Zealand, primarily focused on renewable energy solutions. The company stands out for its commitment to sustainability...

Meridian Energy's Climate Target Data Preview

As of 2024, Meridian Energy has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets, 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 Meridian Energy ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2040
Absolute-based Target*
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2040
* 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 Meridian Energy's Greenhouse Gas Emissions Pathways

As of 2024, Meridian 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 Meridian Energy have a target to reduce the emissions from its operations?

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

Meridian Energy's most ambitious operational target is to reduce these emissions by 90% by 2040, compared to a baseline of 1,034 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.

Instead of reducing operational emissions, Meridian Energy has increased them, with 2024 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.

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

202120242030204003006009001.2 kCurrent (+3%)Target 2030 (-50%)Target 2040 (-90%)

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

As of 2024, Meridian 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.

Meridian Energy's most ambitious value chain target is to reduce these emissions by 90% by 2040, compared to a baseline of 32,846 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.

Instead of reducing value chain emissions, Meridian Energy has increased them, with 2024 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.

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

202120242030204009.5 k19 k28.5 k38 kBaselineCurrent (+15%)Target 2030 (-50%)Target 2040 (-90%)
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