As of 2025, Meridian 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, 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 Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -90%a | 2040 |
Absolute-based Target | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -90%a | 2040 |
Intensity-based Target* | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt (W) of Electricity Other Activity (Unlisted) | -52%a | 2030 |
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As of 2025, 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.a
As of 2025, Meridian Energy has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
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.a
As of 2025, Meridian Energy is ahead of schedule on its operational emissions reduction target, having achieved 34.28% of the planned reduction.a
As of 2025, 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.a
Meridian Energy's most ambitious value chain target is to reduce these emissions by 90% by 2040, compared to a baseline of 34,473 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.a
Instead of reducing value chain emissions, Meridian Energy has increased them, with 2025 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.a