Meridian Energy Ltd

Common Name
Meridian Energy
Country
New Zealand
Sector
Utilities
Industry
Utilities - Renewable
Employees
936
Ticker
MEL
Exchange
NZX
Description
Meridian Energy Limited is a leading renewable energy company specializing in the generation and retailing of electricity, with a primary focus on sustainable sources. As New Zealand’s largest electri...

Meridian Energy's GHG Emissions Data Preview

In 2024, Meridian 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).

However, Meridian Energy has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
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Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Meridian Energy’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Meridian Energy’s data sources below and access millions more through our Disclosure Search.

a. Meridian Energy's Climate Assessment Report 2024
a. Meridian Energy's Climate Assessment Report 2024
b. Meridian Energy's Integrated Report 2023
b. Meridian Energy's Integrated Report 2023

Insights into Meridian Energy's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Meridian Energy amounted to 2,373 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 Meridian Energy decreased by 1.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Meridian Energy's Scope 1 Emissions Over Time

202120222023202403006009001.2 ktCO2e-37%+85%-11%
  • Total Scope 1
  • Year-over-Year Change

What are Meridian Energy's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Meridian Energy were 1,060 metric tons of CO₂ equivalent (tCO₂e). a

Has Meridian Energy reduced its Scope 1 emissions over time?

Since 2021, Meridian Energy's Scope 1 emissions have increased by 3.92%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Meridian Energy's Scope 1 emissions decreased by 11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Meridian Energy's Scope 2 emissions?

In 2024, Meridian Energy reported Scope 2 greenhouse gas (GHG) emissions of 1,313 tCO₂e using the location-based method. a

Has Meridian Energy reduced its Scope 2 emissions over time?

Since 2021, Meridian Energy's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 44.2%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Meridian Energy's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Meridian Energy 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Meridian Energy use for Scope 2 reporting?

In 2024, Meridian Energy reported its Scope 2 emissions using the location-based method. a

Meridian Energy's Scope 2 Emissions Over Time

202120222023202406001.2 k1.8 k2.4 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Meridian Energy's Value Chain Emissions

In 2024, Meridian Energy reported 112,139 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 Meridian Energy includes a breakdown across 0 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

Meridian Energy's Scope 3 Emissions Over Time

2021202220232024030 k60 k90 k120 ktCO2e+31%+10%+141%
  • Total Scope 3
  • Year-over-Year Change

What are Meridian Energy's Scope 3 emissions?

In 2024, Meridian Energy reported total Scope 3 emissions of 112,139 metric tons of CO₂ equivalent (tCO₂e). a

Has Meridian Energy reduced its Scope 3 emissions over time?

Since 2021, Meridian Energy's Scope 3 emissions have increased by 249.38%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Meridian Energy's Scope 3 emissions increased by 141.41%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Meridian Energy’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Meridian Energy reported Scope 1 greenhouse gas (GHG) emissions of 1,060 tCO₂e and total revenues of USD 2,943 millions. This translates into an emissions intensity of 0.36 tCO₂e per millions USD. a

Meridian Energy's Scope 1 Emissions Intensity Compared to Peers

1002,000200,0005,000,000200,000,000Scope 1 Emissions (tCO2e)0.5502,000200,00010,000,000Revenues (Millions of USD)GSRenew Energy GlobalYear: 2024Scope 1: 637 tCO2eRevenue: $M 975Scope 1 Intensity: 0.65 tCO2e/$MEDP RenovaveisYear: 2024Scope 1: 4,150 tCO2eRevenue: $M 2,796Scope 1 Intensity: 1.48 tCO2e/$MGGGuangxi Guiguan Electric PowerYear: 2023Scope 1: 4,236,710 tCO2eRevenue: $M 1,138Scope 1 Intensity: 3,721.45 tCO2e/$MEnel Generacion ChileYear: 2023Scope 1: 3,180 tCO2eRevenue: $M 3,180,000Scope 1 Intensity: 0.00 tCO2e/$MPublic PowerYear: 2024Scope 1: 10,528,803 tCO2eRevenue: $M 9,343Scope 1 Intensity: 1,126.89 tCO2e/$MTohoku Electric PowerYear: 2023Scope 1: 33,760,000 tCO2eRevenue: $M 22,576Scope 1 Intensity: 1,495.36 tCO2e/$MNaturenergie HoldingYear: 2024Scope 1: 11,910 tCO2eRevenue: $M 1,778Scope 1 Intensity: 6.70 tCO2e/$MAuren EnergiaYear: 2022Scope 1: 122,245 tCO2eRevenue: $M 1,044Scope 1 Intensity: 117.12 tCO2e/$MNorthland Power Inc (Ontario)Year: 2023Scope 1: 1,331,284 tCO2eRevenue: $M 1,687Scope 1 Intensity: 789.36 tCO2e/$MSerena EnergiaYear: 2022Scope 1: 14,195 tCO2eRevenue: $M 0Scope 1 Intensity: 30,784.66 tCO2e/$MMercury NzYear: 2023Scope 1: 213,645 tCO2eRevenue: $M 1,674Scope 1 Intensity: 127.62 tCO2e/$MSSSGICCYear: 2023Scope 1: 238 tCO2eRevenue: $M 1,080Scope 1 Intensity: 0.22 tCO2e/$MOrmat TechnologiesYear: 2023Scope 1: 171,778 tCO2eRevenue: $M 829Scope 1 Intensity: 207.11 tCO2e/$MNHPCYear: 2025Scope 1: 4,016 tCO2eRevenue: $M 1,214Scope 1 Intensity: 3.31 tCO2e/$MConstellation EnergyYear: 2023Scope 1: 9,679,181 tCO2eRevenue: $M 24,918Scope 1 Intensity: 388.44 tCO2e/$MOerstedYear: 2024Scope 1: 733,299 tCO2eRevenue: $M 8,199Scope 1 Intensity: 89.43 tCO2e/$MChina Longyuan Power GroupYear: 2023Scope 1: 9,948,568 tCO2eRevenue: $M 5,296Scope 1 Intensity: 1,878.34 tCO2e/$MBrookfield Renewable PartnersYear: 2024Scope 1: 140,074 tCO2eRevenue: $M 8,103Scope 1 Intensity: 17.29 tCO2e/$MEletrobrasYear: 2024Scope 1: 2,332,558 tCO2eRevenue: $M 6,504Scope 1 Intensity: 358.63 tCO2e/$MSDIC Power HoldingsYear: 2023Scope 1: 49,912,082 tCO2eRevenue: $M 7,980Scope 1 Intensity: 6,254.87 tCO2e/$MLightYear: 2022Scope 1: 17,474 tCO2eRevenue: $M 2,460Scope 1 Intensity: 7.10 tCO2e/$MContact EnergyYear: 2024Scope 1: 947,491 tCO2eRevenue: $M 1,731Scope 1 Intensity: 547.49 tCO2e/$MFortumYear: 2024Scope 1: 1,351,041 tCO2eRevenue: $M 6,036Scope 1 Intensity: 223.85 tCO2e/$MBrookfield RenewableYear: 2024Scope 1: 134,654 tCO2eRevenue: $M 4,142Scope 1 Intensity: 32.51 tCO2e/$MDrax GroupYear: 2024Scope 1: 266,000 tCO2eRevenue: $M 7,733Scope 1 Intensity: 34.40 tCO2e/$MMeridian EnergyYear: 2024Scope 1: 1,060 tCO2eRevenue: $M 2,943Scope 1 Intensity: 0.36 tCO2e/$M

How does Meridian Energy's GHG emissions intensity compare to its peers?

In 2024, Meridian Energy reported a Scope 1 emissions intensity of 0.36 tCO₂e per millions USD. Compared to the peer group median of 127.62 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Meridian Energy rank on GHG emissions intensity within its industry?

In 2024, Meridian Energy ranked 3 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Meridian Energy among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Meridian Energy's Total Carbon Footprint

In 2024, Meridian Energy reported a total carbon footprint of 114,512 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 134.42% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Meridian Energy's total carbon footprint was Scope 3 emissions, accounting for 97.93% of the company's total carbon footprint, followed by Scope 2 emissions at 1.15%. a

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