In 2024, New Jersey Resources 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) and Scope 2 (indirect emissions from purchased energy).
However, New Jersey Resources has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 49,466a | 50,068a | 51,576a | |
Total Scope 2 | ||||
Market-Based | 117a | 163a | 300a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 27.5341a | 25.5059a | 17.7482a |
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In 2024, the total operational greenhouse gas (GHG) emissions of New Jersey Resources amounted to 49,583 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 New Jersey Resources decreased by 1.29%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of New Jersey Resources were 49,466 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, New Jersey Resources's Scope 1 emissions have decreased by 9.93%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), New Jersey Resources's Scope 1 emissions decreased by 1.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, New Jersey Resources reported Scope 2 greenhouse gas (GHG) emissions of 117 tCO₂e using the market-based method.a
Since 2019, New Jersey Resources's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 88.65%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), New Jersey Resources's Scope 2 emissions (Market-Based) fell by 28.22% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, New Jersey Resources reported its Scope 2 emissions using the market-based method.a
In 2024, New Jersey Resources reported Scope 1 greenhouse gas (GHG) emissions of 49,466 tCO₂e and total revenues of USD 1,797 millions. This translates into an emissions intensity of 27.53 tCO₂e per millions USD.a
In 2024, New Jersey Resources reported a Scope 1 emissions intensity of 27.53 tCO₂e per millions USD. Compared to the peer group median of 142.02, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, New Jersey Resources ranked 9 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
New Jersey Resources is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a