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New Jersey Resources Corp

Common Name
New Jersey Resources
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Gas
Employees
1,372
Ticker
NJR
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
New Jersey Resources Corporation is an energy services holding company that plays a critical role in the natural gas and clean energy sectors. The company's primary function is to provide regulated na...

New Jersey Resources's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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a
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Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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Verified Sources Behind New Jersey Resources’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 New Jersey Resources’s data sources below and access millions more through our Disclosure Search.

a. New Jersey Resources's Sustainability Report 2024
a. New Jersey Resources's Sustainability Report 2024
b. New Jersey Resources's CSR Report 2020
b. New Jersey Resources's CSR Report 2020

Insights into New Jersey Resources's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofNew Jersey Resources amounted to49,583metric 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 Resourcesdecreased by 1.29%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

New Jersey Resources's Scope 1 Emissions Over Time

2018201920202021202220232024020 k40 k60 k80 ktCO2e-12%-1%-6%+1%-3%-1%
  • Total Scope 1
  • Year-over-Year Change

What are New Jersey Resources's Scope 1 emissions?

In 2024, the total Scope 1 emissions of New Jersey Resources were 49,466 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has New Jersey Resources reduced its Scope 1 emissions over time?

Since 2018, New Jersey Resources's Scope 1 emissions have decreased by 20.46%, 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

What are New Jersey Resources's Scope 2 emissions?

In 2024, New Jersey Resources reported Scope 2 greenhouse gas (GHG) emissions of 117 tCOâ‚‚e using the market-based method.a

Has New Jersey Resources reduced its Scope 2 emissions over time?

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

What methodology does New Jersey Resources use for Scope 2 reporting?

In 2024, New Jersey Resources reported its Scope 2 emissions using the market-based method.a

New Jersey Resources's Scope 2 Emissions Over Time

201820192020202120222023202403006009001.2 ktCO2e
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into New Jersey Resources’s GHG Emissions Intensity Compared to Industry Peers

In 2024, New Jersey Resources reported Scope 1 greenhouse gas (GHG) emissions of 49,466 tCOâ‚‚e and total revenues of USD 1,797 millions. This translates into an emissions intensity of 27.53 tCOâ‚‚e per millions USD.a

New Jersey Resources's Scope 1 Emissions Intensity Compared to Peers

1,00020,000500,00010,000,000200,000,000Scope 1 Emissions (tCO2e)2005002,00010,00050,000Revenues (Millions of USD)BNiSourceYear: 2024Scope 1: 5,446,186 tCO2eRevenue: $M 5,455Scope 1 Intensity: 998.37 tCO2e/$MCalifornia Water Service GroupYear: 2023Scope 1: 8,210 tCO2eRevenue: $M 795Scope 1 Intensity: 10.33 tCO2e/$MSouthwest Gas HoldingsYear: 2024Scope 1: 379,165 tCO2eRevenue: $M 5,112Scope 1 Intensity: 74.17 tCO2e/$MChesapeake UtilitiesYear: 2023Scope 1: 192,505 tCO2eRevenue: $M 671Scope 1 Intensity: 287.06 tCO2e/$MSpireYear: 2024Scope 1: 368,254 tCO2eRevenue: $M 2,593Scope 1 Intensity: 142.02 tCO2e/$MAtmos EnergyYear: 2023Scope 1: 156,162 tCO2eRevenue: $M 4,275Scope 1 Intensity: 36.53 tCO2e/$MMDU Resources GroupYear: 2023Scope 1: 1,963,433 tCO2eRevenue: $M 4,657Scope 1 Intensity: 421.58 tCO2e/$MBBBrookfield InfrastructureYear: 2024Scope 1: 2,100,000 tCO2eRevenue: $M 3,666Scope 1 Intensity: 572.83 tCO2e/$MALLETEYear: 2023Scope 1: 4,288,000 tCO2eRevenue: $M 1,880Scope 1 Intensity: 2,281.09 tCO2e/$MMGE EnergyYear: 2023Scope 1: 1,637,171 tCO2eRevenue: $M 690Scope 1 Intensity: 2,371.23 tCO2e/$MUGIYear: 2024Scope 1: 1,024,385 tCO2eRevenue: $M 7,210Scope 1 Intensity: 142.08 tCO2e/$MNorthwest Natural HoldingYear: 2023Scope 1: 101,298 tCO2eRevenue: $M 1,197Scope 1 Intensity: 84.59 tCO2e/$MAvistaYear: 2023Scope 1: 3,035,164 tCO2eRevenue: $M 1,752Scope 1 Intensity: 1,732.84 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$MBlack HillsYear: 2024Scope 1: 4,500,012 tCO2eRevenue: $M 2,128Scope 1 Intensity: 2,114.97 tCO2e/$MDominion EnergyYear: 2024Scope 1: 31,862,016 tCO2eRevenue: $M 14,459Scope 1 Intensity: 2,203.61 tCO2e/$MPSEGYear: 2024Scope 1: 581,556 tCO2eRevenue: $M 10,290Scope 1 Intensity: 56.52 tCO2e/$MHawaiian Electric IndustriesYear: 2024Scope 1: 4,361,243 tCO2eRevenue: $M 3,220Scope 1 Intensity: 1,354.49 tCO2e/$MClearway EnergyYear: 2023Scope 1: 540,000 tCO2eRevenue: $M 1,314Scope 1 Intensity: 410.96 tCO2e/$MONE GasYear: 2024Scope 1: 892,747 tCO2eRevenue: $M 2,084Scope 1 Intensity: 428.47 tCO2e/$MAESYear: 2024Scope 1: 27,779,000 tCO2eRevenue: $M 12,278Scope 1 Intensity: 2,262.50 tCO2e/$MXcel EnergyYear: 2024Scope 1: 32,660,000 tCO2eRevenue: $M 13,441Scope 1 Intensity: 2,429.88 tCO2e/$MBrookfield RenewableYear: 2024Scope 1: 134,654 tCO2eRevenue: $M 4,142Scope 1 Intensity: 32.51 tCO2e/$MIdacorpYear: 2024Scope 1: 4,130,000 tCO2eRevenue: $M 1,827Scope 1 Intensity: 2,260.99 tCO2e/$MNew Jersey ResourcesYear: 2024Scope 1: 49,466 tCO2eRevenue: $M 1,797Scope 1 Intensity: 27.53 tCO2e/$M

How does New Jersey Resources's GHG emissions intensity compare to its peers?

In 2024, New Jersey Resources reported a Scope 1 emissions intensity of 27.53 tCOâ‚‚e per millions USD. Compared to the peer group median of 500.65, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does New Jersey Resources rank on GHG emissions intensity within its industry?

In 2024, New Jersey Resources ranked 2 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places New Jersey Resources among the top performers, with one of the lowest emissions intensities relative to peers.a

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