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 2023, 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 2023
a. New Jersey Resources's Sustainability Report 2023
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 2023, the total operational greenhouse gas (GHG) emissions of New Jersey Resources amounted to 50,368 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 2022, the total operational greenhouse gas (GHG) emissions of New Jersey Resources decreased by 2.65%, 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

201820192020202120222023020 k40 k60 k80 ktCO2e-12%-1%-6%+1%-3%
  • Total Scope 1
  • Year-over-Year Change

What are New Jersey Resources's Scope 1 emissions?

In 2023, the total Scope 1 emissions of New Jersey Resources were 50,068 metric tons of CO₂ equivalent (tCO₂e). a

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

Since 2018, New Jersey Resources's Scope 1 emissions have decreased by 19.49%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), New Jersey Resources's Scope 1 emissions decreased by 2.92%, 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 2023, New Jersey Resources reported Scope 2 greenhouse gas (GHG) emissions of 300 tCO₂e using the market-based method. a

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

Compared to the previous year (2022), New Jersey Resources's Scope 2 emissions (Market-Based) rose by 84.05% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

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

In 2023, New Jersey Resources reported its Scope 2 emissions using the market-based method. a

New Jersey Resources's Scope 2 Emissions Over Time

20182019202020212022202303006009001.2 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 2023, New Jersey Resources reported Scope 1 greenhouse gas (GHG) emissions of 50,068 tCO₂e and total revenues of USD 1,963 millions. This translates into an emissions intensity of 25.51 tCO₂e 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)Portland General ElectricYear: 2023Scope 1: 6,843,029 tCO2eRevenue: $M 2,923Scope 1 Intensity: 2,341.10 tCO2e/$MNiSourceYear: 2023Scope 1: 5,492,279 tCO2eRevenue: $M 5,505Scope 1 Intensity: 997.62 tCO2e/$MCalifornia Water Service GroupYear: 2023Scope 1: 8,210 tCO2eRevenue: $M 795Scope 1 Intensity: 10.33 tCO2e/$MSouthwest Gas HoldingsYear: 2022Scope 1: 375,224 tCO2eRevenue: $M 4,960Scope 1 Intensity: 75.65 tCO2e/$MChesapeake UtilitiesYear: 2023Scope 1: 192,505 tCO2eRevenue: $M 671Scope 1 Intensity: 287.06 tCO2e/$MSpireYear: 2023Scope 1: 333,327 tCO2eRevenue: $M 2,666Scope 1 Intensity: 125.01 tCO2e/$MAtmos EnergyYear: 2023Scope 1: 156,162 tCO2eRevenue: $M 4,275Scope 1 Intensity: 36.53 tCO2e/$MMDU Resources GroupYear: 2023Scope 1: 1,963,433 tCO2eRevenue: $M 4,657Scope 1 Intensity: 421.58 tCO2e/$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: 2023Scope 1: 1,070,316 tCO2eRevenue: $M 8,928Scope 1 Intensity: 119.88 tCO2e/$MSempraYear: 2023Scope 1: 6,800,000 tCO2eRevenue: $M 16,720Scope 1 Intensity: 406.70 tCO2e/$MAvistaYear: 2022Scope 1: 2,458,675 tCO2eRevenue: $M 1,710Scope 1 Intensity: 1,437.65 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$MBlack HillsYear: 2023Scope 1: 4,512,017 tCO2eRevenue: $M 2,331Scope 1 Intensity: 1,935.41 tCO2e/$MDominion EnergyYear: 2023Scope 1: 29,500,000 tCO2eRevenue: $M 14,393Scope 1 Intensity: 2,049.61 tCO2e/$MPSEGYear: 2023Scope 1: 549,002 tCO2eRevenue: $M 11,237Scope 1 Intensity: 48.86 tCO2e/$MHawaiian Electric IndustriesYear: 2023Scope 1: 4,418,816 tCO2eRevenue: $M 3,682Scope 1 Intensity: 1,200.06 tCO2e/$MClearway EnergyYear: 2023Scope 1: 540,000 tCO2eRevenue: $M 1,314Scope 1 Intensity: 410.96 tCO2e/$MONE GasYear: 2023Scope 1: 417,058 tCO2eRevenue: $M 2,372Scope 1 Intensity: 175.83 tCO2e/$MAESYear: 2023Scope 1: 33,401,000 tCO2eRevenue: $M 12,668Scope 1 Intensity: 2,636.64 tCO2e/$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: 2023Scope 1: 50,068 tCO2eRevenue: $M 1,963Scope 1 Intensity: 25.51 tCO2e/$M

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

In 2023, New Jersey Resources reported a Scope 1 emissions intensity of 25.51 tCO₂e per millions USD. Compared to the peer group median of 421.58 , 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 2023, New Jersey Resources ranked 2 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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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