Meridian Energy Limited

Conventional Electricity
MEL.NZ
NZD 4.9 (1.8)%
Share price
$ 7.2 bn
Market Cap
$ 7.8 bn
Enterprise Value

Carbon footprint

0.18 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2021
How is this calculated?
+16%
YOY change in GHG emissions
Stronger than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Meridian Energy Limited's GHG emissions (market-based) (Kt of CO2e)
Meridian Energy Limited's Carbon intensity (Tons per 1 USDm)

Meridian Energy Limited's carbon footprint

Meridian Energy Limited reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 30 June 2021 at 1.4 Kt (+0.2/+16% y-o-y). At the sime time, carbon intensity was down at 0.5 t (-0.6 /-54.5% y-o-y).

Meridian Energy Limited's Scope 3 emissions grew to 913 Kt (+57/+6.7% y-o-y). The growth rate declined vs. the previous periods (CAGR +12% since 2Q'19).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Meridian Energy Limited also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Meridian Energy commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2021 base y ear.Meridian Energy also commits to reduce absolute scope 3 GHG emissions 50% within the same timeframe.

Company environmental metrics

Show more...