Contact Energy Ltd. 2019 AR2
The report highlights Contact Energy's strong financial and operational performance for the fiscal year 2019, emphasizing its transition toward renewable energy. Key achievements include the sale of Rockgas and Ahuroa Gas Storage, which significantly strengthened the balance sheet and positioned the company for future investments like the Tauhara geothermal development. Contact became the first New Zealand energy company to have emission reduction targets approved by the Science Based Targets initiative and the first to support the Task Force on Climate-related Financial Disclosures. Additionally, the company achieved 83% renewable generation and successfully reduced its Scope 1 greenhouse gas emissions by 16% compared to the previous year.
Company: Contact Energy Ltd.
Sector: Energy utilities
Country: New Zealand
Year: 2019
Type: AR2
Pages: 92
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Contact Energy Ltd.
Annual Report
The report highlights Contact Energy's strong financial and operational performance for the fiscal year 2019, emphasizing its transition toward renewable energy. Key achievements include the sale of Rockgas and Ahuroa Gas Storage, which significantly strengthened the balance sheet and positioned the company for future investments like the Tauhara geothermal development. Contact became the first New Zealand energy company to have emission reduction targets approved by the Science Based Targets initiative and the first to support the Task Force on Climate-related Financial Disclosures. Additionally, the company achieved 83% renewable generation and successfully reduced its Scope 1 greenhouse gas emissions by 16% compared to the previous year.
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Document Details
Report Year
2019
Reporting Period
Jul 1, 2018 - Jun 30, 2019
Fiscal Year
2019
Published
Aug 12, 2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Renewable Energy
Water Consumption
Women on Board
Women in Management
Employees