Mercury NZ Ltd 2019 AR2
The report highlights Mercury NZ Limited's performance for the fiscal year ended June 30, 2019, emphasizing its mission of 'Energy Freedom' through renewable energy. The company achieved a record net profit after tax of $357 million, driven by the sale of its Metrix smart-metering business and lower interest costs, despite lower hydro generation due to dry weather. Mercury committed $256 million to construct its first wind farm at Turitea and invested $75 million in the Karapiro hydro station refurbishment. The company also reduced its carbon intensity by 44% since FY2015 and maintained a 100% renewable generation portfolio of hydro and geothermal energy.
Company: Mercury NZ Ltd
Sector: Utilities
Country: New Zealand
Year: 2019
Type: AR2
Pages: 65
Mercury NZ Ltd
Annual Report
The report highlights Mercury NZ Limited's performance for the fiscal year ended June 30, 2019, emphasizing its mission of 'Energy Freedom' through renewable energy. The company achieved a record net profit after tax of $357 million, driven by the sale of its Metrix smart-metering business and lower interest costs, despite lower hydro generation due to dry weather. Mercury committed $256 million to construct its first wind farm at Turitea and invested $75 million in the Karapiro hydro station refurbishment. The company also reduced its carbon intensity by 44% since FY2015 and maintained a 100% renewable generation portfolio of hydro and geothermal energy.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2019
Reporting Period
Jul 1, 2018 - Jun 30, 2019
Fiscal Year
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
Women on Board
Women in Management
Employees