Our emissions and energy
As a proud signatory of the Climate Leaders Coalition we’re committed to becoming carbon neutral by 2050.
Our emissions
We first measured our emissions in the 2019 financial year (1 June 2018 – 31 May 2019). These measurements serve as our base year for all future emissions to be compared against.
From FY19 to FY21 (1 June 2020 – 31 May 2021), we had an overall reduction in our total CO² emissions of 6.45%. Our FY21 biogenic methane rose by 0.14% from base year FY19.
Direct and Indirect emissions
|
Scope |
2018/2019 tCO2-e base year |
2019/2020 tCO2-e |
2020/2021 tCO2-e |
tCO2-e Variation from base year |
|---|---|---|---|---|
|
Scope Scope 1 direct emissions |
2018/2019 tCO2-e base year 5,089 |
2019/2020 tCO2-e 5,141 |
2020/2021 tCO2-e 5,272 |
tCO2-e Variation from base year 3.60% |
|
Scope Scope 2 indirect emissions |
2018/2019 tCO2-e base year 378 |
2019/2020 tCO2-e 351 |
2020/2021 tCO2-e 307 |
tCO2-e Variation from base year -18.78% |
|
Scope Scope 3 indirect emissions |
2018/2019 tCO2-e base year 7,062 |
2019/2020 tCO2-e 6,451 |
2020/2021 tCO2-e 6,141 |
tCO2-e Variation from base year -13.04% |
|
Scope Total |
2018/2019 tCO2-e base year 12,529 |
2019/2020 tCO2-e 11,943 |
2020/2021 tCO2-e 11,720 |
tCO2-e Variation from base year -6.45% |
Some of the decreases are likely attributed to the COVID-19 pandemic and limitations set on New Zealand in regard to travel and people required to work from home.
Biogenic methane emissions
|
Scope |
2018/2019 CH4 (tCO2-e) base year |
2019/2020 CH4 (tCO2-e) |
2020/2021 CH4 (tCO2-e) |
CH4 (tCO2-e) Variation from base year |
|---|---|---|---|---|
|
Scope Scope 1 biogenic methane emissions |
2018/2019 CH4 (tCO2-e) base year 3,215 |
2019/2020 CH4 (tCO2-e) 3,332 |
2020/2021 CH4 (tCO2-e) 3,219 |
CH4 (tCO2-e) Variation from base year +0.13% |
|
Scope Scope 3 biogenic methane emissions |
2018/2019 CH4 (tCO2-e) base year 543 |
2019/2020 CH4 (tCO2-e) 544 |
2020/2021 CH4 (tCO2-e) 544 |
CH4 (tCO2-e) Variation from base year +0.16% |
|
Scope Total emission |
2018/2019 CH4 (tCO2-e) base year 3,758 |
2019/2020 CH4 (tCO2-e) 3,876 |
2020/2021 CH4 (tCO2-e) 3,763 |
CH4 (tCO2-e) Variation from base year +0.14% |
Emission types
Scope 1 – Direct GHG emission sources
Direct emissions are generated by sources owned or controlled by us. For example emissions from our fleet vehicles, air conditioning units and agriculture emissions from our farms.
Scope 2 – Indirect GHG emission sources
Indirect emissions are derived from the generation of purchased electricity that is used by LIC.
Scope 3 – Other GHG indirect emission sources
Other indirect emissions are derived from the activities that are carried out by us but from sources not controlled by us. For example indirect emissions from staff vehicles used to travel to and from work.
Scope 1 – Biogenic methane
Scope 1 biogenic methane emissions are generated from enteric fermentation, manure from our cows and bulls, and from on-site wastewater treatment.
Scope 3 – Biogenic methane
Scope 3 biogenic methane emissions are generated from municipal wastewater treatment and waste.
Science-based emissions targets
We have defined the following science-based climate change targets to reduce our greenhouse gas emissions and limit the temperature increase to 1.5°C of pre-industrial levels:
- 46.2% reduction of Scope 1 and 2 emissions* by 2030 (against our 2018/19 base year)
- 28.88% reduction of Scope 3 emissions* by 2030 (against our 2018/19 base year)
- 10% reduction of biogenic methane by 2030 (against 2017 emissions)
*Excluding biogenic methane
To help us reach our targets we’re transitioning our company cars to plug in hybrid electric vehicles (PHEV) such as the Mitsubishi Outlander.
We’re also establishing programmes to support our staff and suppliers to reduce their GHG emissions.