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 will serve as our base year that all future emissions will be compared against.

From FY19 (1 June 2018 – 31 May 2019) to FY20 (1 June 2019 – 31 May 2020) we had an overall reduction in our emissions of 5.44%.

Emissions

Emission type

tCO2-e FY19

tCO2-e FY20

% change

Emission type Scope 1 direct emissions

tCO2-e FY19 4,282

tCO2-e FY20 4,152

% change -3.03%

Emission type Scope 2 indirect emissions

tCO2-e FY19 363

tCO2-e FY20 345

% change -5.11%

Emission type Scope 3 indirect emissions

tCO2-e FY19 6,161

tCO2-e FY20 5,395

% change -12.44%

Emission type Scope 1 biogenic methane

tCO2-e FY19 2,623

tCO2-e FY20 2,624

% change 0.04%

Emission type Scope 3 biogenic methane

tCO2-e FY19 3,141

tCO2-e FY20 3,153

% change 0.39%

Emission type Total

tCO2-e FY19 16,570

tCO2-e FY20 15,669

% change -5.44%

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.

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.