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.

2020 GHG Inventory Report

2021 GHG Inventory Report