- Environment Court Appeal against one of the Rangitāiki solar project’s resource consents delayed the project.
- Lack of a durable and coherent policy framework in New Zealand constraining the speed at which renewable generation can be brought to market.
- Increased difficulty in obtaining debt funding for fossil fuel-related investment.
The Todd Corporation Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Todd Corporation Limited disclosed greenhouse gas emissions of 4.1K ktCO2e/year. By scope: Scope 1: 972 ktCO2e/year; Scope 2: 1 ktCO2e/year; Scope 3: 3.1K ktCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
4.1K ktCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 972 ktCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1 ktCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.1K ktCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Regenerated 11.5 ha of biodiversity in 2023, including planting 39,000 native plants.
- Reduced emissions across Todd Energy, Nova Energy, TEC and corporate office by 4% from 2022 to 2023 (4,073 ktCO2e in 2023).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete electrification of remaining compression facilities.
- Implement fugitive methane emissions programme.
📅 Medium-term
- Reduce Todd’s locally produced Scope 1, 2, and 3 emissions by 41% by 2030 (from 2020 baseline).
- Develop 100 MW of solar energy capacity.
🔭 Long-term
- Achieve Net Zero for Scope 1 and 2 emissions by 2045.
- Achieve Net Zero for Scope 1, 2 and 3 emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeCommunity EngagementBiodiversityHealth & SafetyDiversity, Equity and Inclusion