Discover the benefits of NZ-ECs
(New Zealand Energy Certificates)
Organisations are increasingly seeking to reduce their environmental impact.
After measuring and reporting their greenhouse gas (GHG) emissions inventory, businesses subsequently set ambitious goals to decrease GHG emissions, focusing on reducing their electricity usage and optimising efficiency of use.
Once a business progresses these goals, a common challenge is how to reduce the remaining unavoidable electricity emissions needed to run their operations. To overcome this issue, hundreds of small to large corporate energy users in Aotearoa use New Zealand Energy Certificates (NZ-ECs) as part of their company’s decarbonisation and emission reduction targets.
Discover how New Zealand Energy Certificates (NZ-ECs) enable you to:
• Reduce your Scope 2 emissions.
New Zealand Energy Certificates (NZ-ECs) enable you to confidently report your Scope 2 renewable electricity emissions as zero carbon under leading international standards (GHG Protocol Scope 2 Guidance, ISO 14064-1:2018).
• Support New Zealand’s renewable energy future.
By choosing which type of renewable energy you want to support (solar, wind, hydro, etc.) and by tracking that renewable energy with the New Zealand Energy Certificate System (NZECS), you provide a clear signal to generators and market regulators for less fossil-fuel energy use and production, and more renewable energy demand and development. You may also encourage other businesses to take action by contributing to a more carbon-intensive Residual Supply Mix (RSM).
• Reduce your exposure to climate-related risks.
As we transition to a low carbon economy, securing zero carbon electricity helps you mitigate financial risks that may arise from government policies, climate-related disclosures, banking regulations, consumer shifting preferences, etc.
• Reduce your carbon market risk.
Carbon credits are offsets that happen after carbon emissions have occurred, whereas NZ-ECs act as a proxy for the direct purchase of renewable energy. NZ-ECs lower the need to buy carbon credits for Scope 2 electricity emissions in an increasingly volatile carbon market, while supporting more renewable electricity generation here in Aotearoa.
• Meet your customers and value chain’s climate change expectations.
Impactful energy procurement sends a clear message to your customers that when they choose to buy from you, they also support impactful renewable energy generation. You may also increase resilience in your value chain by mitigating climate change impacts.
• Stand out with traceable, reliable and verifiable claims about the type of electricity that you support.
NZ-ECs are recognised and accepted by global partners such as CDP, SBTi, RE100, BCorp, and Climate Impact Partners. They may help NZ’s exporting businesses align with new international market regulations related to sustainability and climate change.