We are focused on delivering sustainable operations at Marsden Point
Channel Infrastructure is firmly focused on the role that it can play to facilitate New Zealand’s transition to a lower carbon economy, while continuing to underpin resilience in New Zealand’s energy supply chain.
We are committed to caring for our people, the environment and the community in which we operate, focusing on sustainable practices to improve environmental, social and governance performance, delivering for all stakeholders.
We are on target to achieve our goal of Net Zero Scope 1 and 2 emissions by 2030, a target we set ourselves in 2022. This means we have gone from being one of the largest emissions intensive businesses listed on the New Zealand Stock Exchange to accounting for less than 0.1% of Scope 1 and 2 emissions. We continue to prioritise efforts to reduce our emissions and have entered into a long-term contract for the supply of renewable electricity. In 2024, for the first time, we also undertook to report on our company scope 3 emissions – you can read all about this in our latest sustainability report.
The decarbonisation of the New Zealand fuels supply chain presents a long-term opportunity for Channel Infrastructure, and we have a vision to make the most of these opportunities through the Marsden Point Energy Precinct.
It has long been our company commitment to be a good neighbour, and good citizen. As a company, we value the strong and enduring relationships we have with our local Northland Community, Iwi Partners, and central and local government. We firmly believe that what we do has a positive impact on Northland – from regional investment, local jobs, and economic development, through to our community sponsorship programme.
Renewable electricity supply at Marsden Point
Electricity costs make up one third of the Marsden Point terminal’s operating costs. We have now locked in a new long-term renewable supply contract for our site, which began from the start of 2024.
If all our electricity needs are supplied from renewable sources under the contract, that means for Channel we will have largely eliminated direct emissions from 2024 – some six years ahead of the company’s target.
