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Insights
ESG Scope 3 & Target Credibility

ESG Scope 3 & Net Zero Target Credibility

Assess whether NZX companies' net zero and emissions reduction targets are backed by evidence — Scope 3 disclosure, declining emissions, SBTi validation, and defined baselines.

79
Companies Analyzed
40
Scope 3 Disclosed
12
Net Zero Targets
10
SBTi Validated
26
Avg Score

Scope 3 & Target Credibility (79 companies)

Ticker Company Sector Combined ↓RatingScope 3 Target Cred. Scope 3Net ZeroSBTi
FPH
FPH
Fisher & Paykel Healthcare Corporation LimitedHealthcare
96
Leading
90
100
2050
OCA
OCA
Oceania Healthcare LimitedHealthcare
86
Leading
80
90
—
MOV
MOV
MOVE Logistics Group LimitedIndustrials
84
Leading
90
80
2030
PCT
PCT
Precinct Properties New Zealand LimitedReal Estate
84
Leading
90
80
2030
WBC
WBC
Westpac Banking CorporationFinancials
78
Leading
90
70
2050
NZL
NZL
New Zealand Rural Land Company LimitedReal Estate
67
Progressing
70
65
—
SPG
SPG
Stride Property LimitedReal Estate
65
Progressing
80
55
2030
VNT
VNT
Ventia Services Group LimitedIndustrials
65
Progressing
50
75
2050
FBU
FBU
Fletcher BuildingMaterials
59
Progressing
50
65
2050
THL
THL
Tourism Holdings LimitedConsumer Discretionary
59
Progressing
65
55
—
AIA
AIA
Auckland International Airport LimitedIndustrials
57
Progressing
75
45
—
NZM
NZM
NZME LimitedCommunication Services
54
Progressing
0
90
—
HLG
HLG
Hallenstein Glasson Holdings LimitedConsumer Discretionary
47
Progressing
50
45
—
CHI
CHI
Channel Infrastructure NZ LimitedEnergy
46
Progressing
10
70
2030
CDI
CDI
CDL Investments New Zealand LimitedReal Estate
38
Lagging
50
30
—
LIC
LIC
Livestock Improvement Corporation LimitedFinancials
36
Lagging
0
60
—
AIR
AIR
Air New ZealandIndustrials
35
Lagging
65
15
—
SUM
SUM
Summerset Group Holdings LimitedHealthcare
35
Lagging
20
45
—
FCG
FCG
Fonterra Co-operative Group LimitedConsumer Staples
33
Lagging
0
55
—
FSF
FSF
Fonterra Shareholders' FundConsumer Staples
33
Lagging
0
55
—
GNE
GNE
Genesis Energy LimitedUtilities
32
Lagging
80
0
—
MEL
MEL
Meridian Energy LimitedUtilities
32
Lagging
80
0
—
MFT
MFT
Mainfreight LimitedIndustrials
32
Lagging
80
0
—
TRA
TRA
Turners Automotive GroupConsumer Discretionary
32
Lagging
50
20
—
STU
STU
Steel & Tube Holdings LimitedMaterials
31
Lagging
10
45
2050
NPH
NPH
Napier Port Holdings LimitedIndustrials
30
Lagging
75
0
—
NZK
NZK
New Zealand King Salmon Investments LimitedConsumer Staples
30
Lagging
75
0
—
NZX
NZX
NZX LimitedFinancials
30
Lagging
75
0
—
VCT
VCT
Vector LimitedUtilities
30
Lagging
75
0
—
WIN
WIN
Winton Land LimitedReal Estate
30
Lagging
75
0
—
GMT
GMT
Goodman Property TrustReal Estate
28
Lagging
70
0
—
SCL
SCL
Scales Corporation LimitedIndustrials
28
Lagging
70
0
—
SPK
SPK
Spark New Zealand LimitedCommunication Services
28
Lagging
70
0
—
TWR
TWR
Tower LimitedFinancials
28
Lagging
70
0
—
DOW
DOW
Downer EDI LimitedIndustrials
27
Lagging
0
45
2050
BIF
BIF
Booster Innovation FundFinancials
26
Lagging
65
0
—
EBO
EBO
EBOS Group LimitedHealthcare
26
Lagging
20
30
—
MFB
MFB
My Food Bag Group LimitedFinancials
26
Lagging
65
0
—
RAD
RAD
Radius Residential Care LimitedHealthcare
26
Lagging
65
0
—
MCK
MCK
Millennium & Copthorne Hotels New Zealand LimitedConsumer Discretionary
24
Lagging
60
0
—
PLP
PLP
Private Land and Property FundReal Estate
22
Lagging
55
0
—
DGL
DGL
Delegat Group LimitedConsumer Staples
21
Lagging
0
35
2050
GTK
GTK
Gentrack Group LimitedInformation Technology
21
Lagging
0
35
—
ATM
ATM
The a2 Milk Company LimitedConsumer Staples
20
Lagging
50
0
—
FRW
FRW
Freightways Group LimitedIndustrials
20
Lagging
50
0
—
PFI
PFI
Property for Industry LimitedReal Estate
20
Lagging
50
0
—
RUA
RUA
Rua Bioscience LimitedHealthcare
20
Lagging
50
0
—
SAN
SAN
Sanford LimitedConsumer Staples
20
Lagging
50
0
—
SPN
SPN
South Port New Zealand LimitedIndustrials
20
Lagging
50
0
—
WHS
WHS
The Warehouse Group LimitedConsumer Discretionary
20
Lagging
50
0
—
KPG
KPG
Kiwi PropertyReal Estate
16
Lagging
40
0
—
MHJ
MHJ
Michael Hill International LimitedConsumer Discretionary
15
Lagging
0
25
2025
MLN
MLN
Marlin Global LimitedFinancials
12
Lagging
0
20
—
AFT
AFT
AFT Pharmaceuticals LimitedHealthcare
8
Lagging
20
0
—
GXH
GXH
Green Cross Health LimitedHealthcare
8
Lagging
20
0
—
PGW
PGW
PGG Wrightson LimitedIndustrials
6
Lagging
0
10
—
SML
SML
Synlait Milk LimitedConsumer Staples
6
Lagging
0
10
—
CEN
CEN
Contact Energy LimitedUtilities
4
Lagging
10
0
—
IFT
IFT
Infratil LimitedUtilities
4
Lagging
10
0
—
MCY
MCY
Mercury NZ LimitedUtilities
4
Lagging
10
0
—
VSL
VSL
Vulcan Steel LimitedMaterials
4
Lagging
10
0
—
ARB
ARB
ArborGen Holdings LimitedIndustrials
0
No Data
0
0
—
BFG
BFG
Burger Fuel Group LimitedConsumer Discretionary
0
No Data
0
0
—
BRM
BRM
Barramundi LimitedFinancials
0
No Data
0
0
—
CMO
CMO
The Colonial Motor Company LimitedConsumer Discretionary
0
No Data
0
0
—
CVT
CVT
Comvita LimitedIndustrials
0
No Data
0
0
—
ERD
ERD
EROADIndustrials
0
No Data
0
0
—
FWL
FWL
Foley Wines LimitedConsumer Staples
0
No Data
0
0
—
HGH
HGH
Heartland Group Holdings LimitedFinancials
0
No Data
0
0
—
KFL
KFL
Kingfish LimitedFinancials
0
No Data
0
0
—
KMD
KMD
KMD Brands LimitedConsumer Discretionary
0
No Data
0
0
—
POT
POT
Port of Tauranga LimitedIndustrials
0
No Data
0
0
—
SCT
SCT
Scott Technology LimitedIndustrials
0
No Data
0
0
—
SEK
SEK
Seeka LimitedConsumer Staples
0
No Data
0
0
—
SKC
SKC
SkyCity Entertainment Group LimitedConsumer Discretionary
0
No Data
0
0
—
SKO
SKO
Serko LimitedIndustrials
0
No Data
0
0
—
TEM
TEM
Templeton Emerging Markets Investment Trust PLCFinancials
0
No Data
0
0
—
TGG
TGG
T&G Global LimitedConsumer Staples
0
No Data
0
0
—
VGL
VGL
Vista Group International LimitedInformation Technology
0
No Data
0
0
—

Methodology

Combined Score = 40% Scope 3 Disclosure + 60% Target Credibility. The combined rating is: Leading (70+), Progressing (40-69), Lagging (1-39), No Data (0).

Scope 3 Disclosure Score (0-100) evaluates: has Scope 3 data (+40), multi-year tracking (+15/+10), improving trend (+15), material share of total (+10), verified/assured (+10). Sector materiality adjusts the baseline — financial services and retailers are expected to disclose Scope 3 given its outsized share of their total footprint.

Target Credibility Score (0-100) evaluates 7 factors: emissions trajectory (25), SBTi validation (20), specific timeline (15), baseline year (10), multi-year data (10), intensity metrics (10), Scope 3 included (10).

Sector Materiality: Scope 3 is classified as high materiality for Financials, Consumer Staples/Discretionary, Industrials, IT, Communications, Healthcare; moderate for Energy, Materials, Real Estate, Utilities.

Data sourced from publicly available NZX filings and annual reports. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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