Climate Change Data

New Jersey Resources (NJR)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:48,438 tCO2e/year (New Jersey operations)
Scope 1 Emissions:50,068 tCO2e/year
Scope 2 Emissions:163 tCO2e/year
Renewable Energy Share:98% (electricity)

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Renewable Energy
  • Diversity, Equity, and Inclusion (DEI)
  • Community Engagement
  • Safety
  • Corporate Governance

Environmental Achievements

  • Reduced New Jersey operational GHG emissions by 59.7% from 2006 baseline.
  • Achieved the highest single-year investment of $60 million in energy-efficiency programs, cutting carbon emissions by helping customers reduce their energy consumption.
  • Developed North America’s largest capped landfill and largest floating solar array.
  • Reduced emissions from distribution system by 57% while increasing customer base by 16% over 10 years.
  • Installed distributed carbon capture technology at Wall Township headquarters.

Social Achievements

  • NJR employees, retirees, and families provided approximately 4,000 volunteer hours.
  • Supported the construction of 24 affordable housing units.
  • Invested over $1.2 billion in solar projects.
  • Named one of America’s Most Responsible Companies by Newsweek for the fifth consecutive year.

Governance Achievements

  • Meaningful link between executive compensation and sustainability efforts.
  • Board includes 9 independent directors, 30% female, 30% ethnically/racially diverse.
  • Robust Enterprise Risk Management assessment conducted annually.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero carbon emissions from New Jersey operations by 2050.
Short-term Goals:
  • Reduce New Jersey operational emissions by 60% from 2006 levels by 2030.

Environmental Challenges

  • Physical climate-related risks from changing weather patterns.
  • Transition risks associated with climate change regulation.
  • Potential impacts of climate change legislation and executive orders.
  • Maintaining energy affordability for customers.
Mitigation Strategies
  • Investing in energy efficiency programs and solutions (SAVEGREEN).
  • Developing and integrating low- and zero-carbon fuels (RNG, hydrogen).
  • Deploying innovative technologies (distributed carbon capture, GHPs).
  • Proactive management of natural gas supply costs (hedging).

Supply Chain Management

Responsible Procurement
  • Commitment to increase diverse supplier spending.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Growth in renewable energy

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, American Gas Association

Sustainable Products & Innovation

  • Renewable natural gas
  • Clean hydrogen
  • Natural gas heat pumps
  • Distributed carbon capture technology

Awards & Recognition

  • Newsweek’s America’s Most Responsible Companies (5 consecutive years)
  • Pennsylvania Governor’s Award for Safety Excellence (Adelphia Gateway)
  • American Gas Association Industry Leader Accident Prevention Award (NJNG)