NextEnergy Group maintains carbon neutrality since 2022
London, May 21st, 2025, NextEnergy Group is on a mission to generate a more sustainable future by leading the transition to clean energy. The Group is developing a Climate Transition and Net Zero Plan as the roadmap for our business to meet with, or exceed, the latest and most ambitious climate science recommendations. The ultimate aim is to contribute to achieving the goals and targets of the Paris Agreement.
As part of this Plan, the Group is committed to achieving net zero carbon emissions. Becoming carbon neutral at the Group level1 is one of the first steps in our net zero ambition. Since 2022, we have calculated the Group’s annual Scope 1, 2 and 3 emissions2 with the support of an independent third party advisor.
We are pleased to announce that we have offset NextEnergy Group’s 2024 emissions with verifiable offsets, making the Group carbon neutral since 2022. The Group’s Scope 1, 2 and 3 emissions were 333.6t CO2e for the year ending 31 December 2024. This is a decrease of 147.8 tonnes compared to 2023. Despite the growth in the Group’s employees, our emissions intensity has also continued to decline from 2.26t CO2e/employee in 2022 to 0.92t CO2e/employee in 2024. More details about our efforts to reduce our carbon footprint can be found in NextEnergy Group’s 2024 Sustainability Report.
We select nature-based projects to offset our residual emissions because we recognise that our continued success not only depends on leading the clean energy transition, but also safeguarding nature. The offset projects we have selected will extend the Group’s nature positive impact beyond our direct operations, thus contributing to our vision for a nature positive future. More details about the roadmap to achieve this vision can be found in NextEnergy Group’s Nature Strategy.
2024 – Upper Tana
The Upper Tana – Nairobi Water Fund Trust (UTNWF) operates within Kenya’s Tana River watershed basin, which supplies water to Nairobi and powers 40% of the country’s electricity. The Fund collaborates with 165,000 farmers across four counties, promoting sustainable land management and biodiversity restoration. The project provides farmers with training, tools, and support for agroforestry, terracing, and conservation agriculture, all of which is aimed at increasing resilience to climate change. The project follows Plan Vivo standards, the only carbon standard which guarantees fair benefit sharing between participants and project coordinators. At least 60% of the money from every Plan Vivo credit bought must go directly to the participants. In this way, NextEnergy Group is not only expanding our contribution to climate change mitigation and nature protection beyond our direct operations, but also the positive outcomes we co-create with communities to ensure a just transition.
Plan Vivo project link: Upper Tana-Nairobi Water Fund – The Documents | Plan Vivo Foundation
NextEnergy Group credit retirement link: S&P Global Registry – Public Report