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Origin Energy

Origin Energy is a publicly listed energy company headquartered in Australia. In 2020, it had USD 10.1 billion in revenue and a reported 5,200 employees*. Its primary operations are gas exploration and production, electricity generation and gas and electricity retailing. Origin has good targets and disclosures for its climate strategy focussed on its electricity business, but more disclosure is needed on its long-term approach to its gas operations.

Ranking position
#12/100
Total score
29.3/100
Performance score
7.3/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

20.2 / 100 #13

Material Investment

33.0 / 100 #5

Intangible Investment

0.0 / 100 #20

Sold products

58.7 / 100 #2

Management

40.8 / 100 #35

Supplier Engagement

15.0 / 100 #28

Client Engagement

43.8 / 100 #8

Policy Engagement

44.0 / 100 #13

Business Model

40.0 / 100 #5

Leading practices

Risks and opportunities

Trend

Origin receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Based on the trend between 2014 and 2019, the company’s scope 1 and 2 emissions intensity is expected to decrease, though probably not at the same rate, while its scope 1, 2 and 3 emissions intensity is expected to remain stable or decrease slightly. Its target for scope 3 intensity emissions does not include exported LNG and with little detail around how it plans to reduce scope 3 emissions from its integrated gas business, Origin is unlikely to align with its 1.5°C pathway.

As a pure gas player, Origin is insulated from the short-term pressure to decarbonise, because gas is seen as a transition fuel in most scenarios. This may be leading the company towards a level of complacency regarding the transition plan for its gas operations, and consequently to a lack of investment in research and development (R&D) towards developing new business streams to replace gas in its portfolio.

Progress towards the Paris Agreement

More about the company

Headquarters
Sydney, Sydney, Australia
Group revenue
AUD 1,315.7 billion (USD 10.13 billion)
Ownership structure
Publicly listed
Number of employees
5,200
Scope of activity
Integrated
Website
https://www.originenergy.com.au/