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Our Environmental Stewardship

We launched our Climate Strategy, R2O in 2023, outlining the comprehensive approach to climate mitigation and adaptation. This strategy employs a two-pronged approach to climate action, focusing on a structured transition towards net-zero emissions ‘Reduce to Net-zero’, while strengthening climate adaptation efforts to enhance our long-term resilience against climate-related risks ‘Resilience in a Net-zero World’.

In FY2023, we announced our ambition to achieve net-zero carbon emissions by 2050, marking a significant milestone under the R2O Strategy.

Our Climate Commitment

Our Climate Commitment

In FY2023, we announced our ambition to achieve net-zero carbon emissions by 2050, marking a significant milestone under the R2O Strategy.

Scope 1

Net-zero by 2050

Scope 2

Net-zero by 2035 via 100% renewable electricity

Scope 3
Operational Emissions
Net-zero by 2050:
Category 4 - Upstream transportation and distribution
Category 5 - Waste generated
Category 6 - Business travel
Embodied Emissions
Engage with supply chain for low-carbon plans by 2027:
Category 1 - Purchased goods and services

Our Reduction Strategy

Our emissions reduction strategy centres on proactive supplier engagement, forging strategic industry partnerships and adopting low-carbon input materials to drive meaningful change across the value chain.

Reduce to Net-zero
Energy Optimisation
Explore alternative fuels
Electrification
Improve energy efficiency
Utilise alternative methods and input materials
Increase renewable energy adoption
Adopt low carbon transportation
Scope of Emissions Addressed
Scope 1, 2 and Operational Scope 3
Supply Chain Advocacy
Reduce waste via material and operational efficiency
Adopt circular economy approach
Provide complimentary training to major suppliers
Enhance procurement strategies
Operational and Embodied Scope 3
Industry Engagement
Work with industry associations and peers to align decarbonisation goals
Advocate whole of industry transition towards low carbon and climate resilience
Embodied Scope 3
Product Stewardship
Incorporate sustainable design principles
Use of current and emerging technologies such as BIM and IBS
Prioritise low-carbon raw materials
Embodied Scope 3

Our Resilience Strategy

Our resilience strategy is focused on strengthening adaptive capacity across the value chain. This includes ongoing climate-related risk assessments and monitoring of the Group’s exposure to evolving climate science, market developments and regulatory requirements.

Resilience in a Net-zero World
Climate Risk Integration with ERM
Incorporate climate risk into ERM
Build internal capacity and understanding
Active partnerships with industry associations and like-minded stakeholders, particularly for systemic climate risks
Asset and Business Adaptation
Continuously assess physical qualitative climate risk assessment, based on available scientific data
Conduct quantitative assessment for projects and assets with higher exposure
Build supply chain resilience
TCFD Alignment
Perform benchmarking and disclose climate risks and opportunities
Continuous monitoring and reporting
Our Resilience Strategy