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
In FY2023, we announced our ambition to achieve net-zero carbon emissions by 2050, marking a significant milestone under the R2O Strategy.
Net-zero by 2050
Net-zero by 2035 via 100% renewable electricity
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.
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.
- Incorporate climate risk into ERM
- Build internal capacity and understanding
- Active partnerships with industry associations and like-minded stakeholders, particularly for systemic climate risks
- 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
- Perform benchmarking and disclose climate risks and opportunities
- Continuous monitoring and reporting
