Governance and risk
Directors' Report
Financial statements
Assurance statements
Security holder information
Introduction Business performance Stakeholders Sustainability
Contents
Section E: Metrics and targets This section outlines the Group’s performance against its climate-related metrics and targets, supporting an understanding of how the Group is managing climate-related risks and opportunities and tracking progress against its decarbonisation targets.
Reporting boundary for GHG emissions In accordance with the GHG Protocol, the Group applies the operational control approach to establish its organisational boundary for the reporting of GHG emissions. The operational control approach is considered the most appropriate method for measuring the Group’s GHG emissions, considering that there are entities and assets outside the Group’s financial reporting group over which it has operational control and where it can directly influence GHG emission outcomes. The organisational boundary used for GHG reporting may differ from the consolidation boundary used for financial reporting. Operational control assessments are consistent with the reporting boundary applied under the Australian National Greenhouse and Energy Reporting (NGER) where applicable. 100% of GHG emissions from entities, assets, and operations over which the Group has operational control are included in the GHG emissions reported by the Group, irrespective of its ownership interest.
These are reported as either Scope 1 or Scope 2 GHG emissions. Any additional emissions generated in the value chain of these entities, assets and operations are reported as Scope 3 emissions in accordance with the approach outlined in Appendix 2. All other indirect GHG emissions that are a consequence of the Group’s activities across its value chain but occur from sources over which the Group does not have operational control are reported as Scope 3 emissions. For assets in which the Group has an equity interest, but no direct operational control the Group includes its share of emissions based on its share of equity under Scope 3, Category 15, where material. These emissions have been estimated using reasonable and supportable information available at the reporting date. For FY26, the Group has operational control across the following assets as it has authority to introduce and implement operational policies. Major projects which are under the control of construction contractors are excluded. Assets that are consolidated for financial reporting purposes are also shown in the table below.
Assets
Consolidated for financial reporting Operational control
Ownership
Victoria, Australia CityLink West Gate Tunnel 1
Yes Yes
Yes Yes
100 % 100 %
New South Wales, Australia Hills M2
Yes Yes Yes Yes Yes No No No No No No No Yes Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No Yes Yes Yes Yes Yes Yes Yes Yes Yes
100 % 100 % 75.1 % 100 % 100 %
Lane Cove Tunnel Eastern Distributor Cross City Tunnel
M5 West
M4 Motorway WestConnex M8
50 % 50 % 50 % 50 % 50 % 50 % 50 %
M4-M8 Link
M5 East
Rozelle Interchange
NorthConnex Westlink M7
Queensland, Australia Gateway Motorway
62.5 % 62.5 % 62.5 % 62.5 % 62.5 % 62.5 %
Logan Motorway Go Between Bridge
Legacy Way AirportlinkM7
Clem7
Greater Washington Area, United States of America I-95 Express Lanes
No No No
50 % 50 % 50 %
I-495 Express Lanes I-395 Express Lanes Montreal, Canada A25 2
No
No
— %
1 The Group gained operational control of the West Gate Tunnel from 12 December 2025 2 In June 2026, Transurban sold its remaining 50% interest in the A25 concession, and subsequently ceased operational control of the A25 asset. Relevant GHG emissions metrics are included in the Group's reported disclosures during FY26 while Transurban maintained operational control
59
Made with FlippingBook Digital Publishing Software