Transurban FY26 Corporate Report Section E: Metrics and targets
2050
2030
Target 1
Target 2
Target 3
Target 4
50% Absolute reduction in gross Scope 1 and 2 (market based) GHG emissions by FY30
22% Intensity reduction in gross Scope 3 GHG emissions from purchased goods and services (associated with road infrastructure maintenance and operation) per vehicle kilometre travelled (VKT) by customers by FY30
55% Intensity reduction in gross Scope 3 GHG emissions from capital goods per $M capital expenditure (Capex) by FY30
90% Absolute reduction in
gross Scope 1, 2 (market based) and 3 emissions by FY50 1,2
FY19 baseline
95,613 tCO 2 e
24.5 tCO 2 e/MVKT
185.4 tCO 2 e/$MCapex
493,282 tCO 2 e
FY26
21,845 tCO 77% reduction
2 e
15.8 tCO 2 e/MVKT
84.7 tCO 2 e/$MCapex
165,962 tCO 2 e
Progress towards targets
35% reduction
54% reduction
66% reduction
• Target achieved, primarily through renewable electricity procurement (PPAs). • Scope 1 emissions (8% of total energy consumption) addressed through consolidation of the Group’s • Scope 2 emissions (92% of total energy consumption) reduced through renewable electricity sourcing, including PPAs and renewable energy certificates, alongside ongoing energy efficiency improvements such as upgrades to tunnel ventilation and lighting. light vehicle fleet and reduction in internal combustion vehicles. Carbon dioxide (CO 2 ), methane (CH 4 ), nitrous oxide (N 2 O), hydrofluorocarbons (HFC), perfluorocarbons (PFC), sulfur hexafluoride (SF 6 ) and nitrogen trifluoride (NF 3 ).
• Target achieved, primarily through 63% increase in customer VKT against baseline. • Underlying Scope 3 calculation methodology (spend-based) does not reflect actual emissions reductions from suppliers. As an intensity target, and changes in customer VKT, without regard for supplier decarbonisation. • The Group has initiated a multi-year initiative to enhance Scope 3 Category 1 progress can be influenced by Group spending activities data quality and accuracy, subject to supplier data availability. Carbon dioxide (CO 2 ), methane (CH 4 ), nitrous oxide (N 2 O), hydrofluorocarbons (HFC), perfluorocarbons (PFC), sulfur hexafluoride (SF 6 ) and nitrogen trifluoride (NF 3 ).
• FY26 absolute Scope 3 Category 2 emissions decreased 93% against underlying baseline values. • The Group continues to pursue use of lower carbon and circular materials; include emission reducing considerations into major project specifications; and support industry partnerships to accelerate market for low carbon materials.
• Refer to the Group’s FY30 GHG emissions targets (Targets 1-3).
Greenhouse gases covered by the target
Carbon dioxide (CO 2 ), methane (CH 4 ), nitrous oxide (N 2 O), hydrofluorocarbons (HFC), perfluorocarbons (PFC), sulfur hexafluoride (SF 6 ) and nitrogen trifluoride (NF 3 ). Economic intensity (tCO 2 e/unit value added)
Carbon dioxide (CO 2 ), methane (CH 4 ), nitrous oxide (N 2 O), hydrofluorocarbons (HFC), perfluorocarbons (PFC), sulfur hexafluoride (SF 6 ) and nitrogen trifluoride (NF 3 ).
Target setting method
Absolute contraction
Physical intensity (tCO 2 e/ custom physical unit)
Absolute contraction
Review frequency
Annual
Annual
Annual
Annual
Metrics used to monitor progress
Percentage reduction in absolute Scope 1 and market- based Scope 2 emissions calculated in the current year compared to FY19.
Percentage reduction in Scope 3, Category 1 emissions intensity in the current year compared to FY19, including underlying changes in absolute emissions and customer VKT.
Percentage reduction in Scope 3, Category 2 emissions intensity in the current year compared to FY19, including underlying changes in absolute emissions and capital expenditure.
Percentage reduction in total Scope 1, 2 (market-based) and 3 emissions in the current year compared to FY19.
1 As stipulated by SBTi’s Corporate Net Zero Standard v1.0, the Group’s 90% emissions reduction target is considered to be consistent with reaching net zero emissions at the global or sectoral level. At the target date, the Group may need to neutralise a limited volume of residual emissions through beyond value chain mitigation measures to reach a state of net zero emissions. The Group’s net zero target was informed by the Paris Agreement, reflecting its target to achieving net zero emissions by FY50 2 Scope 3 emissions covered by Target 4 include all categories within the Group’s Scope 3 boundary. Refer to Appendix 2 for the Group’s approach to measuring emissions
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