Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
Financial statements
Sustainability supplement
Security holder information
Minimising our impacts
The impacts of climate change are being felt around the world, and it is critical we set high sustainability standards for every facet of our business—from the design and construction of our roads to our daily operations—to minimise our impacts on the environment.
Our targets are:
Net zero emissions by 2050 Scope 1, 2 and 3
50% reduction in Scope 1 and 2 emissions by 2030 (Figure 9) 55% reduction in Scope 3 carbon intensity of our major projects by 2030 22% reduction in Scope 3 carbon intensity of purchased goods and services by 2030 10% energy- efficiency savings by 2023 from a 2013 baseline (Figure 8)
Figure 8: Progress to 10% energy-efficiency savings by 2023 (2013 baseline)
0.00 0%
-2%
-8%
-0.05 -4% -6%
-8%
-0.10 -10%
-4%
-12%
-4%
-0.15 -16% -14%
-18%
-0.20 -20%
Complete In progress
Potential opportunities
We have a detailed decarbonisation strategy to help us achieve both interim and long-term targets to reduce Scope 1 (fuel), Scope 2 (electricity) and Scope 3 (supply chain and major projects) GHG emissions and energy use. We have delivered 8% energy-efficiency savings, putting us on track to meet our target of 10% energy-efficiency savings by the end of 2023 (Figure 8).
Electricity represents 92% of Transurban’s total Scope 1 and 2 energy use, with most used to power our lighting, tunnel ventilation systems and traffic management centres. These efficiencies have come from improvement initiatives such as upgrading to more efficient LED lighting and optimising tunnel ventilation systems in response to updated traffic profiles.
Our 2030 interim targets have been externally validated by the Science Based Targets initiative, in line with climate science.
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