2022 Corporate Report

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

Climate change risk management

Climate change will influence our business and operations into the future. We are committed to transition our business to net zero greenhouse gas (GHG) emissions by 2050 and are implementing broader business resilience and adaptation measures across our assets and major construction and development projects.

Our Climate Change Framework (Figure 25) is a business-wide strategy that supports two priority areas: the transition to net zero, and ensuring our infrastructure and operations are resilient under potential future conditions. The Framework applies to our Australian and North American operations and responds to our strategic climate-related risk themes including four strategic climate- related threats and two strategic climate- related opportunities.

Our Climate Change Framework positions us well to respond to climate-related threats and opportunities, and we continue to evolve our understanding of the ramifications arising from climate change. FY22 has seen us advance the implementation of the Framework with significant progress achieved in our two priority areas. In FY22, 56% of our electricity needs were met from renewable energy. Since June 2022 this has increased to two-thirds as we continue our transition to renewables.

Figure 25: Our Climate Change Framework

Transition to Net Zero

Resilient infrastructure and operations

Asset and business adaptation

Customer emissions

Low-carbon supply chain

Roadside regeneration

TCFD alignment

Climate risk integration


Climate risk impact assessments Integration with financial systems, processes and reporting Ongoing review, monitoring and reporting

Low-carbon materials

Scenario analysis

Customer engagement on fuel and

Improve vegetation and biodiversity

Energy efficiency upgrades

Embed relevant climate projections and associated risks (threats and opportunities) within processes and systems

Asset-specific Climate Risk and Adaptation Management Plans including adaptation pathways

emissions reduction

within our alignments

Circular economy

Onsite renewables

Support the uptake of zero-emissions vehicles

Partnerships and engagement

Green infrastructure

Renewable energy agreements

Training and capacity building


Twice-yearly updates provided to the ARC, Transurban Board and subsidiary Boards on climate-related aspects

Committee provide additional oversight and guidance on business-wide implementation of the Framework

Climate-related risk oversight by the Transurban Board’s ARC


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