Transurban Corporate Report FY25 Climate disclosure
Climate disclosure
Review this disclosure alongside relevant documents from our FY25 reporting suite: FY25 Sustainability Data Pack Data sets for sustainability metrics, including Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), Taskforce on Climate- related Financial Disclosures Index (TCFD), and our alignment with the United Nations (UN) Sustainable Development Goals (SDGs).
We are committed to reducing greenhouse gas (GHG) emissions and ensuring our assets remain resilient so that our customers can get where they need to go as quickly, efficiently and safely as possible.
In FY25, we continued to reduce scope 1 and 2 emissions, engage with our suppliers on GHG management, and implement climate resilience and adaptation measures across assets and projects. Our near-term 2030 GHG emissions targets, 1 and our 2050 net zero targets are aligned with Science Based Targets initiative (SBTi) methodology. 2
More information on our progress against these climate commitments and a summary of key activities undertaken in response to the TCFD recommendations can also be found in our FY25 Sustainability Data Pack. From FY26, we will be reporting in line with the new ASRS climate standards, which have been formally adopted in Australia.
FY25 Sustainability Basis of Preparation Description of the key
Our climate disclosure is structured around the TCFD themes: • Climate governance (see below) • Climate strategy (page 53) • Climate risk management (page 56) • Climate-related metrics and targets (FY25 Sustainability Data Pack)
boundaries, methodologies, and references used in the preparation of a selection of sustainability metrics and climate disclosures.
Climate governance
Board oversight Transurban considers risks to be threats and opportunities. Climate-related risks are overseen by the Transurban Board. The Audit and Risk Committee (ARC) assists the Board in the oversight of such risks. Throughout the year, ARC is updated on key risks (which may include any material risks with a cause or consequence related to climate change) through our standard business and operational risk reporting. ARC also received updates on climate-related risks, areas of progress and relevant regulatory developments, including in relation to new mandatory climate-related financial disclosures.
Ex-Tropical Cyclone Alfred response, Brisbane
Management responsibility All areas of our business are responsible for identifying and managing climate-related risks, which are identified, assessed and prioritised using our Enterprise Risk Management (ERM) Framework (see page 68 for more information).
As of April 2025, Transurban’s Group Executive Delivery and Risk became
accountable for sustainability and climate- related activities. A new Sustainability Steering Committee, comprising the Group Executive Delivery and Risk, Group Executive Australian Markets, and Group Executive Corporate Affairs was created in May 2025 to oversee sustainability activities.
1 Near-term refers to our 2030 emissions reduction target as per SBTi methodology. Throughout our climate disclosure, “short term” is also used to refer to climate impacts and associated risks identified to 2030, as defined by Transurban’s Climate Change Risk and Adaptation Guideline. 2 All GHG emissions targets are relative to a FY19 baseline. scope 3 does not include customer emissions. Our near-term 2030 GHG emissions targets were validated by SBTi in 2020 but have not been revalidated within the mandatory 5-year review period pending updates to SBTi's Corporate Net Zero Standard. For more information on Transurban’s reporting approach and boundaries, please see the FY25 Sustainability Basis of Preparation
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