Austin Engineering Limited has released its FY26 Sustainability Report, detailing its environmental, social, and governance performance. The report highlights a 24% reduction in greenhouse gas (GHG) emissions, driven by a 10% reduction in Scope 1 emissions and a 29% reduction in Scope 2 emissions. The company also reported zero fatalities globally and a 50.2% decrease in LTIFR (Lost Time Injury Frequency Rate) and a 36.5% decrease in TRIFR (Total Recordable Incident Frequency Rate).
Material actions and disclosures
Austin Engineering Limited has made significant progress in its environmental management, with a focus on reducing GHG emissions and improving energy efficiency. The company has also advanced its austIQ digital platform, providing real-time insights on equipment health across customer fleets, and extended the life of its mining equipment through predictive analytics and automation.
Regarding social impact, Austin Engineering Limited has continued to strengthen its approach to workforce diversity and inclusion. Female representation in the total workforce increased from 7.6% to 10.8%, while female employees rose from 99 to 118. The company aims to leverage improvements in its data capture system to better understand workforce composition and identify areas for targeted action.
In terms of governance, Austin Engineering Limited has formalised an emissions target-setting process and developed a Global Environmental Sustainability Policy. The company also plans to develop a formal Environmental Management Plan to document objectives, targets, and initiatives consistently across the business.
Forward commitments
Austin Engineering Limited plans to continue its focus on product innovation, energy efficiency, and workforce development in FY27. The company aims to further strengthen its Health, Safety, and Environment (HSE) management system and support the identification and assessment of modern slavery risks across its supply chain. Additionally, Austin Engineering Limited intends to develop and implement a Human Rights Policy across the global organisation.
Austin Engineering Limited will continue to monitor and report on its GHG emissions, aiming to achieve year-on-year reductions in both waste to landfill and CO2 emissions. The company also plans to improve its waste management system, procedures, and plans to ensure material efficiency initiatives are consistently captured within the sustainability reporting framework.