CBO has made significant progress in its climate strategy during the fiscal year 2026, focusing on carbon sequestration and the integration of newly acquired assets into its sustainability practices. The company’s greenhouse gas inventory highlights the substantial carbon sequestration capacity of its olive groves, which fully offset Scope 1, 2, and 3 emissions, delivering an overall surplus in carbon sequestration.
Material actions and disclosures
The company has comprehensively analysed and disclosed its GHG footprint, achieving targets set in the prior reporting period. CBO has also commenced pilot testing of carbon sequestration in Australian groves, evaluating pomace application to enhance soil carbon. Additionally, the company has upgraded irrigation drip line systems in Australia, replacing over 400,000 metres to maintain high-water efficiency rates.
During FY2026, CBO completed renewable energy feasibility studies across Australian operations, identifying priority sites for potential implementation. The company has also initiated the integration of COR into its environmental and reporting frameworks, creating opportunities to standardise practices and scale sustainability initiatives across a broader operational base.
Forward commitments
CBO aims to achieve an average 6% reduction in scope 1 and 2 emissions intensity by FY2030. The company plans to explore behind-the-meter renewable energy opportunities across its operations and establish a supplier engagement program to focus on scope 1 and 2 emissions measurement and reduction.
CBO remains committed to leveraging the natural advantages of olive cultivation while continuously improving its environmental performance and aligning with evolving best practices.
Attributed to the original announcement by CBO dated [Original announcement page 50; ESG score 138].