Cochlear, a leading provider of hearing solutions, has set a target to achieve net-zero emissions in its operations by 2030. The company’s principal ESG development focuses on reducing its environmental impact through the use of renewable energy and strategic actions to enhance resilience to climate-related matters.
Material actions and disclosures
Cochlear has achieved 100% renewable electricity across its manufacturing sites in FY26, with renewable energy use remaining stable at approximately 80% since FY23. The company has also seen significant reductions in Scope 1 and 2 emissions since FY19, with the steepest reductions achieved in the early years of the target period, primarily through the rapid uptake of renewable energy.
Cochlear continues to monitor progress against its target using metrics such as absolute Scope 1 emissions (tCO₂-e), absolute Scope 2 emissions (market-based, tCO₂-e), emission intensity per unit, and emission intensity per mAUD. The company plans to develop a climate-related transition plan with key elements to be disclosed in the subsequent report.
Forward commitments
Cochlear aims to achieve net-zero emissions in its operations (Scope 1 and 2) by 2030. The company will continue to assess and prioritize opportunities to reduce Scope 1 emissions, considering their operational and economic viability. Cochlear will also continue to focus on increasing the use of renewable electricity where available and appropriate for its operations.
The company will purchase and surrender certified carbon credits to offset residual emissions that cannot be practically abated. Cochlear will seek to quantify the disclosure of its carbon pricing in future reporting periods as its measurement capabilities mature.
Cochlear will continue to monitor progress against its target using the below metrics: absolute Scope 1 emissions (tCO₂-e), absolute Scope 2 emissions (market-based, tCO₂-e), emission intensity per unit, and emission intensity per mAUD. The company will continue to reassess its approach as market and regulatory expectations evolve.
Cochlear’s primary area of potential physical risk vulnerability relates to inventory and critical operational assets, including manufacturing and warehouse facilities. The company has commenced evaluating strategic actions to enhance resilience to climate-related matters.