Coles Group Limited has announced ambitious targets to reduce its combined Scope 1 and 2 greenhouse gas emissions by more than 75% by the end of FY30, based on a FY20 baseline. The company also aims to deliver net zero Scope 1 and 2 greenhouse gas emissions by 2050 and maintain sourcing of 100% renewable electricity.
Material actions and disclosures
Since FY20, Coles has been identifying, assessing, and managing its combined Scope 1 and 2 emissions inventory. By the end of FY26, the company reduced its emissions relative to the FY20 baseline by 82.6%, positioning it ahead of its FY30 target. Coles has also been reporting its decarbonisation emissions inventory in accordance with Australia’s mandatory climate-related financial disclosure regime, the Australian Sustainability Reporting Standards (ASRS).
Coles has not used carbon credits to achieve its FY30 Scope 1 and 2 emissions reduction target. The company’s Scope 1 emissions come from refrigerant gases, natural gas, and transport fuels, with a small contribution from stationary LPG and diesel. Scope 2 emissions come from the electricity purchased to power its stores, distribution centres, and offices.
Additionally, Coles aims to deliver an average of 30% recycled content in eligible packaging by the end of FY25 and ensure that greater than 85% of its solid waste is diverted from landfill.
Forward commitments
Coles plans to continue phasing out problematic and unnecessary eligible single-use plastic packaging by the end of FY30 and deliver net zero Scope 1 and 2 greenhouse gas emissions by 2050. The company also aims to achieve a Scope 3 Supplier Engagement Target (SET) of 80% of suppliers by spend to have science-based emissions reduction targets by the end of FY29.