Company A has announced ambitious targets to reduce its Scope 1 and 2 greenhouse gas emissions to net zero by 2030, alongside an aspiration to achieve net zero Scope 3 emissions by 2050. The company’s climate transition plan focuses on two key areas: supporting customers in decarbonizing the energy, chemicals, and resources sectors, and reducing its own emissions.
Material actions and disclosures
Since its FY2020 baseline year, Company A has implemented several initiatives to reduce gross Scope 1 GHG emissions, focusing on its facilities and fleets. Notable actions include consolidating offices and worksites, improving energy efficiency at select sites, and replacing conventional petrol and diesel fleet vehicles with hybrid and electric models. The company has also increased its procurement of renewable electricity and retired Renewable Energy Certificates (RECs) to further reduce its Scope 2 emissions.
Company A’s Scope 1 emissions have increased due to higher activity levels and associated fuel consumption in its Middle East operations. Conversely, lower electricity consumption across its operations has contributed to overall lower Scope 1 and Scope 2 GHG emissions. The company has also improved its energy productivity by 51% compared to its baseline year, FY2020.
In addition, the company has continued to improve the accuracy and completeness of its Scope 3 GHG emissions inventory. Scope 3 emissions increased in FY2026 compared to FY2025, primarily driven by higher emissions reported in Category 1 Purchased goods and services and Category 11 Use of sold products.
Forward commitments
Company A plans to continue sourcing renewable electricity and acquiring and retiring RECs to further reduce its Scope 2 emissions. Despite these actions, the company expects to have a small amount of residual Scope 2 emissions in locations where there is limited access to renewable energy markets and where it uses district heating and cooling.
To address residual emissions, the company plans to use carbon credits from FY2029 to achieve net zero Scope 1 and Scope 2 emissions. Any credits used will be selected to meet recognized quality criteria, including additionality, permanence, and the avoidance of leakage and double counting.
Company A also aims to derive 75% of its revenue from sustainability-related work by the end of FY2026, reshaping its portfolio from approximately 30% sustainability-related work in FY2020 to 69% sustainability-related work in FY2026.
These actions and commitments reflect Company A’s ongoing efforts to support the Paris Agreement and its goal of limiting global warming to well below 2°C above pre-industrial levels, pursuing efforts to limit the temperature increase to 1.5°C.
Attributed to Company A’s FY2026 Sustainability Report.