The company has established a Sustainability Committee and completed a comprehensive gap analysis to align with the mandatory AASB S2 Climate reporting requirements. The committee has identified all climate-related risks and opportunities across Australia, UK, and NZ jurisdictions, documented the methodology for quantifying these risks and opportunities, and gathered data to quantify Scope-1 and Scope-2 emissions within global operations. The company also considered different climate-change scenarios to understand resilience to physical and transitional risks.
Material actions and disclosures
The company has taken several material actions to comply with the AASB S2 Climate reporting requirement, including establishing a Sustainability Committee, identifying climate-related risks and opportunities, and gathering data to quantify emissions. The company has also documented the methodology for quantifying climate-related risks and opportunities and completed a comprehensive gap analysis to assess alignment with AASB S2.
The company has disclosed the number of meetings of directors and committees held during the year and the number of meetings attended by each director. The company also provided non-audit services by the auditor, which did not compromise auditor independence requirements.
The company’s long-term incentive (LTI) and short-term incentive (STI) plans are structured to align with the company’s strategic goals and to motivate and reward participants to achieve compound annual earnings growth and produce strong shareholder returns over the medium- to long-term. The LTI awards are subject to performance conditions over a three-year period.
Forward commitments
The company plans to publish its first ‘Sustainability Report’ to be presented with the FY2027 Annual Report. The company aims to address all identified gaps in alignment with AASB S2 and ensure compliance with the mandatory AASB S2 Climate reporting requirement. The company will continue to monitor and manage climate-related risks and opportunities and evaluate the effectiveness of the Sustainability Committee.
The company will review and adjust the LTI and STI plans based on performance outcomes and ensure the Board’s oversight and governance of executive remuneration. The company will maintain auditor independence and integrity.
Attributed to the company’s announcement on AASB S2 Climate reporting.