CTM has reported its greenhouse gas (GHG) emissions and outlined its renewable energy targets, including a 40% renewable energy target achieved through investment in Large Scale Energy Generation Certificates (EACs).
Material actions and disclosures
CTM measures its GHG emissions in accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004). Scope 2 emissions are reported using the location-based method only, with no market-based Scope 2 emissions reported for FY26. This approach reflects the Group’s decision not to recognise renewable electricity claims for CTM offices in FY26 due to insufficient and appropriate supporting evidence.
The GHG inventory was conducted using emissions factors sourced from national guidelines updated to 2025 and other publicly available documents, predominantly the Australian National Greenhouse Accounts (NGA) Factors, the Intergovernmental Panel for Climate Change (IPCC) Sixth Assessment Report (AR6), the UK Government GHG Conversion Factors for Company Reporting, and the US EPA Emission Factors for GHG Inventories.
CTM’s total GHG emissions footprint for FY26 was 5,549 tCO2e, including emissions from all seven greenhouse gases (CO2, CH4, N2O, HFCs, PFCs, SF6, and NF3).
CTM’s FY26 renewable energy target was achieved through investment in EACs, with 1,084 MWh of EACs purchased, equal to 51% of energy used. While the Group procures renewable electricity for selected offices directly, it has adopted a conservative reporting approach for FY26 to allow sufficient time to verify that supporting documentation is robust and appropriate to substantiate any associated claims in FY27.
Forward commitments
CTM aims to increase the use of renewable energy sources and supply, with an absolute target of 100% renewable energy by FY30. In FY26, the Group met its interim target of 40% renewable energy through investment in EACs.
CTM also plans to reduce Scope 3 emissions related to fuel and energy-related activities, with a target of a >49% reduction by FY27 and >98% by FY30. No specific targets were set for FY26.
CTM’s commitment to carbon offsetting includes purchasing carbon offset credits to neutralise 100% of employee business travel emissions for FY26. This target was met through investment in carbon offset projects.
CTM’s governance uplift program will be delivered and embedded throughout FY27 and FY28, with a focus on governance, accountability, data and technology, risk and financial control, and assurance and internal audit.
These actions and commitments reflect CTM’s ongoing efforts to manage climate-related risks and opportunities, enhance governance, and support sustainable maturity.