Dexus, a leading Australian property company, has reported a significant reduction in its Scope 1 and 2 greenhouse gas emissions, achieving a 95% reduction from its 2018 baseline in the financial year ending June 2026. The company’s progress aligns with its commitment to maintain net zero emissions on Scope 1 and 2 for its managed portfolio with minimal offsets by 2040.
Material Actions and Disclosures
Dexus reported total Scope 1 and 2 market-based GHG emissions of 7,215 t CO2-e in FY26, down from 12,764 t CO2-e in FY22. The company has maintained 100% renewable energy use for the financial year and reduced Scope 1 and 2 emissions by 70% by 2030 from a 2018 baseline. Net greenhouse gas emissions intensity for FY26 was 91% from renewable electricity and 9% from carbon offsets.
Forward Commitments
Dexus aims to continue maintaining net zero emissions on Scope 1 and 2 for its Platform-managed portfolio. The company plans to develop a CRRO quantification tool to enhance integration of climate risk assessment and impact quantification into business processes. Additionally, Dexus will conduct site climate risk assessments across 15 assets to enhance understanding of climate physical risks and adaptation actions.
Dexus’s progress and commitments reflect its ongoing efforts to decarbonise its operations and manage environmental impacts in line with its sustainability goals.