Duratec Limited has established a Group-wide target to achieve a 30-50% reduction in Scope 1 and Scope 2 gross emissions intensity by 2035. This target, which was developed during the reporting period, aims to be achieved through direct emissions reduction initiatives, including energy efficiency measures and renewable electricity procurement.
Material actions and disclosures
The target-setting process identified and prioritised several key initiatives to underpin the delivery of the emissions reduction target. These include progressive adoption of electric vehicles across the fleet, electrification of plant and machinery where feasible, and the purchase of accredited GreenPower to ensure electricity is sourced from certified renewable energy generation sources.
The Group also recognises the limitations and assumptions associated with its target, such as the current market and operational constraints that prevent the immediate electrification of remote-based vehicles. Additionally, the Group is reliant on rental agreements and capital investment to support onsite electrification and reduced diesel use.
Further, the Group has not quantified exposure to climate-related risks and opportunities or applied an internal carbon price during the reporting period. Executive remuneration was not directly linked to climate-related key performance indicators.
Forward commitments
Duratec aims to continue assessing alignment with external frameworks as its climate strategy matures. The Group does not currently intend to use carbon credits or offsets to achieve the target and has not established interim quantitative milestones.
The review process for the emissions reduction target is expected to occur during the FY27 reporting cycle, considering progress against the target, changes in the Group’s emissions profile, energy consumption trends, and developments in market conditions, regulatory requirements, and available low-emissions technologies.
Duratec’s climate-related disclosures, including Scope 1 and 2 emissions, climate scenario analysis, and climate risk assessment, have been prepared in accordance with AASB S2 Climate-related Disclosures and on a basis consistent with the Group’s consolidated financial statements for the year ended 30 June 2026.