Genus has established a 36% reduction target for Scope 1 and 2 GHG emissions by 2030, supported by a year-on-year 6% reduction target. The company’s leadership is committed to playing a role in the delivery of projects that enable a more resilient Australia, responsibly managing its own impact, and helping its clients meet their climate commitments.
Material actions and disclosures
Genus has set absolute gross GHG emissions reduction targets for Scope 1 and 2 emissions, which were approved at the Board level in November 2024. These targets are aligned with the Science-based Target Initiative and are absolute targets, not intensity targets.
The company has also established a Climate Transition Plan (CTP) and an ESG strategy, overseen by the CFO and GGM – SHEQ. They are responsible for developing, reviewing, and implementing these plans, ensuring effective reporting to the Board.
Genus undertakes monthly GHG emissions data collation, with quarterly reporting to the Genus Board. The Board receives quarterly reporting on absolute GHG emissions trend data for total emissions and disaggregated across Scope 1 and 2, the number of entities comprising Company operations, and GHG Emissions intensity data.
Genus has also engaged with key suppliers to assess their GHG emissions reduction strategies and initiatives, contributing to tangible emission reductions across its value chain.
Forward commitments
Genus is planning for a practical and phased approach to fleet decarbonisation. GHG-intensive vehicles will be replaced with lower-emission alternatives where feasible as they reach the end of their service life.
The company will also appoint a dedicated Sustainability Manager in FY27 to coordinate ongoing strategy and actions.
Genus is committed to working collaboratively with its stakeholders to reduce its Scope 1, 2, and 3 GHG emissions and avoid the use of carbon credits as it pursues its emissions reduction targets and ESG strategic actions.
Genus acknowledges the value that carbon credit projects can deliver to project owners and their stakeholders, but recognises that genuine GHG emissions reduction requires reducing absolute emissions.