Goodman, a leading property group, is reassessing its approach to emissions reporting, focusing on efficiency-based measures and aiming to report Scope 3 emissions by FY27. The company has achieved several emissions reduction and renewable energy targets but has suspended its net zero target due to data limitations and uncertainties.
Material actions and disclosures
Goodman has reported a 22.3% reduction in Scope 1 and 2 emissions in FY26 compared to the FY21 baseline. The company achieved carbon neutral operations in each year through to 30 June 2025 and has a 42% reduction target for gross Scope 1 and 2 location-based emissions by 2030, relative to the FY21 baseline. Additionally, Goodman has achieved 98% renewable energy usage in FY26, exceeding its target.
The company has also maintained alignment with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations since 30 June 2022 and continues to measure and report embodied emissions across its development portfolio.
Forward commitments
Goodman plans to enhance data collection and estimation methodologies to report Scope 3 emissions in FY27. The company is evaluating alternative decarbonization frameworks beyond absolute emissions measures and aims to achieve 90% renewable electricity use across industrial and logistics property operations between FY26 and FY30.
Goodman also continues to monitor climate-related policy, regulatory, and market developments to identify emerging obligations and assess potential financial impacts.