Harvey Norman has released its FY26 emissions report, detailing Scope 1 and 2 GHG emissions and outlining its climate-related initiatives and governance structures. The report highlights the company’s efforts to enhance its data collection and financial modelling processes to support more quantitative disclosures in future periods.
Material actions and disclosures
The company has calculated its Scope 1 and 2 GHG emissions in accordance with the Greenhouse Gas (GHG) Protocol: Corporate Standard Reporting Standard (2004). The total emissions for FY26 are 27,527 TCO2e, with 5,496 TCO2e from Scope 1 and 22,031 TCO2e from Scope 2. The emissions data reflects the operational control approach, which best reflects emissions arising from operations over which the Group has the authority to implement operating, environmental, and energy management policies and practices.
Harvey Norman has also deployed capital towards climate-related initiatives, including solar photovoltaic systems and lighting upgrades across its property portfolio. These investments improve energy efficiency, reduce emissions, lower operating costs, and enhance the long-term performance and value of assets.
Forward commitments
The company does not currently have formal climate-related targets, including emissions reduction targets. However, it is reviewing its position on establishing formal decarbonisation targets on an annual basis. The Working Group will report on emissions performance and key climate-related initiatives to the Executive Sustainability Committee and the Board from FY27 onwards.
Harvey Norman is also reviewing its position on applying an internal carbon price, which will be reviewed as it formalises a Transition Plan in FY27.
These initiatives and governance structures reflect the company’s commitment to taking considered and practical steps toward a more climate-resilient operating model.
Attributed to the Harvey Norman FY26 ESG report.