Michael Hill International Limited has successfully achieved its net zero Scope 1 and 2 emissions target by the end of 2025, as outlined in its 2030 Sustainability Strategy. The company’s principal ESG development centres on its environmental management, particularly in reducing its carbon footprint through renewable energy procurement and carbon offsetting.
Material actions and disclosures
The Group’s absolute gross Scope 1 and 2 GHG emissions for FY26 were 2,198 tonnes of carbon dioxide equivalent (tCO2e), using the location-based method. This included 26 tCO2e Scope 1 and 2,172 tCO2e Scope 2 (location-based) emissions. The Group has achieved the net zero Scope 1 and 2 emissions target primarily through renewable energy procurement. In Australia, the Group voluntarily purchases GreenPower and surrenders renewable energy generation certificates (LGCs) to match electricity use above Australia’s Renewable Power Percentage (RPP). In New Zealand, the Group purchases and redeems New Zealand Energy Certificates (NZ-ECs) to ensure 100% of its electricity use is matched with certified renewable energy generated in New Zealand.
Residual emissions unrelated to electricity use, totalling 62 tCO2e, have been offset through the procurement of certified carbon credits. In FY26, the Group purchased a total of 63 tonnes of CO2e offsets, equivalent to 3% of the Group’s total Scope 1 and 2 emissions for FY26. These offsets were sourced from high-quality commercial timber plantations in Victoria, Australia, and forest carbon projects in Ontario, Canada.
Forward commitments
The Group has not outlined any new forward commitments in its latest Sustainability Report. The current focus remains on maintaining its net zero emissions status and continuing to integrate climate-related considerations into its broader strategic initiatives and agenda.
The Board oversees climate-related risks and opportunities through the Audit & Risk Management Committee (ARMC) and the Sustainability Committee, ensuring that climate-related matters are considered in the Group’s strategy, significant transactions, trade-offs, and investment decisions. The Group’s Climate Reporting Working Group meets monthly to monitor and evaluate progress against the Group’s climate targets and reporting obligations.