Mirvac has achieved net positive carbon emissions for Scope 1 and Scope 2, reducing emissions by 88% from FY19 to FY26. The company aims to maintain this position and achieve net positive carbon emissions for Scope 3 by 2030.
Material actions and disclosures
Mirvac has significantly reduced market-based Scope 1 and Scope 2 emissions, from 79,733 tCO₂-e in FY19 to 9,237 tCO₂-e in FY26. The company has eliminated Scope 2 emissions through renewable energy procurement and achieved net positive carbon emissions for Scope 1 and Scope 2. Mirvac also aims to reduce embodied carbon in Scope 3 emissions by 55% per square metre of Gross Floor Area (GFA) by FY30.
Mirvac procures 100% renewable electricity for Group-controlled operations and embedded networks, using high-quality offsets to manage residual emissions. The company monitors progress annually through the climate reporting cycle.
Forward commitments
Mirvac plans to maintain net positive Scope 1 and Scope 2 emissions and achieve net positive carbon emissions for Scope 3 by 2030. The company also aims to reduce embodied carbon in Scope 3 emissions by 55% per square metre of Gross Floor Area (GFA) by FY30. Mirvac will continue to monitor and adapt to external factors affecting emissions reductions and use high-quality offsets to manage residual emissions.
Mirvac will transition to a financial control boundary for emissions reporting and implement initiatives to reduce waste to landfill. The company will continue to electrify assets and increase energy efficiency.
Mirvac’s sustainability governance framework includes oversight of sustainability through Board oversight of strategy, risk and performance, executive accountability for implementation, and integration of sustainability measures into remuneration. The company remains committed to transparently reporting progress against its environmental targets.
Attributed to Mirvac’s FY26 Sustainability Report.