MLG Oz Limited has published its annual financial report detailing its greenhouse gas (GHG) emissions and climate-related risks and opportunities for the year ended 30 June 2026. The report outlines the company’s approach to measuring and disclosing GHG emissions, as well as its strategic and operational resilience in the face of climate change.
Material actions and disclosures
MLG measures its GHG emissions using the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (2004), applying the operational control approach. This method enables the company to distinguish between emissions from activities it controls and those it does not directly control but may influence. For FY2026, MLG reported Scope 1 emissions of 147,062 tCO2e and Scope 2 emissions (location-based) of 341 tCO2e, resulting in a total of 147,403 tCO2e.
The company has also conducted scenario analysis to assess the resilience of its strategy and business model in different climate futures. MLG used two diverse climate scenarios: a high emissions scenario in which global warming exceeds 2.5°C and a low emissions scenario in which global warming is limited to 1.5°C. The high emissions scenario was used to explore severe physical risks, while the low emissions scenario was used to explore significant transition risks driven by ambitious policy changes.
Forward commitments
MLG has not established climate-related targets and does not currently link climate-related considerations to executive remuneration. However, the company is continuing to build its understanding of the implications of climate change for its operations and strategy. As data quality improves, methodologies mature, and internal capability develops, MLG expects to progressively enhance its approach to integrating climate-related considerations into strategic decisions.
MLG has deployed capital towards climate-related risks and opportunities (CRROs) through the purchase of hybrid-powered loaders, representing an investment of approximately $14.69 million.
MLG’s resilience over the long term is expected to depend on the effectiveness of measures such as engagement and collaboration with clients on site-level adaptation measures, contractual adjustments to address increased operational disruption and costs recovery, and enhanced incident preparedness and workforce training.
MLG’s approach to climate-related matters is overseen by the Board and the Risk and Sustainability Committee, which met four times in FY2026 to review and monitor material business and sustainability-related risks.
Independent auditors have reviewed the specified sustainability disclosures in MLG’s sustainability report and concluded that the disclosures comply with Division 1 of Part 2M.3 of the Corporations Act 2001.