PLS Group Limited has announced its Safeguard Emissions Reduction Target, focusing on mitigating and conforming to regulatory requirements for its Pilgangoora Operation in Western Australia. The target aims to keep scope 1 emissions at or below the declining Safeguard baseline through 2049-50, contributing to Australia’s net zero target by 2050.
Material actions and disclosures
PLS has set a facility-specific emissions-intensity determination (EID) for the Pilgangoora Operation, which includes emissions of carbon dioxide (CO₂), methane (CH₄), nitrous oxide (N₂O), and Sulphur Hexafluoride (SF₆), expressed as carbon dioxide equivalents (CO₂-e). The gross emissions equivalent of the target is currently estimated at approximately 137,000 tCO₂-e, reflecting forecast scope 1 emissions under the current life of mine plan before the application of decarbonisation initiatives or carbon offsets.
PLS actively monitors emissions and acquires ACCUs when necessary to manage its compliance position. During FY26, the Group surrendered 22,206 ACCUs to offset FY25 excess emissions under the Safeguard Mechanism. PLS improved performance against the baseline compared to the previous year, anticipating 461 ACCUs required to offset the excess emissions in FY26, a decrease of approximately 98%.
Forward commitments
PLS aims to continue its decarbonisation efforts by implementing the Power Strategy, which supports a reduction in operational emissions intensity through the transition to lower-carbon energy sources and increased renewable energy. The strategy is a key enabler of target delivery, supporting progress towards PLS’ Safeguard Mechanism emissions reduction target.
PLS’ Carbon Offset Strategy follows the Prevention, Reduction, Replacement, Offsetting mitigation hierarchy, targeting limited use of offsets to meet legislative obligations and voluntary targets. Key elements include prioritisation of ACCUs, particularly from Western Australia, and supporting a diverse offset portfolio (self-developed, co-designed, third-party).
PLS actively monitors emissions and acquires ACCUs when necessary to manage its compliance position. The Group’s performance against the baseline is assessed by the Board through the SaSCo, which evaluates the continued appropriateness of PLS’ supporting decarbonisation strategies in light of regulatory, market, and technological developments.