Soul Patts has reported its FY26 greenhouse gas (GHG) emissions and completed its merger with Brickworks Limited, incorporating the latter’s operations into its Scope 1 and 2 GHG reporting boundary. The company applies the operational control approach to determine its organisational boundary for GHG emissions reporting, ensuring that 100% of emissions from operations over which the Group has operational control are included within its boundary.
Material actions and disclosures
Soul Patts has purchased 100% GreenPower for its head office electricity use since August 2022. The company’s organisational boundary for FY26 encompasses its direct operations (head office) and subsidiaries, including Ampcontrol, Soul Patts Agriculture, Carlile Swim, and, for the first time, Brickworks, which merged with Soul Patts in September 2025. Scope 1 and Scope 2 GHG emissions are calculated in line with the GHG Protocol Corporate Standard, supplemented by the National Greenhouse and Energy Reporting (NGER) Determination.
Total Group Scope 1 emissions for FY26 were 179,140 tonnes CO2e, while Scope 2 emissions were 64,286 tonnes CO2e. The largest contributor of Scope 1 emissions for the reporting period was Brickworks.
Forward commitments
As of the reporting date, Soul Patts has not set quantitative or qualitative Group-level climate targets, reflecting the diversified and actively managed nature of its investment portfolio. The company is considering the appropriateness of Group-level targets for a diversified investment holding company, informed by the maturity of its scenario analysis.
Soul Patts monitors climate-related targets disclosed by its material investments and subsidiaries. For example, Ampcontrol has publicly disclosed an interim target of a 60% reduction in Scope 1 and 2 emissions by 2030 on the pathway to its net zero target by 2040.
The company has adopted the transition relief under AASB S2 paragraph C4(b), which permits entities not to disclose Scope 3 GHG emissions in their first annual reporting period applying AASB S2.
Soul Patts will continue to monitor the climate transition plans of its material investments and subsidiaries, and will consider whether a Group-level transition plan is appropriate.
Attributed to the Soul Patts Sustainability Report, FY26.