Tourism Holdings Limited (THL) has updated its Scope 1 and 2 emissions reduction target, aiming for a 50.4% reduction from the FY24 baseline by the end of FY32. The company’s total GHG emissions inventory in FY26 was 720,667tCO₂e, representing a 7% decrease compared to FY25 and a 34% decrease from the FY24 baseline year.
Material actions and disclosures
THL’s total GHG emissions inventory (Scope 1, 2, and 3) decreased by 7% in FY26 compared to FY25, driven primarily by a reduction in total Scope 3 emissions, mainly reflecting lower vehicle sales volumes due to softer sales market conditions, dealership closures, and fleet rotation decisions.
THL’s Scope 1 and 2 emissions decreased by 14% from the FY24 baseline year in FY26, mainly due to location changes in Australia, including consolidating rental and retail operations onto combined sites and moving manufacturing production to New Zealand, which has higher levels of renewable generation of electricity in the grid.
The company’s Scope 3 emissions, which account for over 99% of its total emissions, are primarily driven by the use of sold products, downstream leased assets, and purchased goods and services.
Forward commitments
THL aims to achieve its Scope 1 and 2 emissions reduction target and make progress to reduce emissions related to energy and fuel use associated with its site-based operational activities. The company remains committed to its high-priority Future-Fit goals, including energy from renewable sources, operations emitting no greenhouse gases, and products emitting no greenhouse gases.
THL has not set a Scope 3 target due to the current lack of a viable pathway to transition its fleet and intends to revisit developing a Scope 3 emissions reduction target when more viable options are available.
THL continues to implement actions to reduce operational emissions in its Future-Fit action plans, tracking progress through carbon impact reports as part of its Ignition programme.