Vulcan Steel Limited has reported on its FY26 emissions, highlighting an 8% improvement in emissions intensity and significant progress in renewable energy generation. The company’s Scope 1 and 2 emissions intensity per tonne of product sold decreased to 53.0 kg CO2e, down from 57.8 kg CO2e in FY25.
Material actions and disclosures
Vulcan has continued to invest in self-generated renewable energy, with solar installations now spanning three sites in New Zealand and 13 sites in Australia. New Zealand’s output rose 34% from 144,201 kWh to 193,559 kWh between FY25 and FY26, while Australia’s output rose 35% from 367,145 kWh to 494,679 kWh.
The company also reported on its vehicle fleet decarbonisation efforts, with 70% of the light vehicle fleet now electric or hybrid, up from 68% in FY25.
Deloitte Limited has provided limited assurance over the FY26 Scope 1 and Scope 2 emissions.
Forward commitments
Vulcan plans to continue adding solar at its sites where it makes economic sense to do so. The company will also continue with its fleet decarbonisation strategy as its fleet comes up for renewal.
Vulcan has committed to a climate disclosure at a Group level (NZ CS 1—3) and for Vulcan Australia (AASB S2).
The company is also considering the integration of climate data and carbon pricing into planning processes.
Vulcan’s third NZ CS disclosure reflects a more mature, evidence-based view of its climate resilience than in either of its first two disclosures.
These initiatives reflect Vulcan’s commitment to transparent climate governance and its efforts to future-proof the business through understanding and mitigating climate-related risks.
These developments are part of Vulcan’s broader strategy to decarbonise its operations and reduce its environmental impact.