Climateworks Centre’s Net Zero Momentum Tracker provides greater visibility of corporate Australia’s progress towards a 1.5°C goal.
We used publicly available data to track the emissions reduction commitments of ASX200 companies with operations in Australia.
We then compared those commitments to the pathway identified in our modelling that is in line with the Paris Agreement goal of aiming to limit global warming to 1.5°C.
Download the report to read our extensive analysis of corporate commitments as of March 2022.
Or, use our interactive table below to see which companies are the market leaders when it comes to their emissions reductions commitments (data validated November 2022).
You can filter the results by sector, add and remove columns, or compare the commitments of two or more ASX200 companies.
SECTOR
COLUMNS
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All sectors - detail
Filter the table by sector to view insights for that sector.
All sectors - overview
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Retail, wholesale and distribution
The major operational emission source for this sector is commercial building use. Approximately 98% of emissions for home and clothing retailers fall into scope 3, mostly from procurement and use of sold products.
According to Climateworks’ 1.5°C scenario, the building sector can achieve near zero emissions by 2035 from a 2021 baseline.
Given the majority of operational emissions for this sector relate to building use, where most decarbonisation opportunities are already commercially viable, greater ambition and commitments are possible.
Hotels, restaurants and leisure
The major operational emission source for this sector is commercial building use. Purchased goods and services such as livestock and produce are the key scope 3 emission source for restaurants and hotels.
According to Climateworks’ 1.5°C scenario, the building sector can achieve near zero emissions by 2035 from a 2021 baseline.
Given the majority of operational emissions for this sector relate to buildings, where most decarbonisation opportunities are already commercially viable, greater ambition and commitments are possible.
Communication services
Communication Services
The major operational emission sources are building use such as offices and data centres. Purchased goods and services (e.g. data centres) and capital goods (e.g. hardware) are the two most material scope 3 sources.
According to Climateworks’ 1.5°C scenario, the building sector can achieve near zero emissions by 2035 from a 2021 baseline.
Given the majority of operational emissions for this sector relate to building use where most decarbonisation opportunities are already commercially viable, greater ambition and commitments are possible.
Other services
The other services sector consists of all other services outside of the sectors categorised in this analysis.
The major operational emission sources are building use and provision of construction services. Scope 3 is applicable to some companies in this sector including construction materials and transportation of goods.
According to Climateworks’ 1.5°C scenario, the building sector can achieve near zero emissions by 2035 from a 2021 baseline.
Given the majority of operational emissions for this sector relate to building use, where most decarbonisation opportunities are already commercially viable, greater ambition and commitments are possible.
Transport
Transport’s major operational emission sources are from the combustion of direct fuels such as gas and oil, and from electricity used for transport and operating transportation infrastructure. For companies owning and operating transportation infrastructure, the most material source of scope 3 emissions is embedded emissions from infrastructure development.
According to Climateworks’ 1.5°C scenario, rail transport can be fully electrified and achieve near zero emissions by 2035. The modelling shows that other transport can achieve near zero emissions by the late 2050s as these sectors gradually switch from fossil fuels to bioenergy such as sustainable aviation fuel and biofuel.
Most operational emissions for transportation services providers relate to air transport or the provision of bulk material handling and other logistics services at port terminals. Given these are areas where most of the decarbonisation opportunities are emerging and in demonstration phase, more certainty in technological advancement will provide confidence to companies in this sector making more ambitious commitments.
Financials
Major operational emission sources for this sector are found in building use (e.g. offices, data centres and storefronts). Scope 3 is applicable to financial institutions due to their involvement in providing capital or financing to the original emitter.
According to Climateworks’ 1.5°C scenario, the building sector can achieve near zero emissions by 2035 from a 2021 baseline.
Given the majority of operational emissions for this sector relate to buildings, where decarbonisation opportunities are already commercially viable, greater ambition and commitments are possible.
Information technology
IT’s major operational emission sources are in its building use, such as offices and data centres. Purchased goods and services (e.g. data centres) and capital goods (e.g. hardware) are the two most material scope 3 sources.
According to Climateworks’ 1.5°C scenario, the building sector can achieve near zero emissions by 2035 from a 2021 baseline.
Given the majority of operational emissions for this sector relate to building use, where most decarbonisation opportunities are already commercially viable, greater ambition and commitments are possible.
Real estate
The major source of operational emissions for real estate is energy for building use. The majority of scope 3 emissions relate to embodied emissions from property development.
According to Climateworks’ 1.5°C scenario, the building sector can achieve near zero emissions by 2035 from a 2021 baseline.
Most decarbonisation opportunities are already commercially viable in this sector, therefore greater ambition and commitments are possible.
Utilities
The major source of emissions for electric utilities is the generation of electricity from fossil fuels. Operational emissions from gas utilities are associated with storage and transmission of gas, but they are minimal as the majority of emissions are from the combustion of gas sold (scope 3).
According to the Australian Electricity Market Operator’s (AEMO) Integrated System Plan Hydrogen Superpower scenario, the electricity generation sector can achieve near zero emissions by early 2030s.
Most decarbonisation opportunities are already commercially viable in this sector, therefore greater ambition and commitments are possible.
Metals and mining
Most companies in this sector are emissions intensive because they consume large amounts of energy – although a considerable amount of their emissions are not energy related.
According to Climateworks’ 1.5°C scenario, most sub-sectors can achieve a reduction of around 90% by 2050 from a 2021 baseline.
Given many decarbonisation opportunities are emerging and in the demonstration phase, more certainty in technology advancement will provide confidence to companies making more ambitious commitments
Construction materials
Construction Materials
The major emission sources of cement manufacturers are energy used to fire kilns and the chemical reaction in clinker production. Scope 3 emissions can also be material for companies purchasing clinker and/or cement to manufacture other building products they then sell.
According to Climateworks’ 1.5°C scenario, the cement sector can achieve near zero (98% reduction) emissions by 2050 and the non-metallic construction materials sector can achieve a 63% reduction by 2050 from a 2021 baseline.
Given many decarbonisation opportunities are emerging and in the demonstration phase, more certainty in technological advancement will provide confidence to companies making more ambitious commitments.
Consumer staples (manufacturing)
The major operational emission sources within this sector are livestock farming, crop growing, food manufacturing and building use. For manufacturers and retailers, land use and production are a material source of scope 3 emissions.
According to Climateworks’ 1.5°C scenario, the overall agriculture sector and the food and drinks manufacturing sector can achieve an emission reduction of 63–66% by 2050 from a 2021 baseline and the building sector can achieve near zero emissions by 2035.
Given that decarbonisation opportunities in food processing are emerging and in demonstration phase, more certainty in technological advancement and commercialisation will provide confidence to companies making more ambitious commitments.
Other manufacturing
The other manufacturing sector consists of all manufacturing not covered by other sectors.
Major operational emission sources in this sector are from the use of direct fuels and electricity in manufacturing processes. Process emissions are a major source for chemical manufacturing. Scope 3 is deemed applicable to some companies in this sector.
According to Climateworks’ 1.5°C scenario, manufacturing of chemicals, rubber and plastic products as well as non-metallic construction materials can achieve an emission reduction of 58–65% by 2050 from a 2021 baseline. Paper products, motor vehicle, motor vehicle parts and other manufacturing products can achieve near zero emissions by 2050.
Where emissions are related to the use of direct fuels and feedstocks in manufacturing processes, many decarbonisation opportunities are emerging and in the demonstration phase. Their advancement and commercialisation will provide confidence to companies making more ambitious commitments.
Oil, gas and consumable fuels
The major operational emission sources in this sector are from the use of direct fuels and fugitive emissions from the extraction, production, flaring, processing and distribution of fossil fuels. Scope 3 is applicable to all companies in this sector, particularly in use of sold products.
According to Climateworks’ 1.5°C scenario, coal, oil and gas mining can all achieve an emission reduction of 88–95% by 2050 from a 2021 baseline.
Given the IEA Net Zero Emissions by 2050 scenario shows no new coal, oil or gas fields can be approved for development in a 1.5°C transition – and most emissions for this sector relate to production and combustion of fossil fuels – greater ambition and commitments to switching away from supplying fossil fuels are possible.