Australia can play it’s part in limiting global warming to 1.5 degrees Celsius – but current company commitments aren’t enough to get us there
Based on two years of tracking net zero commitments, Climateworks has developed four principles to create ‘best practice’ commitments from the corporate sector.
Momentum towards net zero
An initiative of Climateworks Centre with Monash Sustainable Development Institute. The Net Zero Momentum Tracker monitors Australia’s progress towards net zero emissions across key sectors of the economy.
Organisations committed to net zero by 2050 for some emissions
Organisations reducing emissions but not in line with net zero by 2050
Organisations without disclosed targets or activities
Analysis from across the Australian economy on momentum towards net zero emissions.
Net zero momentum tracker – energy sector
Australia’s energy sector must accelerate its pace of decarbonisation if Australia is to reach net zero emissions, in line with the global climate goals.
Case study: AustralianSuper
AustralianSuper sets ambitious net zero emissions by 2050 goal as the sector shifts.
Case study: Cbus
Cbus announces a comprehensive plan to achieve net zero emissions for its investment portfolio by 2050.
Case study: HESTA
HESTA’s net zero by 2050 target sets a new benchmark for climate action in Australia’s superannuation industry.
Net zero momentum tracker – resources sector
The Australian resources sector must rise to the challenge of the global net zero transition The Net Zero Momentum Tracker Resources Sector report, the seventh sector report in a series by Climateworks Australia with the Monash Sustainable Development Institute, analyses 22 of Australia’s biggest emitters within the resources sector.
Net zero momentum tracker – superannuation sector
Super sector moves on emissions, as funds commit to net zero Superannuation is an influential component of Australia’s economy and a significant and growing source of investment in domestic assets.
Case study: Lendlease
Lendlease Europe joins World Green Building Council’s ‘Net Zero Carbon Buildings Commitment’ on the back of a global commitment to absolute zero emissions by 2040. Lendlease, the global property company, has set a precedent for its sector, addressing all material sources of emissions throughout its operations and supply chain – including suppliers, tenants and residents.
Case study: Telstra
Telstra announces carbon neutral operations from 2020. In March, the telecommunications giant took a leap towards net zero through a commitment to reduce its operational emissions, with scope to address absolute emissions.