AustralianSuper sets ambitious net zero emissions by 2050 goal as the sector shifts.

Cbus announces a comprehensive plan to achieve net zero emissions for its investment portfolio by 2050.

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.

Yarra Trams is the brand name for Melbourne’s tram network. It is a franchise, currently operated by Keolis Downer, a joint venture that operates light rail and bus services in several Australian states.

Amazon has committed to reach ‘net zero carbon’ by 2040 (Amazon 2020b).

Kathmandu has over 160 stores in Australia, New Zealand and the UK, manufactures goods in 101 factories in Asia, New Zealand and Europe and sources materials from Asia, Australasia and the US.

Wyndham City Council falls within one of Melbourne’s designated growth corridors, and has a projected population forecast of over 240,000 by 2036.

Among the 20 banks assessed in the Net Zero Momentum Tracker banking sector report, the largest four banks – ANZ, Commonwealth Bank, NAB and Westpac – hold over 80 per cent of total resident assets reported by Australian banking institutions and almost 90 per cent of the resident assets reported by institutions included in this study.

As a mutual bank, Bank Australia is owned by its customers who vote on key decisions to ensure the bank’s activities are in line with their values.

Mirvac’s pledge to be ‘net positive’ by 2030 is unique amongst those property companies considered by the Net Zero Momentum Tracker.

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.

HESTA’s net zero by 2050 target sets a new benchmark for climate action in Australia’s superannuation industry.

Qantas is Australia’s largest airline by fleet size, international flights and international destinations.

Australia Post is in the process of replacing its delivery motorbikes, vans and trucks with electric vehicles (Australia Post 2019).

Woolworths aims to reduce direct emissions from its operations to 60 per cent below 2015 levels by 2030 and has pledged to eventually adopt a target ‘in line with the level of carbon reduction required to limit global warming to 1.5 degrees above pre-industrial levels’ through the SBTi initiative (Woolworths Group 2019).

In February 2020, the Cities of Sydney and Melbourne announced their intention to bring forward their community-wide net zero emissions target by a decade to 2040.

The City of Adelaide aims to be the world’s first carbon neutral city.

One of Australia’s largest diversified property groups, GPT owns and manages some of Australia’s most well-known retail, office and logistics properties including Melbourne Central, Sydney’s Australia Square and Brisbane’s Riverside Centre.

Among the property companies considered by the Net Zero Momentum Tracker, the Dexus Property Group’s net zero emissions commitment is comparatively ambitious and comprehensive.