Climateworks Centre

Half of Australia’s biggest companies have net-zero emissions plans, but there’s more to be done

About half of Australia’s biggest listed companies have plans to reach net-zero greenhouse gas emissions, our new analysis has found. We assessed the climate change commitments of 187 companies out of 200 listed on the Australian Stock Exchange – the ASX200.

05.12.22

1.5°C climate goal: How does the ASX200 stack up in 2022?

Climateworks Centre has analysed the ASX200’s climate commitments against a 1.5°C trajectory, in line with mitigating the worst impacts of climate change.

02.12.22

Australia

Methodology report: Assessing ASX200 alignment to the 1.5°C climate goal

Climateworks Centre has created an assessment approach to provide insights on ASX200 companies’ commitments and alignment with the Paris Agreement goal aiming to limit global warming to 1.5°C.

02.12.22

Australia

Setting up industry for net zero – Australian Industry Energy Transitions Initiative Phase 1 report

Emissions from Australia’s industrial supply chains are considered ‘hard-to-abate’ because addressing them poses more technological and commercial challenges than encountered in other sectors of the economy.

12.08.21

Australia

Submission to the Treasury on its second Consultation Paper on Climate-related Financial Disclosure

Climateworks works with a variety of corporations and business associations to encourage effective business reporting on climate risks, opportunities and credible transition plans.

10.08.23

Australia

Net Zero Momentum Tracker

Accountable for a high percentage of national emissions, the corporate sector must rapidly decarbonise if we are to achieve the goals of the Paris Agreement. As momentum across the sector increases and more companies make net zero commitments, getting them right is more important now than ever. Established in 2019, Climateworks’ Net Zero Momentum Tracker initiative collated and assessed the climate commitments of companies accountable for almost 70 per cent of Australia’s national emissions. The initiative aimed to provide clarity around corporate commitments and encourage corporations to increase their climate ambition in line with a pathway aligned with limiting global warming to 1.5 degrees Celsius (1.5°C), mitigating the worst effects of climate change.

30.10.19

Impact

Submission to Treasury on the Australian Government’s Sustainable Finance Strategy

Treasury has sought feedback on its Sustainable Finance Strategy consultation paper [PDF], released in November 2023. Climateworks supports the development of the Strategy, with the aim of providing an ambitious and comprehensive framework for reducing barriers to investment in Australia’s pathway to net zero.

05.12.23

Australia

Submission on climate-related financial disclosure Exposure Draft legislation to Australian Treasury

Treasury sought views on the Exposure Draft legislation for climate-related financial disclosure. This consultation followed the government’s announcement of the final policy design for corporate climate-related financial disclosure requirements.

15.02.24

Australia

Taking stock of corporate transition planning

Climate commitments abound in corporate Australia. For more than a decade, companies of all sizes have increasingly made climate and sustainability commitments as investor and customer pressure to act on the climate emergency intensifies. In 2023, the Australian Council of Superannuation Investors found that 61 per cent of ASX200 companies had net zero commitments, compared to 48 per cent in 2022.

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Tom Wainwright

Featured Work

Taking stock of corporate transition planning

Associated work

Half of Australia’s biggest companies have net-zero emissions plans, but there’s more to be done

05.12.22

1.5°C climate goal: How does the ASX200 stack up in 2022?

02.12.22

Methodology report: Assessing ASX200 alignment to the 1.5°C climate goal

02.12.22

Setting up industry for net zero – Australian Industry Energy Transitions Initiative Phase 1 report

12.08.21

Submission to the Treasury on its second Consultation Paper on Climate-related Financial Disclosure

10.08.23

Net Zero Momentum Tracker

30.10.19

Submission to Treasury on the Australian Government’s Sustainable Finance Strategy

05.12.23

Submission on climate-related financial disclosure Exposure Draft legislation to Australian Treasury

15.02.24

Taking stock of corporate transition planning

25.09.24