Scentre Group, a leading Australian retail property company, set a goal to achieve net-zero emissions across its wholly-owned portfolio by 2030, and notably accomplished a 35% reduction in emissions intensity across its Australian operations, surpassing the initial target five years ahead of schedule. In 2022, there was a 38% reduction in Scope 1 and 2 emissions since 2014.

In terms of carbon emissions, Scentre Group is focused on reducing scope 1 and scope 2 emissions. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions include indirect emissions from the generation of purchased electricity, heat, or steam. In 2022, the company's scope 1 emissions amounted to 8,128 tonnes of carbon dioxide equivalent and scope 2 emissions amounted to 186,595 tonnes of carbon dioxide equivalent.

To achieve its net-zero targets, Scentre Group has already taken several steps and has plans for further emission reduction. The company expects its suppliers to comply with environmental laws and regulations, manage and minimize environmental risks, and implement strategies to maximize energy and resource efficiency. Scentre Group also emphasizes waste reduction, pollution control, and the protection of biodiversity and ecosystems. The company has developed and promotes environmental policies and standards, which its suppliers are expected to adhere to. The company is also likely to invest in technologies and practices that reduce emissions. These investments may include energy-efficient systems, renewable energy sources, waste management solutions, and sustainable supply chain practices.

In conclusion, Scentre Group is committed to achieving net-zero emissions and has set specific goals for reducing scope 1 and scope 2 emissions by 2030. The company expects its suppliers to comply with environmental regulations and implement strategies for efficient resource consumption. Scentre Group has already taken steps towards emission reduction and is likely to make further investments in the future.

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