Climate change resilience

We strive to reduce the emissions intensity of our businesses and improve their resilience to climate change.

The impacts of climate change are increasingly being felt around the world. Our businesses, shareholders, customers, team members and the communities in which we operate expect us to manage the risks and opportunities we face.

Wesfarmers acknowledges and supports the scientific consensus on climate change and is committed to contributing positively to the global goal of achieving net zero carbon emissions by 2050, consistent with the Paris Agreement.

We manage our businesses with deep carbon awareness and take responsibility for improving the energy efficiency of our operations, transitioning to renewable energy, investing in new technologies and working with our suppliers and customers to help them do the same. For this, we are accountable to all our stakeholders.

As our economy progresses towards net zero, this will present significant opportunities for our businesses. It will also be important to support communities and industries at risk and ensure that the benefits and costs of our transition are shared fairly. Importantly, we will not achieve the global goal working alone and we support efforts to intensify cooperation.

Download Climate-related financial disclosures overview pdf

Climate-related financial disclosures overview

We strive to reduce the emissions intensity of our businesses and improve their resilience to climate change.

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Wesfarmers 2020 climate-related financial disclosures

This disclosure follows the recommendations of the Financial Standards Board Taskforce on Climate-related Financial Disclosures (TCFD). We recognise the importance of these disclosures to enable the efficient allocation of capital within markets and to drive the transition to a sustainable global economy for all.

Wesfarmers 2020 Climate-related disclosures.pdf

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Our climate action commitments

This year, Wesfarmers businesses increased and accelerated their commitments to address climate change, including new ambitions to reach net zero emissions:

Bunnings, Kmart Group and Officeworks have accelerated plans to reduce their emissions, including targeting net zero Scope 1 and 2 emissions by 2030.
Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) and Coregas, which have a greater challenge to abate emissions, have set an aspiration to achieve net zero Scope 1 and 2 emissions by 2050. Industrial and Safety (excluding Coregas) is targeting net zero Scope 1 and 2 emissions by 2050.

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