
Climate-related financial disclosures overview
We strive to reduce the emissions intensity of our businesses and improve their resilience to climate change.
745 KbWe 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.
We strive to reduce the emissions intensity of our businesses and improve their resilience to climate change.
745 KbThis 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.
This year, Wesfarmers businesses increased and accelerated their commitments to address climate change, including new ambitions to reach net zero emissions:
GRI 103-1, GRI 103-2, GRI 103-3, GRI 302-1, GRI 302-3, GRI 305-1, GRI 305-2, GRI 305-3, GRI 305-4, GRI 305-5, GRI 307-1