Bunnings commits to 100 per cent renewable electricity by 2025
Bunnings recognises it has an important part to play in reducing carbon emissions and addressing climate change. In October 2020, Bunnings announced a commitment to source 100 per cent renewable electricity by 2025 to help achieve its target of net zero Scope 1 and 2 emissions by 2030.
Reducing energy consumption and transitioning towards more renewable energy across its network underpins Bunnings’ efforts to reduce carbon emissions. Bunnings has had a strong focus on energy efficiency for many years, particularly through the installation of LED lighting and solar photovoltaic (PV) systems.
During the year, Bunnings continued to accelerate energy efficiency across the network by retrofitting LED lighting in warehouses and smaller format stores. On a like-for-like basis, LED lighting has been shown to reduce energy consumption by more than 30 per cent per store.
Bunnings also continued to increase the generation of renewable power via solar PV installations across the network. During the year, 21 sites had solar PV systems installed with 85 sites in total completed at 30 June 2021, and 15 more per year planned to 2025. The systems cover over 120,000 square metres of roof space and generate around 30 per cent of a store’s energy needs.
In total, during the financial year Bunnings reduced its Scope 1 and Scope 2 emissions by 11 per cent. In the coming year, Bunnings will develop new pathways to continue to reduce its reliance on traditional energy by transitioning to renewable sources.