Optus

Optus, a company in the post and telecommunication services industry, reported its carbon emissions for the fiscal year 2024. In this period, Optus's total carbon emissions amounted to approximately 1.15 billion kg CO2e. This figure is a sum of Scope 1, Scope 2, and Scope 3 emissions.

Breaking down the emissions for FY2024:

• Scope 1 emissions: Approximately 1.74 million kg CO2e.
• Scope 2 emissions: Approximately 308.33 million kg CO2e (market-based).
• Scope 3 emissions: Approximately 808.33 million kg CO2e.

Optus's climate commitments are cascaded from its parent company, Singtel Optus Pty Limited. The Singtel Group has set several reduction targets. Most notably, they aim to achieve net zero greenhouse gas (GHG) emissions by 2045, a target that was brought forward from 2050.

For near-term goals, the Singtel Group is working to:

• Reduce absolute Scope 1 and Scope 2 GHG emissions by 55% by FY30, using FY23 as a base year.
• Reduce Scope 3 emissions by 40% across operations and supply chain between FY23 and FY30.

In terms of progress, the reduction target of 25% for absolute Scope 1 & 2 emissions between 2020 and 2025 has been reported as not on track for the two-year period leading up to 2023. However, the company is reported as on track for the near-term target to reduce Scope 1 and Scope 2 emissions by 55% by FY30 from an FY23 base year.