TPG Corporation Limited Sustainability Profile
TPG Corporation Limited, commonly known as TPG, is a leading telecommunications and technology company headquartered in Australia. Founded in 1986, TPG has established itself as a key player in the Australian telecommunications industry, providing a wide range of services including broadband, mobile, and data solutions. With a strong presence in major operational regions across Australia, TPG is renowned for its innovative approach to connectivity, offering unique products such as high-speed fibre and NBN services. The company has achieved significant milestones, including the merger with Vodafone Hutchison Australia in 2020, which enhanced its market position and expanded its service offerings. TPG's commitment to delivering reliable and affordable telecommunications solutions has solidified its reputation as a trusted provider, making it a prominent choice for consumers and businesses alike.
DitchCarbon Score
How does TPG Corporation Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Telecommunications Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
TPG Corporation Limited's score of 40 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TPG Corporation Limited's reported carbon emissions
In 2024, TPG Corporation Limited reported significant carbon emissions, totalling approximately 1,236,000,000 kg CO2e in Scope 3, alongside 2,700,000 kg CO2e in Scope 1 and about 226,600,000 kg CO2e in Scope 2 emissions. This reflects a slight decrease in Scope 2 emissions from 2023, where they were approximately 223,300,000 kg CO2e, while Scope 3 emissions also saw a minor reduction from about 1,242,400,000 kg CO2e in the previous year. TPG Corporation has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 95% by 2030, using 2021 as the baseline year. Additionally, TPG aims to cut Scope 3 emissions from purchased goods and services, fuel- and energy-related activities, upstream leased assets, and the use of sold products by 30% within the same timeframe. These targets are part of TPG's broader strategy to maintain at least a 95% reduction in absolute Scope 1 and 2 emissions from 2030 through 2050, while also striving for a 90% reduction in Scope 3 emissions by 2050, again using 2021 as the baseline. The company's commitments are aligned with the Science Based Targets initiative (SBTi) and reflect a strong commitment to addressing climate change within the telecommunications sector. Data for TPG Corporation's emissions is cascaded from its subsidiary, TPG Telecom Limited, which is responsible for the reported figures and climate initiatives.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 4,800,000 | 0,000,000 |
| Scope 2 | 224,400,000 | 000,000,000 |
| Scope 3 | 1,327,900,000 | - |
How Carbon Intensive is TPG Corporation Limited's Industry?
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TPG Corporation Limited's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 80% of Scope 3 emissions.
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TPG Corporation Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
TPG Corporation Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about TPG Corporation Limited's sustainability data and climate commitments