Environmental impact

Operational emissions footprint

In FY24 and FY25, we transitioned our emissions calculations in-house, enabling a more complete and accurate view of our Greenhouse Gas (GHG) footprint. This shift has enhanced the quality and granularity of our data, particularly for Scope 3 emissions, which are the most significant for our business.

By aligning our methodology with the GHG Protocol, we have strengthened the integrity and comparability of our reporting. This in-house approach has allowed for more timely and robust data collection, validation, and analysis across our operations, providing a reliable foundation for emissions tracking and reporting. In FY25, we made a 2035 interim emissions reduction commitment as well as net-zero 2050 for our Scope 1 & 2 operational emissions. More detail in our FY25 Sustainability & Impact Report (PDF, 8.5MB).

Due to our business activities in providing advice, superannuation and investment services, we understand that most of our emissions are concentrated in our downstream Scope 3, or “financed” emissions. These are the emissions generated by the companies and assets that we invest in. In FY25 we commenced calculating our financed emissions for selected investment portfolios and are currently in the process of improving the accuracy of these calculations to align with reporting requirements for FY27.

Climate risk

In FY25, the Group made progress towards the adoption of the Australian Sustainability Reporting Standards (AASB S2) ahead of the mandatory FY26 requirement, reinforcing our commitment to early and transparent climate disclosure. Our Climate Report is moving towards alignment with both ASRS and the GHG Protocols and has been published as part of our annual financial reporting suite one year ahead of the mandatory reporting timeline. This approach supports our commitment to strong governance practices, robust risk management, and building stakeholder confidence in our climate-related disclosures.

For further details and to access the Climate Report, refer to our Annual Financial Report (PDF, 3.57MB) dated 21 August 2025.

Nature-related sustainability

As part of our broader commitment to responsible business practices, we have begun to explore our relationship with nature and natural resources. While our operations aren’t heavily dependent on land or ecosystems, we recognise the importance of protecting our natural resources by understanding the environmental risks and impacts associated with our business footprint.