Emissions reduction commitments

Ausgrid is committed to reducing its greenhouse emissions and has set targets that have been endorsed by the Science-Based Targets initiative (SBTi).

Our CO2-e emission reduction targets are: Near-Term Target: Ausgrid Group commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030. Long-Term Target: Ausgrid Group commits to reduce absolute scope 1 and 2 GHG emissions 97% by 2045 and absolute scope 3 GHG emissions 90% by 2045. Overall Net-Zero Target: Ausgrid Group commits to reach net-zero GHG emissions across the value chain by FY2045.

Our targets are baselined to FY20 for scope 1 and 2 emissions and FY21 for scope 3. Our scope 3 targets include our entire supply chain emissions per the Greenhouse Gas Protocol.  

FY23 Performance

Scope 1 emissions

Reduced 50.67% from FY20 due to a marked reduction in sulphur hexafluoride (SF6) emissions. The biggest driver underpinning this decrease was a shift towards more precise SF6 reporting measures. We continue to promote SF6 alternatives, and in FY23, Ausgrid installed Australia’s first Clean Air SF6-free distribution type high-voltage switchgear.

Scope 2 emissions

Reduced 16.88% since FY20 due to grid decarbonisation, reduced electricity demand, property improvements and the installation of solar generation. Ongoing increases in renewable generation on the electricity grid will steadily remove our scope 2 line loss emissions.

Scope 3 emissions

In FY23, we measured our entire supply chain of scope 3 emissions per the Greenhouse Gas Protocol and established an FY21 baseline. We will work with our suppliers to improve our understanding of our scope 3 footprint and implement strategies to reduce this to net zero by 2045. 

Emissions Reporting

Our annual Sustainability Report provides a snapshot of our carbon emission reduction targets, key factors influencing our performance, and measures our progress over the financial year.

Our Taskforce on Climate-related Financial Disclosures Report builds on our emissions reporting to improve our stakeholders’ understanding of how we address climate-related risks to support sound risk assessments, informed capital allocation, and better strategic planning.

Our annual Carbon Emissions Performance Report provides further graphics and commentary about explaining our emissions performance.

We also capture data on our annual performance across our full range of emissions and report this information for compliance with the Federal Government’s National Greenhouse and Energy Reporting scheme.