Orica to reduce GHG Emissions by 40% by 2030

Congratulations to our client Orica who announced its target to reduce its Scope 1 and 2 operational emissions by at least 40% by FY30, from FY19 levels.[1]

The Point Advisory team worked collaboratively with the Orica team to help define and assess its emission reduction targets informed by the industry-leading Science Based Targets initiative (SBTi), including modelling several emission reduction pathways and verifying and updating individual emission reduction opportunities that had been previously scoped by Orica.  This work enabled Orica to ultimately select an optimal pathway to reduce its emissions by at least 40% by FY30.

As part of Orica’s commitment to reducing emissions, we are also assisting Orica to further develop its scope 3 emissions inventory and progress market disclosures with reference to the recommendations of the Task Force on Climate-related Financial Disclosures.

For more information from Orica refer to their 20 November 2020 media release.

For more information on setting Science-Based Targets or Net Zero strategies visit this page.

[1] The target is based on FY19 existing operations levels and will be adjusted for any material acquisitions or divestments over time.

If you have any questions, please contact us.