CDL Investments reduces emissions, exceeds internal target in FY24

CDL Investments New Zealand Limited (NZX:CDI) announced the publication of its FY24 Climate Statement, highlighting a 13% reduction in greenhouse gas emissions compared to its 2023 base year, exceeding its internal reduction target of 2%. This reduction, attributed to methodology refinement, includes Scope 1, 2, and selected Scope 3 emissions. CDI has received Toitū Carbon Reduce certification for the FY24 and KPMG provided limited assurance over reported emissions. Looking ahead, CDI aims to refine emission inventories and implement more ambitious reduction targets in future reporting periods, with ongoing engagement with consultants and suppliers. While not quantifying risk and opportunity exposure, CDI outlined plans to continue to develop climate-related risks into existing risk management. The company has invested NZD 12,000 in developing resourcing for greenhouse gas inventory, NZD 15,750 on assurance and NZD 34,100 on development of climate scenarios and risk register.