EBOS Group reports FY25 climate progress, misses some targets

EBOS Group Limited’s FY25 Climate Statement reveals both progress and ongoing challenges in its sustainability initiatives. The company achieved its target of zero reported Scope 1 GHG emissions after offsets for FY25, retiring 3,343 Australian Carbon Credit Units (ACCUs). However, it delayed its target to reduce grid-supplied electricity to distribution facilities by 15% against a FY21 baseline, achieving a 12.3% reduction in FY25, and expects to meet the 15% target by FY27.

The Group's total Scope 1 GHG emissions for FY25 were 3,343 tCO2e, a decrease from 3,530 tCO2e in FY24. Scope 2 market-based GHG emissions also saw a reduction to 15,311 tCO2e in FY25, down from 16,354 tCO2e in FY24. Physical climate risks remain a concern, with 17 key facilities showing exposure, representing 67.3% of the total insured value, an increase from FY24's "not reported" total. This includes heightened exposure to flood (15.3%) and hail (35.4%).

EBOS's transition plan includes investment in a 5MW ground-mounted solar array, expected to be completed by FY27, and continued procurement of Renewable Energy Certificates (RECs) in New Zealand and Greenpower in Australia. The company's internal carbon price remains AU$40 per tonne for the reporting period.