In FY23, Centuria set the following emission reduction targets:
- Targeting the elimination of gas and diesel in operations (scope 1) for Centuria and COF where practicable by 20351
- Targeting zero scope 2 emissions by 2035 for Centuria, and 2028 for CIP and COF2
What do our scope 1 and 2 emission reduction targets include?
Source of scope 1 emissions
Includes natural gas and diesel used during the operation of our buildings. Gas and diesel related emissions cover whole buildings where where Centuria or COF owns and operates the equipment. For the purpose of our target, scope 1 emissions do not include sources of gas, diesel and other fossil fuels used and controlled by our tenants.
Source of scope 2 emissions
Scope 2 emissions represent electricity consumed in areas where Centuria, CIP and COF has ‘operational control1’, which may include electricity consumed for base and common areas across the Scheme’s assets.
1. Centuria and COF will focus on eliminating gas and diesel where practicable, from equipment owned and operated by the Group. Gas and diesel equipment owned and operated by our tenants is excluded from Centuria’s sustainability target.
2. Centuria, CIP and COF will account for zero scope 2 emissions by being powered by the equivalent of 100% renewable electricity through a combination of on-site solar and large-scale generation certificate deals which match our consumption.