Dexus science based emissions target
In FY19 Dexus enhanced its net zero emissions ambition by certifying its emissions reduction target with the Science Based Targets initiative (SBTi).
The Science Based Target Initiative is a joint initiative by CDP, the United Nations Global Compact, the World Resources Institute and WWF, which aims to help businesses pursue bolder solutions to climate change.
Targets adopted by companies to reduce greenhouse gas emissions are considered science-based if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement – to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
The SBTi has certified that Dexus’s scope 1 and 2 target is aligned with a 1.5°C trajectory, which represents their highest level of ambition. Looking beyond our own emissions, the target also commits us to reducing absolute scope 3 emissions by 25% by 2030 (FY18 baseline), to be achieved through engagement with customers about improving energy efficiency and reducing emissions within their occupied space.
Further, in December 2018 Dexus pledged to support the World Green Building Council’s Net Zero Carbon Buildings Commitment and become a member of The Climate Group’s EP100 campaign which recognises the importance of building energy efficiency in improving energy productivity. Our pathway to deliver these outcomes includes initiatives such as Dexus’s Energy Supply Agreement, onsite solar renewable program and continued investment in energy efficiency.