Our focus areas in FY25: › Renewable energy: Explore the use of renewable energy and large-scale generation certificates to abate emissions from electricity consumption in regions where GreenPower or a local equivalent is not readily available, and address Scope 3 employee work-fromhome-related electricity emissions. › Energy efficiencies: Establish a roadmap to implement opportunities identified in the NABERS tenancy assessments conducted across Australian tenancies in FY24 to achieve further building and tenancy energy efficiencies. › Sustainable commuting and work-from-home practices: Educate staff on more sustainable commuting and work-from-home practices, leveraging insights from the employee commute and workfrom-home survey. › In-house carbon accounting platform: Implement an in-house carbon accounting platform to replace manual processes, enabling consistent year-round emissions tracking and improved data collection in compliance with upcoming ASRS. › Supplier engagement: Continue identifying opportunities to collaborate with suppliers to understand and advance their emission reporting and reduction targets. overall increase in the emissions in this category. The results from the survey will also inform us of opportunities to engage staff in more sustainable commuting and working from home behaviours to continue to reduce these emissions. › Upstream leased assets (emissions from base building electricity and natural gas) accounted for 12.8% of our Scope 3 emissions. Pleasingly, emissions in this category have decreased by 21.5% since FY20, largely due to decarbonisation initiatives at our Melbourne HQ. These initiatives included installing solar panels and optimising heating, ventilation and air-conditioning systems, which contributed to a 46% reduction in purchased grid energy for base building electricity in FY24. In FY24, we also worked with our Melbourne HQ landlord to transition the base building power to 100% GreenPower, effective 1 July 2024. This initiative aims to further reduce our Australian base building electricity emissions and contribute to our Scope 3 emissions reductions. Our REA India business contributed to two thirds of the emissions in this category, and we are continuing to explore opportunities for efficiency and renewable energy solutions. Scope 3 progress Scope 3 GHG emissions (indirect emissions from our value chain) accounted for 96% of REA’s GHG emissions in FY24, in which we saw a 22.2% YoY increase. Purchased goods and services decreased YoY, largely due to reduced spend in ICT hardware compared to FY23. Business travel, employee commuting and working from home, and upstream leased assets made up 76.7% of our Scope 3 GHG emissions, presenting our largest opportunities for continued action. › Business travel emissions made up 40.1% of REA’s Scope 3 emissions, increasing 55.5% YoY, primarily driven by additional travel to support REA Group’s global investments. This is an area of opportunity and a priority focus for our teams in FY25. We will continue to engage and educate our employees on sustainable travel options. › Employee commute and work from home emissions made up 23.8% of REA’s Scope 3 emissions. In FY24, our employee headcount increased and we continued to encourage sustainable commute practices through end-of-trip facilities and EV charging in our Melbourne HQ. In FY24, we conducted our first employee commute + work from home survey across Australia and India to understand employee commuting practices and identified a higherthan-expected use of public transport and cycling from our Melbourne HQ colleagues (the majority of our Australian employee base), along with 30% of staff surveyed use renewable energy at home at home. The survey identified REA India colleauges had higher rates of commuting with cars and motorbikes than previously estimated, which contributed to the Climate change continued REA offered bike servicing in exchange for charity donations. Environment 48 REA Group Ltd | Sustainability Report 2024
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