Company disclosures (7)
Climate-Related Metrics
Energy Metrics
- Base building energy consumption: 472,058 GJ (2025)
- Energy intensity: 266 MJ/m² (2025), down from baseline
Solar Installation
- On-site solar PV capacity: 15.5MW of installed solar PV capacity on GPT-owned assets
Asset Resilience Metrics
- Climate adaptation coverage: 100% of GPT owned assets reviewed for climate vulnerability (not including assets held for development)
- 100% of GPT wholly owned and managed office and retail assets have climate adaptation plans
Waste and Materials Metrics
- Closed loop recycling: 34% closed loop recycling achieved in 2025
- 99% of GPT's assets reviewed for biodiversity, stormwater and heritage interfaces
Financial Metrics
- Sustainable debt: $1.3b of combined debt issued by GPT and GWOF under our Sustainable Debt Framework at the end 2025
- Carbon offset costs: Offsets have been purchased at an effective carbon price of approximately $30 per tonne through to 2027
Physical Risk Assessment
- Portfolio risk exposure: Less than 3.5% of portfolio value identified as moderate Value-At-Risk (VAR); no assets assessed as high VAR under high-emissions scenario
Methodology
Detailed data and breakdowns are available on GPT's website. Environmental data is reported for assets in which GPT has an ownership interest and that were under GPT's property management or co-owner property management for the full year ended 31 December 2025.
Climate-related metrics
Decarbonisation spend metrics
Total decarbonisation spend 2025: $612m (2024: $589m)
Capital and operational expenses breakdown:
- Capital expenditure, investments and carbon credits: $182 million (2024: $283 million)
- Operational expenditure: $430 million (2024: $306 million)
Spend by category (2025):
- Processing minerals and metals: $228 million
- Renewable electricity: $104 million
- Diesel transition: $77 million
- Nature-based solutions and carbon credits: $73 million
- Other: $12 million
Renewable energy metrics
Electricity from renewable sources: 77% (2024: 78%)
Contracted renewable capacity: We have contracted 2.7 GW of renewable generation and 540 MW of battery storage through power purchase agreements (PPAs) for Pacific Aluminium Operations.
Partnership investment commitments: Our strategy leverages partnerships expected to underwrite up to $8.5 billion in competitive greenfield energy projects, subject to final approvals and successful delivery.
Assets vulnerable to climate risks
Physical climate risk coverage: Climate projections are available for all assets, including non-managed sites, covering over 60 variables and multiple emissions scenarios. Flood risk modelling has been completed for 100% of assets across present-day, medium, and long-term horizons.
Emissions profile concentration: Approximately 77% of our Scope 1 and 2 emissions originate from our Aluminium & Lithium business which is highly energy-intensive.
Nature-based solutions metrics
High-integrity projects enabled: More than 500,000 hectares of high-integrity projects in 2025
Cookstove distribution: 120,000 cookstoves distributed in Madagascar as part of clean cooking pilots
Capital deployment metrics
Decarbonisation capital expenditure guidance: $1-2 billion to 2030 (reduced from previously issued range of $5–6 billion), including $0.6 billion in the period 2025-2027
Group capital allocation: Up to $10 billion (in real terms) annually in sustaining, replacement and growth capital in the medium term
Centre for Future Materials investment: $150 million committed to create a Centre for Future Materials led by Imperial College London
Closure and rehabilitation metrics
Closure provisions: $17.8 billion (2024: $15.7 billion) at the end of 2025
2025 closure spend: ~$1 billion on closure activities
Traditional Owner business spend: A$47.1 million in 2025 (2024: A$44.9 million) at Argyle rehabilitation project
Methodology and data sources
Decarbonisation spend refers to the total cost of delivering our global decarbonisation projects, nature-based solutions, and select Scope 3 activities. Expenditure must be incurred for decarbonisation purposes and can be either capital or operating in nature, based on financial accounting principles.
The guidance includes voluntary carbon credits and investment in nature-based solutions projects but excludes the cost of carbon credits purchased for compliance purposes.
CTAP expenditure in 2025: $136 million
CCS – CO2 equivalent stored: 1.23 million tonnes of CO2e (Moomba CCS stored CO2e is stated on a total operated basis)
Australian Carbon Credit Units (ACCU) received: 907,872 (total operated ACCUs) for Moomba CCS
Climate-related metrics
Metrics used to measure and manage CRROs
The Group uses various metrics to measure and manage climate-related risks and opportunities beyond GHG emissions, industry metrics, internal carbon prices and targets.
Amount and percentage of assets vulnerable to climate-related risks
Rainfall, hailstorms and flooding exposure
- As at 31 December 2025, 2.1% or $698 million of the Group's portfolio by book value (across 42 destinations) may be exposed to flooding
- 12.8% or $4,298 million may be exposed to hailstorms
- The vulnerability to rainfall has been considered as an impact to flooding
Bushfire exposure
- As at 31 December 2025, 4.5% or $1,525 million of the Group's portfolio by book value (across 42 destinations) may be exposed to bushfire
The assessment of vulnerability has taken into account the Group's mitigation activities and is representative of how much of the portfolio is exposed to the risk, not the probable impact to the portfolio.
Capital expenditure deployed toward climate-related risks and opportunities
In the current 2025 reporting period, the Group deployed:
- $0.7 million of capital for the direct management of climate-related risks
- $0.2 million of capital towards the implementation of climate-related opportunities
Methodology and data sources
Portfolio climate exposure assessments
Portfolio level climate exposure assessments were conducted to assess physical climate hazards. Destinations were ranked according to their exposure, and the rankings assisted in prioritising Climate Change Adaptation Plan (CCAP) completion across Group destinations.
Climate Change Adaptation Plans (CCAPs)
The CCAPs are destination-specific plans that outline current controls and future adaptation measures to improve the destination's climate risk profile and inform long-term investment decisions. Nineteen CCAPs have been completed to date covering 19/42 destinations. The remaining destination exposure ratings will be reviewed annually and CCAPs completed where required.
Additional operational metrics tracked
The Group tracks various operational metrics as part of its climate-related risk and opportunity management:
On-site renewable energy generation
- There are on-site solar installations at nine Westfield destinations with a total solar generation capacity of 12.2MW
Renewable energy certificate procurement
- There are 28 Westfield destinations with an embedded electricity network where the Group has the ability to procure and surrender renewable energy certificates on behalf of business partners
- The Group's electricity supply agreement in New Zealand provides New Zealand Electricity Certificates that account for 100% of the electricity emissions from New Zealand Westfield destinations (in place since 2022)
Energy efficiency initiatives
- LED lighting upgrades are being progressively completed across the portfolio
- Next Gen Building Analytics are applied to analyse building management systems and identify energy efficiency opportunities
- Plant and equipment replacement with more efficient technology
Cross-reference to detailed metrics
Metrics and targets are supplemented by the 2025 Data Pack, which provides additional information on the Group's performance. The data pack includes voluntarily disclosed metrics outside the scope of AASB S2 reporting and assurance. Selected voluntary metrics disclosed within the data pack undergo limited assurance.
Climate-related metrics for measuring and managing risks and opportunities
Emissions reduction capital expenditure
Metric: Capital investment in emissions reduction projects at Geelong Refinery 2025 amount: $20 million invested in capital projects aimed at reducing emissions Expected outcome: Estimated annual reduction of 29 kt Scope 1 emissions Methodology: Investment focused on commercially viable emissions reduction projects including electrification projects and energy efficiency improvements
Low-carbon liquid fuels development
Metric: Financial contribution from low-carbon liquid fuels 2025 amount: $2.2 million in 2025 Methodology: Investment in establishing supply chains for SAF, renewable diesel and Low Sulphur Marine Fuel, though this represents only a small share of overall portfolio (less than 0.05% of total fuel market in Australia)
Assets vulnerable to transition risks
Key asset concentration: The Geelong Refinery accounts for 98% of the Group's Scope 1 emissions in 2025 and is the Group's largest asset exposed to climate-related regulatory compliance costs. Business line exposure:
- Direct Operations for Energy & Infrastructure business (Geelong Refinery) - most affected by policy/legal transition risks
- Downstream operations for all business lines - affected by market/technology transition risks and opportunities
Capital deployment toward climate-related opportunities
New energies infrastructure:
- Opened Australia's first renewable hydrogen refuelling station with commercial EV charging capabilities
- EV charging infrastructure development across retail network
- Investment in tank storage and reconditioning out-of-service tanks for LCLF supply pathways
Data sources: Internal financial reporting systems, operational data from Geelong Refinery, and business unit reporting for new energies investments.
Climate-related metrics (other than GHG emissions, industry metrics, internal carbon prices and targets)
Capital expenditure deployed toward climate-related opportunities
Scope 3 investment target progress: Cumulative expenditure against our Scope 3 investment target reached $2.6 billion at the end of 2025, up from $2.46 billion at the end of 2024. This is due to expenditure on Neosmelt, Beaumont New Ammonia Phase 2 assessment, and select CCS opportunities in Asia Pacific. The completion payment for Beaumont New Ammonia of approximately 20% of total value has not yet been included, as it was not made within the calendar year, but when made will increase Woodside's progress against the target to over $3 billion.
Methodology: Scope 3 investment target includes pre-RFSU spend on new energy products and lower-carbon services that can help our customers decarbonise by using these products and services. It is not used to fund reductions of Woodside's net equity Scope 1 and 2 GHG emissions which are managed separately through asset decarbonisation plans.
Assets vulnerable to climate risks
While none of Woodside's onshore operating assets are located in areas classified as water-stressed under the World Resources Institute Aqueduct Water Risk Atlas, we recognise that climate change, increasing demand of a shared resource and evolving regulatory expectations are creating greater uncertainty around freshwater availability and quality. Our assessments identified no immediate high freshwater risks across our onshore portfolio; however, we continue to actively monitor emerging risks to support long‑term water resilience and responsible resource use.
Flaring reduction performance
In 2025, Woodside achieved record low flaring performance at KGP with flared quantities less than 10% of their peak in 2013. This performance reduced GHG emissions by 62 kt CO2‑e compared to the originally budgeted plan.
Carbon credits portfolio
As at 31 December 2025, Woodside continues to manage a portfolio of more than 20 million carbon credits sourced from projects registered under established carbon crediting schemes, including the ACCU Scheme, Verra, Gold Standard and the Climate Action Reserve.
In relation to our 2025 equity Scope 1 and 2 GHG emissions, 1,283 kt CO2‑e carbon credits were retired in order to meet our target of 5,334 kt CO2‑e net equity Scope 1 and 2 GHG emissions.
Native reforestation project areas
In 2025, Woodside undertook its first year of planting in New South Wales of approximately 1,021 hectares of land and planted a further approximately 3,300 hectares of land in WA. As at 31 December 2025, the total area planted under the Native Reforestation Project in WA is around 16,500 hectares.
Abatement opportunities progress
At the end of 2025, projects which are expected to deliver approximately 50% of the GHG emissions reduction benefits of currently identified opportunities over the remaining facility life have commenced.
During 2025, we enhanced this process through the use of a carbon‑pricing analytics platform, which provides market data and forward‑looking insights to support Life of Mine planning and internal project evaluation. This information is considered alongside scenario‑based price projections, including those that incorporate a carbon price.
We also estimate the GHG emissions embedded in our proven coal reserves for internal evaluation, recognising the environmental context and its implications for long‑term resource management.
Carbon market data and forward-looking pricing insights continue to inform long‑term planning. In 2025, Yancoal's adopted carbon price prediction was informed by data from a leading carbon pricing platform and considered within Life‑of‑Mine Planning models. This information, including current ACCU market prices, forward curves, and high/mid/low pricing scenarios, supported carbon cost considerations and was applied in project and cost evaluation processes.