Landcom Office Refurbishment
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Landcom has been making concerted efforts to reduce our emissions since 2018. Now we’re turning our attention towards planning for Net Zero.
In March 2020, the NSW Government launched its Net Zero Plan Stage 1: 2020-2030, which provided the foundation and start of NSW’s action on climate change to reach a goal of Net Zero by 2050. The Climate Change (Net Zero Future) Bill 2023, legislated at the end of 2023, furthered this commitment and outlined clear targets for the NSW Government to achieve Net Zero.
Our Ministerial Statement of Expectations encourages us to help deliver on the Government’s Net Zero Plan. The diagram below outlines how far we have come, how far we still need to go and the actions we need to take to get there.
Over FY24, Landcom worked with Sustainability Advantage in their Net Zero Accelerator Program to start preparing for, and understanding, what a Net Zero plan would look like for Landcom. We know this will need to detail what actions Landcom can take to enable carbon neutral outcomes at our communities in the near term, and facilitate a full transition to Net Zero over the medium to long term for all our operations.
In early FY25 we will be engaging with our internal stakeholders to map out what a transition to Net Zero will require, and what opportunities can be harnessed.
Our future plan will align with NSW Government targets in the beginning as we look to accelerate action to achieve those targets ahead of schedule. We anticipate releasing this Net Zero Transition Plan in FY25.
Gathering comprehensive data for all downstream Scope 3 emissions will be challenging. We’re not shying away from this challenge, and have already started tracking greenhouse gases at the upfront and construction phase for Panorama, and have three other projects reviewing embodied carbon for Class 1a and Class 2 buildings.
In FY25 we hope to have an informed estimate of the carbon generated by our primary land development and construction activities.
We know our emissions profile will rise, as we include downstream Scope 3 activities into our reporting boundaries. Supporting our supply chain to decarbonise is expected to be a high priority in Landcom’s future Net Zero Plan.
