ClimateWorks and the Monash Sustainable Development Institute have released their first report in a series of Net Zero Momentum Tracker assessments that focus on key sectors of the Australian economy.

The Property Sector report examines all property companies listed in the ASX 200, and all those required to report their emissions under the National Greenhouse and Energy Reporting Act. It shows a meaningful portion of Australia’s property sector has acknowledged the environmental, social and economic incentives for achieving net zero emissions.

Analysis found that 43% of these companies have a net zero target or aspiration, of which:

• 29% have pledged to achieve net zero emissions by 2050 for their owned and managed assets. These companies represent 36% of total ASX200 property sector market capitalisation
• 14% have made climate commitments that align with a pathway to achieve net zero emissions by 2050 but have not yet explicitly pledged to achieve this goal.

There is significant opportunity in the property sector for companies to strengthen their commitments to align with net zero emissions by 2050, with none of the property companies examined having targets that address all of their emissions and 9.5% have not announced any emissions reduction commitments or activities.

More information here