- Increase in REA’s overall carbon footprint (21.3% since FY22).
- Increase in Scope 3 emissions due to increased business travel, reassessment of emissions boundary, and improved data quality.
- Lack of property price availability and accuracy on listings.
REA Group Ltd
Greenhouse gas emissions & sustainability report data
In its 2022-07 to 2023-06 reporting, REA Group Ltd disclosed greenhouse gas emissions of 9.0K tCO2e/year. By scope: Scope 1: 617.1 tCO2e/year; Scope 2: 0 tCO2e/year; Scope 3: 8.4K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
9.0K tCO2e/year
2022-07 to 2023-06
📊 Emissions by Scope (2022-07 to 2023-06)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 617.1 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 8.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022-07 to 2023-06 | 9.0K tCO2e/year |
| 2021-07 to 2022-06 | 7.7K tCO2e/year |
| 2020-07 to 2021-06 | 6.3K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced REA Australia’s electricity emissions by 64% annually through GreenPower.
- Targeting net zero emissions across scope 1, 2 and 3 by 2050.
🎯 Climate & Sustainability Targets
🔜 Short-term
- In-depth analysis of prioritised climate-related physical and transition risks and opportunities.
- Explore climate change related opportunities and potential for integration into existing strategies.
- Continue priority emission reduction initiatives.
📅 Medium-term
- Reduce scope 1 & 2 emissions by 42% (aligned to a 1.5°C world) from a FY20 baseline.
- Reduce scope 3 emissions by 25% (aligned to a well-below 2°C world) from a FY20 baseline.
🔭 Long-term
- Net zero emissions across scope 1, 2 and 3 by 2050.
🌱 ESG Focus Areas
Responsible and ethical business practicesData privacy and cyber securityExperience and satisfaction (customer & consumer)Talent attraction and retentionHousing affordability advocacy and industry leadershipProduct quality and serviceInnovation and technologyCulture and valuesDiversity, equity and inclusionRisk and resilienceClimate Risk