- Intense competitive conditions for mortgages in Australia, particularly during the first half of the year
- Reduced Net Interest Margin (NIM) in Manufacturing segment due to competition
- Climate risks in mortgage portfolio (floods, fires, drought affecting customer repayment ability)
- Reputational risk if failing to adapt to climate change and meet stakeholder expectations
Australian Finance Group Ltd
Greenhouse gas emissions & sustainability report data
In its 2023-07 to 2024-06 reporting, Australian Finance Group Ltd disclosed greenhouse gas emissions of 1.3K tCO2e/year. By scope: Scope 1: 1.26 tCO2e/year; Scope 2: 115.36 tCO2e/year; Scope 3: 1.1K 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
1.3K tCO2e/year
2023-07 to 2024-06
📊 Emissions by Scope (2023-07 to 2024-06)
| 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). | 1.26 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 115.36 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.1K 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 |
|---|---|
| 2023-07 to 2024-06 | 1.3K tCO2e/year |
| 2022-07 to 2023-06 | 1.5K tCO2e/year (gross) 594.8 tCO2e/year (net) |
| 2022 | 982.7 t CO2-e (gross) / 674.9 t CO2-e (net) |
| 2020-07 to 2021-06 | 880.69 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 carbon footprint (1,265.37 tonnes of CO2-e in FY24, down from 1,484.1 tonnes in FY23)
- Voluntarily purchased 388 tonnes of CO2-e offsets through Greenfleet
- Planted over 4,000 trees through Carbon Positive Australia since 2022
- Implemented energy-saving initiatives and recycling program in head office
- Transition to paperless documentation (in progress)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve a minimum of 45% women in management positions by 2025
📅 Medium-term
- Foyer Foundation’s vision of 50 accredited Foyer facilities across Australia by 2030
🔭 Long-term
- Support the transition to net zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceResponsible Mortgage LendingEmployee WellbeingCommunity Investment