- Understanding and managing greenhouse gas (GHG) emissions.
- Transition to mandatory climate-related reporting.
- Managing climate-related physical and transition risks (extreme weather, sea level rise, rising energy costs, carbon pricing).
- Ensuring compliance with global sanctions obligations.
- Addressing modern slavery risks within the supply chain.
Codan Limited
Greenhouse gas emissions & sustainability report data
In its 2023-07 to 2024-06 reporting, Codan Limited disclosed greenhouse gas emissions of 54.4K tCO2e/year. By scope: Scope 1: 1.5K tCO2e/year; Scope 2: 1.0K tCO2e/year; Scope 3: 51.8K 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
54.4K tCO2e/year
2023-07 to 2024-06
Renewable Energy
35% (Mawson Lakes electricity)
of total energy
Water Usage
9.9K kl/year (Head Office)
2023-07 to 2024-06
Waste
62 MT/year (Head Office, 100% diverted from landfill)
2023-07 to 2024-06
Energy Use
1.0M kWh/year (Mawson Lakes)
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). | 1.5K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.0K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 51.8K 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 | 54.4K tCO2e/year |
| 2023 | 67.1K tCO2e/year |
| 2021-07 to 2022-06 | 1.1K tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Planted 500 trees contributing to local biodiversity.
- Rebaselined GHG footprint for FY23 and calculated FY24 emissions.
- Identified and investigated GHG reduction opportunities.
- Advanced along the planned milestones of its TCFD Roadmap.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Installation of additional electric vehicle charging stations.
- Creation of an Uber “Business Corporate Account”.
- Use of renewable energy electricity packages for all offices.
- Increase percentage of sea freight used compared to air freight.
- Use electric, hybrid or low carbon vehicles when replacing existing fleet vehicles.
🔭 Long-term
- Review our global environmental footprint to establish the timeframe and financial implication of making a GHG net zero statement.
🌱 ESG Focus Areas
EnvironmentSocialGovernance