TPG Telecom, a telecommunications company, has set a target for net zero by 2050 to reduce its greenhouse gas (GHG) emissions. Scope 1 emissions, which include fuel usage from vehicles and electricity generators, currently account for only 1.1% of the company's emissions footprint. The largest source of emissions comes from electricity consumption by mobile and fixed networks, data centers, and corporate and retail operations. TPG Telecom has specific goals related to scope 1, scope 2, and scope 3 emissions. In 2022, the company’s GHG emissions reported was scope 1 at 2.8 ktCO2-e and scope 2 (market-based) at 224.8 ktCO2-e, totaling 227.6 ktCO2-e. In the short term, the company aims to achieve a 95% reduction in absolute Scope 1 & 2 greenhouse gas (GHG) emissions and a 30% reduction in absolute Scope 3 greenhouse gas (GHG) emissions by 2030, using the 2021 base year as a reference. Looking ahead, the long-term target is to reduce absolute Scope 1, 2 & 3 GHG emissions by 90% by 2050.

TPG Telecom has taken several steps to reduce its emissions and achieve its net-zero targets. The company has conducted quantitative climate scenario analysis to assess the materiality of climate change across its value chain. It has also established an internal Climate Risk working group to drive the implementation of its emissions reduction roadmap. TPG Telecom is investigating options for activities that will support the attainment of net-zero emissions and is developing a detailed decarbonization roadmap for its operations and value chain. The company is committed to improving its identification, assessment, management, and disclosure of climate-related risks and opportunities.

To achieve its emission reduction targets, TPG Telecom is focusing on powering its operations with 100% renewable electricity and engaging with key suppliers to encourage the setting of emission reduction targets. The company aims to power its Australian operations with 100% renewable electricity by 2025. From 2021 to 2022, the proportion of renewable electricity consumption for TPG Telecom's Australian operations remained stable at 23%. The company is also analyzing various sources of emissions to identify potential reduction interventions. TPG Telecom's commitment to powering its operations with renewable electricity is expected to reduce its operational emissions footprint by as much as 99%.

Overall, TPG Telecom is taking significant steps to reduce its GHG emissions and achieve its net-zero targets. The company is committed to sustainability and managing risks related to climate change. By tracking its progress and implementing emission reduction interventions, TPG Telecom is working towards a low-carbon future and building resilience across its organization.

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