CSL Limited Annual Report 2021/22 22 For the reporting year, our focus has been on advancing progress across our environmental pillar. We have taken necessary steps to understand the impacts of climate change on key assets and in responding to the challenges of a warming globe by delving deep into our operations today and well into the future. We have developed emission reduction targets across Value Chain. We are pleased to announce new carbon emissions reductions targets that will serve as a tangible, transparent roadmap to decarbonise our operations by reducing our direct and indirect emissions footprint. As such, in alignment with science-based targets, we commit to a 40% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using the average of CSL’s FY19-21 emissions as the basis. Further, we intend to ensure that suppliers who contribute 67% of our Scope 3 emissions have set Science Based Targets initiative aligned Scope 1 and 2 reductions by 2030. We continue to progress other focus areas across our other pillars, including access to our therapies, sustainable workforce, employee engagement and diversity, equity and inclusion, as detailed within this report. In support of our efforts, an executive committee has been established with several global executives as members. This committee has hands-on responsibility for formulating and achieving CSL’s sustainability goals. It will create a culture of accountability across CSL. CSL’s Board of Directors will retain oversight of progress through the Board and its Committees. Climate change risk assessment CSL has a practice of periodically conducting climate change risk assessments. This year we concluded an enterprise-wide risk assessment of our manufacturing facilities, CSL Plasma operations and key warehouse and third-party logistics infrastructure. Our current view of the impact of climate change has been factored into our financial reporting for the year ended 30 June 2022. The impact assessment was primarily focused on the valuation and useful lives of intangible assets and the identification and valuation of provisions and contingent liabilities, as these are judged to be the key areas that could be impacted by the current reasonably foreseeable climate risks. No material accounting impacts or changes to judgements or other required disclosures were noted. While the Group’s assessment did not have a material impact for the year ended 30 June 2022, this may change in future periods as the Group regularly updates its assessment of the impact of the lower carbon economy. 3 Our Performance and Strategy
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