CSL recognises that the use of certain abatement levers under our transition plan will be dependent on factors beyond CSL’s control. This includes, amongst others, where levers impact approved manufacturing processes that are subject to review and approval from relevant regulators. CSL has validated its near-term targets with SBTi and intends to adhere to the latest international agreement on climate change, including updated guidelines and jurisdictions. Progress towards targets is reviewed biannually by the ARMC by assessing the actual emissions for the period against projections, while also forecasting performance through to 2030 based on current and planned initiatives. Progress against GHG emissions target GHG emissions target Units Current year FY2026 Base year FY2021 Progress to date 42% absolute gross Scope 1 and 2 GHG emissions by FY2030 mtCO2e 238,213 331,2055 28% Scope 1 and 2 metrics GHG emissions (MtCO2e) Scope Description FY2026 FY2025 FY2024 Scope 1 Gross Scope 1 GHG emissions 134,731 134,810 132,840 Scope 2 (market based) Gross market-based Scope 2 GHG emissions* 103,482 151,590 215,090 Total of gross Scope 1 and market-based Scope 2 GHG emissions 238,213 286,400 347,930 Gross location-based Scope 2 GHG emissions* 213,156 229,250 248,620 * CSL has previously reported market-based Scope 2 emissions. For AASB S2 reporting purposes, location-based emissions are also disclosed. Other cross-industry metrics CSL has provided supporting cross-industry metrics covering physical and transitional impacts, and capital deployment to support our transition plan for the current reporting period. Vulnerability (and exposure) to climate-related risk metrics Cross-industry metrics – physical climate-related metric Climate-related physical hazard modelling undertaken for the purposes of assessing the financial effects of physical risks has been utilised as an input to assess CSL’s vulnerability. This modelling was completed for 176 CSL offices, manufacturing sites and storage facilities globally. From this modelling, CSL determined: • 41% of modelled sites (7 of 17 sites) are exposed to physical climate-related risks (including heat-stress and extreme weather events). ‘Exposure’ is the possible7 likelihood of the physical risk occurring. • 0% of modelled sites (0 of 17 sites) are vulnerable to physical climate-related risks. ‘Vulnerability’ is the potential for the impact to cause moderate financial impact to CSL. Cross-industry metrics – transitional climate-related metrics CSL has assessed the impact to the business of transition risks and opportunities as not financially material. CSL acknowledges that, in some parts of the business, increased energy costs under a low emissions scenario are expected. While all business segments are exposed to projected carbon pricing risk, the impact is proportional (based on nine sites and CSL Plasma centres): • Projected carbon cost 2030/business unit revenue ($ today): • CSL Behring: $22 million • CSL Seqirus: $3 million • CSL Vifor: negligible. Supporting markets requiring climate leadership, through decarbonisation strategies and climate-related initiatives, CSL aligns assets and business activities under our science-based target: • 100% of CSL’s assets and business activities are aligned to CSL’s near-term science-based target. Sustainability Report 5. CSL validated its near-term SBTi target in FY25. This FY21 baseline figure aligns to the updated and validated target baseline. 6. Assessed assets represent greater than 90% of CSL’s Total Fixed Asset Value, excluding leases and impairments. 7. CSL defines ‘possible’ likelihood as an event happening once per six to ten years. 152 Sustainability Report
RkJQdWJsaXNoZXIy MjE2NDg3