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Environment

ASX’s climate change statement  
Our approach to climate change brings together our commitment to being a responsible corporate citizen, our role supporting Australia’s transition to a low carbon economy, and our role as market operator to encourage transparency from issuers.

99.4%

reduction in Scope 1 and Scope 2 emissions compared to FY21 baseline

Addressing climate change

It is important that our response to climate change is aligned with our values as an organisation. While we do not believe ASX has material risk to climate change, we do have a responsibility to adhere to best practice and be an example for issuers.

As the premier securities and derivatives market operator in Australia, we seek to lead by example by embracing sustainability in our business and operations. We recognise we have a part to play in reducing carbon emissions, and have set a target of achieving net zero for our Scope 1 and Scope 2 emissions in FY25.

Our approach to climate change focuses on what ASX can do to:

  • minimise the impact of our operations on the environment and carbon footprint;
  • encourage consistent, comparable, and reliable climate change-related reporting and disclosures; and
  • support Australia’s transition to a low carbon economy by offering products and services that enhance decision-making, manage risk and meet the growing demand for environmental, social and governance (ESG) investments.

 

Taskforce on Climate-related Financial Disclosures (TCFD)

ASX has been a supporter of the TCFD since 2019 and while we note that new draft legislation for climate-related financial reporting is currently before parliament, we recommend issuers use the TCFD framework for disclosure of climate-related risks and opportunities.

This is the fourth year that ASX itself has reported on its approach to climate change adopting the TCFD recommendations and guidance.

Our 2024 TCFD report is available here.

The 2024 TCFD report updates progress against the scenario analysis captured in 2021. These scenarios assessed ASX’s inherent climate risks and opportunities that may arise under 1.5C and 4C scenarios over the two-time horizons of 2030 and 2050.

 

Membership of UN Sustainable Stock Exchanges Initiative

As part of ASX’s ongoing commitment as a Partner Exchange under the UN Sustainable Stock Exchanges (SSE) initiative, ASX confirmed its participation in the UN SSE Net Zero Comment Group aimed at helping the creation of net zero targets for exchanges. This provides ASX with the opportunity to help shape the commitments that exchanges across the globe might make in the future.

e-waste strategy

ASX’s e-waste standard outlines a process for the management of our e-waste. It defines how we manage waste from electronic products that are purchased or utilised by ASX and its employees to facilitate their work as part of ASX operations. Personal electronics purchased by ASX’s employees are not identified as being part of this standard.

98%

e-waste recycled

Reducing e-waste

We are committed to recycling, reusing resources, and reducing e-waste associated with the operations of our business. During FY24, we have built processes that focus on reducing electronic waste, recycling unwanted equipment, reusing equipment and sustainably procuring products.

At ASX, e-waste is classified in the following categories: 

  • End user devices – such as laptops, tablets, mobile phones 
  • Computer parts and peripherals – such as mice, keyboards, headsets, remote controls, speakers, hard drives, web cameras, and chargers 
  • Media products – such as digital linear tapes (DLT) and hard disk drives (HDD) 
  • Desktop monitors 
  • Office printers and multifunction devices (MFDs) – such as photo copiers, fax machines, toners, cartridges, and paper shredders 
  • Batteries – such as batteries from uninterruptable power supply (UPS), handheld devices, laptops 
  • Digital displays 
  • Network server, storage infrastructure and data centre equipment 
  • AV and lighting equipment – such as microphones, projectors, amplifiers, fluorescent lamps, high intensity LEDs 


Key environmental outcomes in FY24

Energy and emissions

 

  • 100% renewable electricity was sourced where ASX has the right to select the electricity product or retailer for the office under the terms of the lease agreement for these offices. Over 99% of the electricity ASX purchased in 2024 to operate its buildings is via the Australian Government’s accredited renewable electricity product GreenPower purchased through our electricity retailer.
  • ASX reduced total Scope 1 and Scope 2 emissions by 99% between FY22 and FY24. Our reductions are a result of improving energy efficiency across our operations, and sourcing renewable energy.
    • In FY24, Scope 1 emissions were down 33% (16 t CO2-e) compared to the previous year. This is mainly due to a reduction in diesel consumption (5,000 litres) as a result of less generator run time, due to less power interruptions and major maintenance activities.
    • Scope 2 emissions were down 15% (10 t CO2-e) in FY24 compared to the previous year. This is mainly due to the majority of our offices now purchasing 100% GreenPower.
    • Scope 3 emissions increased 17% (416 t CO2-e) compared to the previous year This is mainly due to:
      • No carbon credits purchased in 2024 (250 credits in 2023 applied to business travel)
      • Increased international business travel, flights up 9% compared to same period last year.

 

Our path to 100% net zero Scope 1 and Scope 2 emissions - key environmental outcomes in FY24


ASX remains committed to supporting corporate Australia in achieving its sustainability goals and looks to lead by example. We have achieved our target of sourcing 100% renewable electricity this financial year, where ASX has the right to select the electricity product or retailer for the office.

ASX remains committed to achieving net zero Scope 1 and Scope 2 emissions in FY25. ASX expects to eliminate unavoidable residual emissions (<1%) with the purchase and surrender of Australian Carbon Credit Units (ACCUs).

Emissions data 

ASX emissions data provided below relates to the financial year ended 30 June 2024, is reported on a financial control basis and is presented to the nearest significant figure.