This report analyses 22 of Australia’s biggest emitters within the resources sector. It evaluates each company’s alignment with the global goal of net zero emissions by 2050, based on its stated commitments and actions.
It finds all 22 companies are taking steps to decarbonise their operations, with half committed to reducing their operational emissions in line with the net zero by 2050 goal. It also finds that action to reduce their most significant emissions – those that stem from customer use of their products and the goods and services the resources companies procure – falls well short of that 2050 goal.
Australian resources are domestically and globally significant from an economic and greenhouse gas emissions perspective. Australia is one of the world’s top exporters of coal and liquefied natural gas; its resource extraction and processing companies are amongst the largest in the world.
This analysis focuses on coal mining, oil and gas exploration and refining, and the mining, refining, processing and manufacture of metals. It looks specifically at 22 companies involved in these activities that reported the highest total scope 1 and 2 emissions in Australia in 2018-19.