Sustainability Reporting
At GeelongPort, our values drive our business, and our people drive our values. We are passionate about sustainability and committed to delivering on our purpose to become Australia’s most sustainable port.
At GeelongPort, our values drive our business, and our people drive our values. We are passionate about sustainability and committed to delivering on our purpose to become Australia’s most sustainable port.
We are committed to transparency regarding our environmental, social and governance (ESG) efforts and do this through key reporting processes, including:
- Membership of the GRESB Infrastructure Asset Benchmark
- Science Based Targets initiative (SBTi)
- Annual sustainability reporting in accordance with GRI Standards.
2024 Sustainability Report
GeelongPort’s third annual Sustainability Report has been completed in accordance with GRI Standards. This report provides a comprehensive review of our performance across material environment, social and governance topics.
Previous reports can be accessed below:
Action on climate change
Our commitment
GeelongPort commits to practical climate action based on the best available science and information. We commit to understanding and adapting to climate change, preparing for the challenges and opportunities, meeting our obligations under the Paris Agreement and associated voluntary and regulatory obligations, including reporting against the Taskforce on Climate-related Financial Disclosures (TCFD) framework.
Our ambition
We aspire to be Australia’s most sustainable port, contributing to a low-carbon economy and a healthier planet. We are dedicated to making a positive impact on the environment while supporting the economic growth and development of our region. Together, we can navigate towards a more sustainable future.
Our Greenhouse Gas (GHG) reduction targets:
Scopes 1 and 2: Net zero by 20301
Scope 3: By the end of 2030 customers, suppliers and/or tenants responsible for at least 67% of targeted scope 3 emissions2 have their own near-term target aligned to the latest climate science.
1 GeelongPort will achieve net zero via a 90% reduction against our 2018 emissions baseline by 2027, with no more than 10% accounted for by climate contributions by 2030.
2The Scope 3 emissions included in this target cover GHG Protocol categories 1-8 and 13. Scope 3 emissions related to GHG Protocol categories 9-11 will be reported but are currently excluded from this target.
We will share more details about our updated sustainability strategy, including our high-level decarbonisation plans throughout 2025. In the meantime, you can read our current Environment strategy here: Environment Strategy | GeelongPort.
You can track our progress here: Science Based Targets | GeelongPort
The Science Based Targets initiative (SBTi) is a global body supporting businesses to set emissions reduction targets in line with the climate science. To find out more about our commitment to the SBTi, click here.
GRESB
We are excited to announce we have received a five-star GRESB rating for the fourth year in a row, again placing GeelongPort in the top 20 per cent of all GRESB participants globally in 2024.
GeelongPort has also maintained a score of 97 out of 100 and was awarded first place globally for bulk ports that provide maintenance and operations support.
About GRESB
GRESB, previously known as the Global Real Estate Sustainability Benchmark, provides systematic reporting, objective scoring and peer benchmarking of ESG management and performance of infrastructure assets around the world.
Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure assets, used to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.
Participating entities are given a GRESB Rating each year based on how they score on the ESG issues most material to their business. If an entity’s GRESB score is placed in the top quintile of its sector, it is recognised as a GRESB five-star rated entity. Each year, only 20 per cent of entities receive a GRESB five-star rating.