Climate Change & Environmental Report Overview

The operational impacts on the environment associated with TFG’s retail and financial service activities are relatively low. In terms of direct impacts, TFG’s activities consume resources, energy and water, and contribute to the generation of product and packaging waste. While the environmental impacts do not have significant financial implications for the business, TFG recognises that environmental responsibility is part of good business practice and is committed to developing ways to reduce its impact more systematically.

OVERVIEW OF RESULTS OF EMISSIONS BY SCOPE FOR TFG 2016
Description Metric tonnes of CO2e emissions (tCO2e)
Scope 1 3 519
Scope 2 157 120
Scope 3 64 442
Non-Kyoto Protocol 1 840
Total GHG emissions 226 921

The majority (69%) of the total carbon emissions that TFG generates relates to the use of purchased electricity and is therefore its key focus area for reducing its impact. However, approximately 65% thereof relates to shopping centre air-conditioning over which TFG has little control. TFG’s key on-going initiative remains the conversion of its lighting systems to lower consumption units, which has been undertaken widely across the business. However TFG will continue to address shopping centre air-conditioning efficiency with its landlords.

Although TFG is a relatively small purchaser and hence has limited ability to promote and influence greater environmental awareness for responsible environmental practices amongst its suppliers, it continues to expand its audit processes to ensure compliance in key areas.

Brent Curry, a member of TFG Operating Board, is responsible for setting environmental policy, objectives, targets and reporting processes, including climate change.

This 2016 Carbon Footprint Report constitutes the 9th carbon footprint commissioned by TFG and should be compared against the previous carbon footprint calculations. All reports have been prepared using the Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standard methodology. The 2008 Carbon Footprint Report is used as the baseline carbon footprint calculation.

Click on the PDF below to access the full 2016 Carbon Footprint Report.


Click on the PDF below to access TFG’s Environmental Policy.