Climate Change Data

Reece Limited

Climate Impact & Sustainability Data (2018, 2022-07 to 2023-06)

Reporting Period: 2018

Environmental Metrics

ESG Focus Areas

  • Climate Change

Climate Goals & Targets

Environmental Challenges

  • Climate change poses a significant threat to many of Australia’s iconic natural areas that underpin our tourism industry.
  • Australia’s most important tourist destinations are already feeling the effects of climate change and these impacts will accelerate over coming decades.
  • Climate change is increasing some health risks for domestic and international travelers.
  • The tourism industry in Australia is extremely vulnerable, mainly due to its reliance on nature-based attractions that are already feeling the impacts of sea level rise and increasing extreme weather events.
  • Tourism contributes to the problem of climate change, especially through emissions from flights, and energy use in accommodation.
Mitigation Strategies
  • Many individual tourism enterprises - hotels, resorts, agencies, airlines and operators - are increasingly becoming part of the solution by embracing renewable energy, energy efficiency and other positive initiatives.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (heatwaves, storms, bushfires)
  • Sea level rise
  • Coral bleaching
  • Water scarcity
  • Increased intensity of tropical cyclones
  • Saltwater intrusion into freshwater wetlands
  • Reduced snow cover
  • Increased bushfire intensity
  • Spread of deadly jellyfish
Transition Risks
  • Changes in tourist behavior
  • Policy changes affecting travel choices
  • Reduced economic growth
Opportunities
  • Embracing renewable energy
  • Energy efficiency
  • Sustainable tourism initiatives

Reporting Period: 2022-07 to 2023-06

Environmental Metrics

Total Carbon Emissions:65,586 tCO2e/year
Scope 1 Emissions:39,891 tCO2e/year
Scope 2 Emissions:25,695 tCO2e/year
Renewable Energy Share:17% of total electricity use
Total Energy Consumption:747,518 GJ/year
Waste Generated:20,465 tons/year

ESG Focus Areas

  • Sustainable Business
  • Empowering Trade
  • Resilient Communities

Environmental Achievements

  • Phased out 0- and 1-star WELS rated products ahead of schedule in FY23.
  • 19% waste diverted from landfill in FY23.
  • 100% renewable energy in New Zealand since FY22.

Social Achievements

  • Launched Reece Foundation, undertaking its first projects.
  • Supported 19,900 people with access to clean water and sanitation through the Reece Foundation.
  • 50% reduction in turnover in new starters who completed the new ANZ branch fundamentals program.

Governance Achievements

  • Extensive search for an additional female independent director to the board, expected to be appointed in FY24.
  • Completed an internal ESG risk identification and analysis process to inform the wider business risk register.

Climate Goals & Targets

Long-term Goals:
  • Net zero Scope 1 and 2 emissions by FY40.
Medium-term Goals:
  • 35% reduction from FY21 baseline by FY30 in Scope 1 and 2 GHG emissions.
  • 70+ targeted solar PV installations in FY24.
Short-term Goals:
  • Cease selling 2-star rated WELS products (limited exceptions).

Environmental Challenges

  • Limited EV market availability to meet fleet requirements for emissions reduction.
  • Increase in LTIFR score in ANZ (8.9) and a small increase in the US (2.1) due to factors including COVID restrictions and high demand.
  • Need to improve waste diversion from landfill (currently 19%).

Supply Chain Management

Responsible Procurement
  • Working with suppliers to eliminate problematic packaging and trial circular solutions.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

UN Sustainable Development Goals

  • SDG 6 (Clean Water and Sanitation)

Reece Foundation projects contribute to SDG 6.

Sustainable Products & Innovation

  • Henden pool range (Solar Pool Covers)
  • Smart irrigation products from Rain Bird