Warakirri continues commitment to carbon neutral certification

Climate Active certification confirms that Warakirri has measured, reduced and offset greenhouse gas emissions associated with its business operations in accordance with the Climate Active Carbon Neutral Standard. The certification reflects Warakirri’s ongoing commitment to managing climate-related risks and opportunities while contributing to Australia’s transition to a low‑carbon economy.

Aligning with global climate science and emerging reporting standards

Warakirri recognises the findings of the Intergovernmental Panel on Climate Change and supports the objectives of the Paris Agreement, including efforts to limit global average temperature increases to well below 2°C above pre‑industrial levels and to pursue a 1.5°C pathway.

In response to the introduction of the Australian Sustainability Reporting Standards AASB S1 and S2, adapted from the International Sustainability Standards Board’s IFRS standards, Warakirri has continued to enhance its climate-related disclosures. These standards require applicable Australian entities to disclose climate-related risks and opportunities from 1 January 2025. Subject to applicable thresholds, Warakirri may be impacted by these requirements from 1 July 2027.

Ongoing emissions reduction and efficiency gains

Since first achieving Climate Active certification in 2021, Warakirri has made sustained progress in reducing emissions intensity, achieving a 14% reduction in greenhouse gas emissions per full-time employee. This has been accomplished despite the initial baseline year coinciding with the COVID‑19 pandemic, when business activity levels were reduced.

Over the past year, total greenhouse gas emissions declined from 905 tonnes CO₂e to 859 tonnes CO₂e. This reduction is primarily attributable to operational changes including the closure of the Flinders Emerging Companies Fund, the sale of a company vehicle, and lower air travel emission factors, alongside a modest increase in employee numbers.

Since 2023, electricity at Warakirri’s Melbourne head office has been matched with 100% renewable electricity through the purchase of Large-scale Generation Certificates (LGCs), procured by the building manager on behalf of all tenants within the embedded network.

Addressing residual emissions through high-quality carbon offsets

Warakirri remains committed to improving efficiency and has set a target to reduce emissions by 15% per full-time employee by 2030, compared to a 2021 base year. For emissions that are harder to abate, the business purchases carbon offsets in accordance with Climate Active requirements.

In the most recent reporting period, Warakirri offset residual emissions using a combination of carbon credits with additional environmental and social co‑benefits, including:

• South East Arnhem Land Fire Abatement Project (37%), supporting traditional fire‑burning techniques and emissions reduction initiatives.
• Verified Carbon Units (63%), supporting clean wind energy and avoiding coal‑related emissions.

In addition, approximately 23 tonnes CO₂e were offset through opt‑in fly carbon neutral services in 2025.

Managing Scope 3 emissions and climate-related risks

The majority of Warakirri’s greenhouse gas footprint originates from harder‑to‑abate Scope 3 emissions, with professional services and air transport comprising the largest categories. While financed emissions are excluded from Warakirri’s Climate Active certification (due to managed investments being funded by clients capital, not ours), Warakirri recognises that climate risks and opportunities for asset management companies extend to the consideration of assets under management.

Warakirri continues to assess how climate change may impact the business financially while seeking to maximise opportunities arising from the transition to a more sustainable economy.

Transparency and public disclosure

• Warakirri’s Climate Active Public Disclosure Documents for the 2024–25 certification year are available on the Climate Active website, reinforcing the firm’s commitment to transparency and accountability in climate reporting.