Performance and Priorities

Carbon and energy

Direct emissions

Upstream emissions

Taking into account green electricity usage and Australian Carbon Credit Units (“ACCUs”) surrendered during the period, the Trust’s net Scope 2 emissions position for the year ended 30 June 2023 was zero tonnes CO₂e.

Indirect emissions from purchased electricity was 49 tonnes CO₂e (down from 120 tonnes CO₂e in the prior corresponding period)

These emissions occur at a small number of properties where the Trust is responsible for some electricity usage (repositioned properties vacated by Bunnings and common areas at multi-tenanted properties, such as common parking areas and road and pedestrian access ways). Purchased electricity is otherwise the responsibility of the Trust’s tenants.

The Trust is in the process of further understanding the Scope 3 emissions profile associated with its value chain. The responsible entity for the Trust is 100 per cent owned by Wesfarmers. The responsible entity seconds employees from Wesfarmers, as such business-related travel and emissions relating to employee commuting incurred by the responsible entity are reported by Wesfarmers.

Downstream emissions

This is the most material category of emissions for BWP Trust as it comprises the Scope 1 and Scope 2 emissions of our tenants. The most significant of which will likely be Bunnings, as it comprised approximately 83 per cent of the portfolio at 30 June 2023. Bunnings reports that it is continuing to progress towards its targets to achieve 100 per cent renewable electricity by 2025 and net-zero Scope 1 and 2 emissions by 2030.¹