We have a global commitment in place to reach net zero. As we decarbonise our business, there are emissions that we have not yet reduced or eliminated. We purchase high-quality carbon credits each year equivalent to the volume of these emissions for our scope 1, scope 2 and scope 3 business travel. We do not count these as emissions reductions towards our near-term targets.
We are committed to supporting quality projects that deliver real and verified outcomes. We have quality criteria in place for our network of firms when they purchase carbon credits.
Our carbon credit portfolio is diverse, designed to manage risk and maximise our impact beyond climate—supporting both nature and local communities.
This year, 88% of our portfolio focused on projects that protect and restore the environment through natural climate solutions. Projects that remove carbon from the atmosphere (rather than those that reduce or avoid emissions) accounted for 35% of our portfolio. While the majority of the removal projects in our portfolio were nature-based, a number of our firms supported more innovative hybrid or technology-based removals projects too.
You can find more information about the projects we supported in FY25 in the explorer tool below.
Beyond the LEAF Coalition, the projects we have supported in FY25, alongside others, have collectively impacted over 147,000 people and created over 67,000 jobs. They’ve supported the conservation of 278,000 hectares of primary rainforests and peatlands, and supported the reforestation and afforestation of more than 165,000 hectares of forest.