Better known for its consumer brands such as Bunnings, Kmart and Officeworks, it also has interests in fertilisers, chemicals and in the energy sector.

In September this year, it announced an accelerated agenda to set and achieve net zero emissions for its retail operations by 2030, and its industrial businesses by 2050. This is on top of existing 2025 emissions reduction targets.

Naomi Flutter, an Executive General Manager at Wesfarmers said its climate action was driven by a commitment to contributing positively to the global goal of achieving net zero emissions by 2050.

“For us, transitioning to achieve net zero emissions from our business is about doing what’s right and good for the environment, and we want to step up and contribute

in a responsible way. It’s also what our customers believe in and want from us, and so from that perspective it also makes good business sense.”

To achieve its goals, Naomi says Wesfarmers is pulling on numerous levers to significantly reduce its emissions.

“We’re investing heavily in energy efficiencies in our retail businesses through new technology, solar panels and LED lighting. And in our industrial business we’re investing catalyst technologies
to reduce emissions intensity.”

Wesfarmers has banked with ANZ since the 1980s and we are supporting the company in its transition journey.

“We value the role ANZ plays as a key banking partner – especially with respect to the open and constructive dialogue we have with them on our transition agenda,” says Naomi.