Targets, Goals & Commitments

Targets, Goals & Commitments

 Impactful, attainable work aligned with who we are and what we do


Our overarching goal in sustainability has been to create a program of work that is impactful, attainable, and aligned with our corporate strategy and principles of integrity and performance.

In FY23, we formalised our Net Zero ambitions and have set ourselves performance targets to ensure progress against our Sustainability Strategy.

Our goal is to be Net Zero Scope 1 and 2 greenhouse gas emissions by 2045. Our first target is a 25% reduction in Iona scope 1 and 2 emissions by 2026, which we plan to achieve through a considered combination of measures, including in-plant abatement as a priority.

Our Goals, Targets and Commitments

GOAL* Lochard is Net Zero Scope 1 & 2 GHG Emissions by 2045


TARGET 1 25% Reduction of GHG Emissions by 2026


TARGET 2 50% Reduction of GHG Emissions by 2026

COMMITMENT 1     100% renewable electricity by 2024

COMMITMENT 2     Implement a comprehensive Leak detection and Repair Program

COMMITMENT 3     Implement an internal carbon price of $100/t CO2

COMMITMENT 4     Develop a high-quality carbon offsets strategy

COMMITMENT 5     Undertake Electrical Compressor Screening Study

* Read definitions and explanatory notes for Net Zero pathway definition