Climate Change

Taking action on climate change

BINGO recognises that climate change is one of the most significant challenges facing the world today and presents serious social, economic and environmental risks to our planet.

BINGO is committed to the following action to manage our long-term carbon risks and opportunities: Transparent reporting and engagement with our stakeholders on climate change-related risks and opportunities. Minimising our own carbon footprint; Supporting our business partners, governments and communities in their efforts to reduce emissions through resources recovery; and supporting the development of resilience and adaption strategies to address the impact of climate change.

Key results

BINGO commits to supporting the work of governments to limit the average global temperature rise to no more than 2˚C above pre-industrial levels. Here are some of the results that we have already achieved.

Recovery rate at group level

80%

Percent

Tonnes of Eco Product produced

500

Thousand

Abated C02 emissions

298

Thousand

Our commitment & goals

BINGO is committed to the following action to manage our long-term carbon risks and opportunities:

Running all our facilities on 100% renewable electricity by 2025

Solar energy infrastructure installed at Auburn Head Office (NSW), Auburn TORO Office (NSW) and our Greenacre (NSW), Artarmon (NSW) and Braeside (VIC) recycling facilities.

Reducing our emissions by 50% by 2030

Emissions reduction roadmap 2030 developed and commenced to assist us with our goal of reducing our goal of 50% reduction in emissions.

Committed to achieving carbon neutrality by 2040

BINGO has committed to operating a net zero business by 2040 (from an FY0 baseline year) and we have already developed our roadmap to achieve this goal. This goal is over and above what is recommended under the science based target methodology.

Climate Change Statement

View Statement

BINGO joins RE100, commits to 100% renewable electricity by 2025

BINGO is a member of the RE100 and has committed to achieving 100% renewable electricity across the group’s network of facilities by 2025. RE100 is a global initiative bringing together the world’s most influential businesses committed to achieving 100% renewable electricity. In establishing a pathway to decarbonisation, we have committed to implementing a Science Based Target to help with framing our scope 1, 2 and 3 emissions targets. In alignment with our RE100 commitments we apply a gigajoule (GJ) intensity measure per million dollars of revenue and tonnes treated. This allows us to track our energy decarbonisation efforts and achievements.

Learn more about how BINGO is transitioning to a more sustainable future

MPC2 – The world’s largest mixed waste recycling facility

Circular economy

Recycling innovation

We report against the Task Force on Climate-related Financial Disclosures (TCFD)

BINGO acknowledges the 2017 recommendations of the TCFD, which provide guidance on how companies can consider climate change risks and opportunities and report these within their existing financial disclosures. In FY19, BINGO undertook a Group-wide review of climate risks and opportunities aligned with the TCFD framework and disclosed these in our FY19 Annual Report. BINGO will be taking a phased approach to reporting climate-related financial risks against the TCFD and is working towards providing a detailed scenario analysis in future disclosures.