Reducing greenhouse gas emissions and improving energy efficiency across our communities and operations sits at the heart of our climate change mitigation and adaptation strategy.
Over the past 10 years we have materially changed the focus of our business – and as a result, the scale and nature of the communities we own, manage and develop.
Our approach to emissions management represents both a disciplined response to regulatory and market risk, and a tangible demonstration of our commitment to long-term value preservation across a growing and diversifying asset base.
We have committed to achieving Net Zero Scope 1 and 2 emissions by 2035, supported by a detailed decarbonisation pathway.
An interim emissions reduction target of 30% against a 2019 baseline was achieved ahead of schedule in FY25.
Our emissions reduction strategy follows the carbon management hierarchy of avoid, reduce, replace, and then offset – prioritising energy efficiency and on-site renewable energy to provide a greater reduction in our emissions baseline, before considering carbon offsets for any remaining footprint. The purchase of renewable energy from the grid will assist in eliminating the majority of remaining emissions, with carbon offsets anticipated to be used to remove what is left.
The strategy focuses on four key levers:
- Avoiding unnecessary energy use through sustainable design
- Improving energy efficiency across the operating portfolio
- Sourcing renewable energy including solar PV and power purchase agreements
- Offsetting any residual hard-to-abate emissions.
Our disciplined sequencing reflects a genuine commitment to structural decarbonisation rather than reliance on offset mechanisms.
New developments are designed to be all-electric, meaning the Scope 1 footprint associated with gas and LPG is expected to diminish progressively as our portfolio evolves.
The Group’s 2035 Net Zero Scope 1 and 2 carbon emissions target was reaffirmed in FY25 following a comprehensive review of our emissions pathway, undertaken to reflect the significant changes in our asset base and business focus since the pathway was first established.
This willingness to actively revisit and stress-test our commitments, rather than simply restate them, reflects our transparent and evolving approach to climate governance.
In FY25, total Scope 1 and 2 greenhouse gas emissions reduced by 8% compared to FY24 – a result achieved despite a 5% rise in occupied room nights across the portfolio, representing genuine operational decoupling of growth from emissions.
Emissions intensity, measured on the basis of occupied nights, decreased by 12% compared to the prior year, underscoring the improving efficiency of our asset base.
Emissions performance is monitored through a central data management system and reported to the Board and Audit, Risk and Sustainability Committee annually.
The absolute emissions figures are found in our Sustainability Data Pack.
A range of initiatives were implemented in FY25 to reduce energy consumption and enhance our renewable energy position. Renewable energy represented 28% of Ingenia's total electricity use in FY25, reflecting the cumulative impact of ongoing solar investment across the portfolio.
Our Solar Program continues to expand materially:
- An additional 1,300 kW of solar capacity was installed across 12 development sites during FY25, representing a capital outlay of $10 million.
- Since 2020, Ingenia has installed more than 9,000 LED lights and over 3,000kW of solar PV across approximately 57 assets, alongside progressive upgrades to hot water systems, air conditioning and appliances.
- A solar monitoring system rolled out in FY24 continues to track solar output in real time, enabling rapid identification and remediation of performance issues – an important capability as our solar asset base grows in scale and complexity.
Transport electrification continues across both holiday parks and land lease communities. More than 50 EV charging stations have been installed across the portfolio.
Over FY25, holiday parks delivered 706 EV charging sessions, dispensing over 14.3 MWh of energy – a relatively modest but growing contribution that reflects the early-stage nature of EV adoption across our guest and resident base. The introduction of solar-powered golf buggies for maintenance and housekeeping, alongside electric mowers and power tools, extends this electrification focus into day-to-day operational activities.
A key area of focus in FY25 was the continued improvement of emissions data capture and reporting quality – an important consideration for investors as climate-related disclosure requirements in Australia continue to evolve.
The implementation of a Fleet Card system now yields accurate fuel usage and mileage data for our vehicle fleet.
Additional energy sub-meters and water meters have been installed across our portfolio, improving the granularity and reliability of consumption data.
Critically, we implemented a dedicated emissions reporting system during FY25, designed to enhance data quality and reporting efficiency.
We also undertook a review of our Scope 3 boundary, establishing a framework for future data capture and reporting – an important step in building toward comprehensive value chain emissions disclosure.
As energy prices continue to rise, our solar investments are delivering dual benefits – reducing operational carbon emissions, while also generating cost savings for communities and residents.
Climate considerations are increasingly integrated into Ingenia's strategic planning and operations, supported by a structured approach to climate risk management, emissions reduction and business resilience.
The trajectory of the Group’s climate strategy in FY25 demonstrates our move toward embedded, organisation-wide climate governance.
Our climate strategy is anchored by a long-term target to achieve Net Zero Scope 1 and 2 carbon emissions by 2035. It is informed by leading international frameworks, including the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and aligned with the ASX Corporate Governance Principles.
Ingenia has published a dedicated Climate Disclosure Statement, updated in 2025, which details the Group's climate risk management approach, physical asset exposure, and emissions reduction pathway.
Climate Risk Management
Climate risk management sits at the core of Ingenia's mitigation and adaptation strategy.
The Group's climate exposure assessment supports the identification and prioritisation of assets most exposed to different natural hazards and provides a guide to preparedness for weather events.
Physical climate resilience is embedded into the design of new communities via compliance with planning requirements and the Group's Sustainable Development Guidelines include a specific commitment to Climate Adaptation and Resilience, incorporating design strategies that reduce exposure to climate risks — including fire-resistant landscaping and passive design features that reduce vulnerability to extreme heat.
Transition risks and opportunities are also considered and are disclosed in more detail in the Group's reporting.
