In H1FY21, IAG established Intermediate Targets to reduce the Normalised Carbon Footprint and Carbon Intensity for its Australian and Global Listed Equity Mandates. This includes: • Target minimum reduction of 25% versus 2020 relevant index level baselines until 2025 (to be implemented over FY21). • Target minimum reduction of 50% versus 2020 relevant index level baselines by 2030. Progress on how IAG is tracking against these commitments for Australian and Global Listed Equity Mandates will be reported at end FY21 in IAG’s Climate-related disclosure. We continued to manage climate change impacts and have further strengthened our public commitments during the year. We have been carbon neutral since 2012 and have set sciencebased absolute emission targets for scope 1 and 2 emissions to meet the Paris Agreement commitments to keep climate change below 2°C. Using financial year 2018 as a baseline, the targets for scope 1 and 2 emissions were a 20% reduction by 2020, which we achieved, and then 43% by 2025, 71% by 2030 and 95% by 2050. This year we achieved a 15% reduction in our scope 1 and 2 emissions to 18,059 tonnes CO2e and we remain on track to meet our 2025 science-based target. The continued downward tre
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