Operational net Scope 1 and 2 emissions targets

• 30% reduction by 2026 from 2019 levels¹
• At least 45% reduction by 2030 from 2019 levels¹

Renewable electricity targets

• 60% renewable electricity by 2030²
• 100% renewable electricity by 2040²

Scope 3 emissions ambition

• 25% reduction by 2035 from 2022 levels^3,4

Net zero emissions ambition

• To achieve net zero emissions^4,5 by 2050

Progress to date

• 41% reduction in operational net scope 1 and 2 emissions in 2025 from 2019 levels.

• 22% per cent renewable electricity in 2025.

_{1. Applies to existing operations and covers more than 95 per cent of Scope 1 and Scope 2 GHG emissions. Base year emissions will be recalculated consistent with GHG Protocol emissions accounting standards if structural changes occur such as acquisitions or divestments.}

_{2. Target boundary excludes small sites (e.g., single remote offices, depots), markets where total consumption is less than 100 MWh pa, or countries where credible sourcing options do not exist.}

_{3. Coverage includes all reported Scope 3 emissions across the 12 of the 15 Scope 3 reporting categories deemed relevant to Orica. Base year emissions will be recalculated consistent with GHG Protocol emissions accounting standards if methodology or structural changes occur such as acquisitions or divestments.}

_{4. Achieving the net zero emissions and Scope 3 ambition will require effective government policy frameworks, supportive regulation and financial incentives, meaningful and transparent collaboration across value chains and access to new economically viable low‑carbon technologies operating at commercial scale.}

_{5. Our net zero emissions ambition covers our global Scope 1 and 2 emissions under our direct control, and material Scope 3 emission sources, covering 89% of our global Scope 1, 2 and 3 GHG inventory. Material means the GHG emissions arising from the Scope 3 reporting categories of purchased goods and services (category 1) and use of sold products (category 11).}

Orica has been conditionally awarded $432 million to support development of the Hunter Valley Hydrogen Hub, as part of Australian Renewable Energy Agency (ARENA)’s Hydrogen Headstart program