18 AUGUST 2022
Dr. David Allen

In part III, we looked at the global sectors, industries, and companies with the largest emissions.

In part IV, we look at the carbon culprits within Australia’s flagship index, the ASX 300. Australia’s sector mix is much narrower than for the global economy, with a much smaller Technology sector in particular. In a way, we are a victim of our own good fortune, with a small population, and an abundance of natural resources lowering the incentive to develop high value-add industries. But I digress.

The interactive chart below shows the breakdown of emissions by sector, industry, and company in the ASX 300.

The Materials sector contributes 54% of total emissions with Rio Tinto, South 32, and BHP, driving the lions-share of emissions. Utilities, are the second largest source driven by Australia’s heavy reliance on coal. AGL and Origin Energy contribute a staggering 27% of the total emissions of the ASX 300. In third place is Energy, with Santos, Woodside Energy, and Whitehaven Coal making up over 75% of sector emissions.

About the Author

Dr David Allen is head of Short/Long Strategies at Plato, managing the Plato Global Net Zero Hedge Fund. He holds a PhD from Cambridge and Bachelor of Business with First Class Honours.


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