The Climate Action Framework for the Commercial Semi-State Sector was approved by the Government in July 2022. The Framework consists of five commitments that each Commercial Semi-State Body should adopt:
- Governance of Climate Action Objectives
- Emissions Measurement & Reduction Targets
- Measuring and Valuing Emissions in Investment Appraisals
- Circular Economy and Green Procurement
Since adopting the framework in late 2022, Coillte has advanced all major commitments, establishing a full sustainability governance structure and progressing its circular economy strategy. The company completed a carbon valuation in 2024 and now includes carbon appraisals in all future investments. It finalized a baseline of Scope 1 and 2 GHG emissions in 2023, set reduction targets approved by the Board, and introduced divisional carbon budgets while continuing work on Scope 3 emissions. Coillte also carried out a Climate Scenario Analysis in 2023 to assess physical and transition risks and opportunities, and it reports ongoing progress to NewERA through the Climate Action Framework reporting process.
To learn more about how we are addressing climate, please feel free to read more in our annual report.