In 2024, we went well beyond the climate reporting requirements legislated by the Australian and New Zealand governments. We weren’t required to report to the level that we did, but we chose to because we believe in doing the right thing and being good corporate citizens. That first report was our stake in the ground. This second report shows how far we’ve come.

Capricorn isn’t expected to meet the mandatory climate-related financial reporting threshold until at least 2027. However, we chose to be ahead of the game and created a report that’s as much about our responsibility to our Members and Preferred Suppliers as it is about the long-term sustainability of Capricorn itself.

This year, we’ve made meaningful progress across every Area of Focus; from climate resilience and sustainable consumption to employee wellbeing and digital transformation. We’ve reduced our carbon footprint, expanded our Rising Stars Apprentice or the Year Award and launched the Capricorn Confidence Index to track the health of our industry. We’ve also rolled out multifactor authentication and trained hundreds of team members in cybersecurity and anti-money laundering, actions that help keep our Community, their data and their money safer than ever before.

This annual ESG Report provides a framework that ensures accountability and transparency. But the report is also a reminder of how far we’ve come and how committed we are to setting our cooperative up for success in a changing world, while empowering our Community to thrive.

Read the full report at cap.coop/ESG