SEEK continues to assess its climate resilience through quantitative and qualitative scenario analysis. SEEK’s current understanding of its resilience to climate-related changes and impacts is assessed as low risk. Climate risks and opportunities are assessed annually.

SEEK’s Climate Change Strategy has two main objectives:

SEEK is already being impacted by extreme weather events such as extreme rainfall and flooding, fires, heatwaves and drought, thunderstorms and cyclones. In the future, all SEEK’s operating regions will be exposed to increases in the severity of physical climate hazards. In particular, Australia is exposed to increases in extreme heat and fire and Asia is exposed to extreme rain.

Potential impacts to SEEK include operational impacts such as the disruption of key IT and data services, temporary office closures, property damage to offices and increased leasing costs, insurance premiums or running costs. Potential workforce impacts include reduced productivity, danger to worker health and safety due to exposure to heat, poor air quality or severe weather, employees being unable to commute or facing delayed or disrupted commutes and work-from-home site damage. SEEK continues to evaluate its operational resilience to such hazards for projected increases in physical climate exposures (such as extreme heat).

Indonesia, Malaysia, Thailand, Singapore, the Philippines and Australia are the highest exposed countries for SEEK’s transition risks and opportunities. Potential operational and workforce risks to SEEK include: increased costs for office electricity and office spaces; increased cost of data centres and cloud services; and increased cost to work-from-home employees.

Transition opportunities exist from increased market investment in renewables, potentially decreasing SEEK’s scope 2 emissions and reducing costs for renewable energy certificates to meet SEEK’s renewable energy target. SEEK is also currently exploring the opportunity of the market transition to greener employment marketplaces (i.e. the green jobs transition).

SEEK monitors its environmental impact including its greenhouse gas emissions profile across its business operations and regions. SEEK’s main emissions sources are: employees working from home and commuting; leased offices; purchased goods and services (including IT data services); and business travel. SEEK measures its emissions against the Greenhouse Gas Protocol categories: scope 1 and 2 operational emissions and scope 3 indirect emissions from across SEEK’s supply chain.

Image: ZEN Energy wind farm regional Victoria (Mortons Lane Wind Farm)

SEEK’s Emissions Reduction Strategy focuses on three key themes and establishes SEEK’s pathway to achieving its net zero commitment.

SEEK’s target is to achieve net zero emissions across the full scope of carbon emissions by 2030. We are also committed to a SEEK-wide 40% emissions reduction target across all scopes by 2025 (on a 2022 baseline).

SEEK is also certified carbon neutral for its business operations in Australia and New Zealand, Asia and Latin America in 2022-23. For more information, refer to SEEK’s Climate Active Public Disclosure Statement.