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OUR ENVIRONMENT                                                                                      Greenhouse Gas Emissions




                                                                                                                           Target 1 – electricity emissions
                                                                                                               4
         Under the Toitū carbonzero programme we set ourselves three targets to                                2
         reduce our emissions from our initial year of 2021. Below are details of the                          0
         three targets and how we are progressing against them. All three targets are                         -2
                                                                                                            Percentage  -6
         intensity-based, relative to our number of clicks ¹  and revenue.                                    -4
                                                     ( )
                                                                                                              -8
                                                                                                             -10
                                                                                                             -12
                                                                                                             -14
               1    By 31 March 2026, we will have reduced our                                               -16  2021    2022    2023    2024     2025    2026
                    purchased electricity emissions by 15%.
                                                                                                                                      Year
               2    By 31 March 2026, we will have reduced our                                                 4              Target 2 – fuel emissions
                    purchased fuel emissions by 15%.
                                                                                                               0
               3    By 31 March 2026, we will have reduced our                                                -4
                    scope 1 & 2 ²  emissions by 15%.
                              ( )
                                                                                                              -8
                                                                                                            Percentage  -12
                                                                                                             -16
                                                                                                             -20
                                                                                                             -24
         ( ) ¹  ‘Clicks’ are a printing term that refers to the number of individual pages of paper printed in a   -28
         given period.                                                                                       -32
                                                                                                             -36
         ²  Scope 1 & 2 emissions are emissions from directly purchased refrigerants, petrol and electricity.
         ( )                                                                                                      2021    2022    2023    2024     2025    2026
                                                                                                                                       Year
                                                                                                                           Target 3 – Scope 1 & 2 emissions
                                                                                                               4
                                                                                                               2
                                                                                                              0
                                                                                                              -2
                                                                                                            Percentage  -6
                                                                                                              -4
                                                                                                              -8
                                                                                                             -10
                                                                                                             -12
                                                                                                             -14
                                                                                                             -16
                                                                                                                  2021   2022     2023    2024     2025    2026
                                                                                                                                      Year
                                                                                                                         Target       Clicks      Revenue      07
   3   4   5   6   7   8   9   10   11   12   13