Since setting our climate targets we have also pursued our growth ambitions, and in October 2024 we entered into a binding agreement to acquire TPG’s enterprise, government and wholesale fixed business and fibre network assets. This transaction will double the size of our business, and is expected to complete this calendar year (subject to regulatory approvals), ahead of our current net zero (scope 1+2) target date. While this represents enormous opportunities for our business, it will materially change the scope of our operations, and therefore our carbon emissions footprint and boundary, meaning we will no longer be in a position to achieve our stated targets. Moving forward, our immediate focus will be on integrating our new assets, so that we can re-baseline and reset our climate targets for the merged entity in accordance with best practice guidance outlined within the Greenhouse Gas (GHG) Protocol and SBTi standards.

At Vocus, we strive to operate in a manner that minimises our environmental impacts. Accordingly, at a minimum we:

• comply with relevant statutory and regulatory environmental requirements;
• monitor and report against our environmental performance, objectives and targets and work to maintain and continually improve our environmental standards;
• ensure that environmental care is considered of equal importance to every other facet of our business' management and operations;
• are committed to returning sites to a state compatible with a healthy environment; and
• will continue to promote individual commitment to safe and environmentally responsible behaviour through the training and education of, and dissemination of information to, all relevant Vocus team members.