Glossary
A 12-month average of capital invested; capital invested is calculated as net assets before tax balances, cash, borrowings and lease liabilities, but after adjustment for pension plan actuarial gains or losses and net equity adjustments for equity-settled share-based payments
Brambles Limited shares purchased by Brambles' employees under MyShare
Results translated into US dollars at the applicable actual monthly exchange rates ruling in each period.
Results for hyperinflationary economies are translated to US dollars at the period end FX rates
Annual General Meeting
A general statement of intent that describes what Brambles ultimately wants to achieve.
Aims are broader than targets and may not always be tied to specific metrics or deadlines
A bold and aspirational goal that pushes Brambles beyond its current capabilities.
Ambitions are designed to inspire innovation and exceptional performance, often representing long-term vision or transformative change.
For example, 2040 net-zero ambition
Australian cents
Safety performance indicator that measures the combined number of fatalities, lost-time injuries, modified duties and medical treatments per million hours worked
Brambles Industries Limited, which was one of the two listed entities in the previous dual-listed companies structure
Carbon that is sequestered from the atmosphere during biomass growth and may be released back to the atmosphere later due to combustion of the biomass or decomposition
Brambles Industries plc, which was one of the two listed entities in the previous dual-listed companies structure
The Board of Directors of Brambles Limited, details of which are on pages 46 to 49
The annualised percentage at which a measure (e.g. sales revenue) would have grown over a period if it grew at a steady rate
Carbon neutrality is achieved when the amount of CO2-e emitted into the atmosphere during the period has either been removed or mitigated (which means offsetting remaining emissions through activities like reforestation or investing in renewable energy projects)
A non-statutory measure of cash flow generated from operations after net capital expenditure but excluding Significant Items that are outside the ordinary course of business and discontinued operations
The Australian Securities Exchange Corporate Governance Council Corporate Governance Principles & Recommendations, Fourth Edition
A circular economy regenerates and circulates key resources, ensuring products, components and materials are at their highest utility and value at all times
Chain-of-Custody certification is the process by which certified forest products are verified as coming from certified forests.
To become Chain-of-Custody certified, organisations must meet minimum requirements in product traceability, storage and handling, invoicing, record keeping and in respect to human and social rights, and have an on-site audit by an accredited third-party verifier
Brambles Limited (ACN 118 896 021)
Current period results (excluding hyperinflationary economies) translated into US dollars at the actual monthly exchange rates applicable in the comparable period, so as to show relative performance between the two periods.
Results for hyperinflationary economies are not retranslated and remain at their reported period-end exchange rates
Continuing operations refers to CHEP Americas, CHEP EMEA and CHEP Asia-Pacific (each primarily comprising pallet and container pooling businesses in those regions operating under the CHEP brand), and Corporate (corporate centre including Shaping Our Future and share of results of associates)
Additional track-and-trace capability on a random sample to continuously map the network and fill the data gaps from serialisation
Chief Operations Officer
Software tool for managing relationships and interactions with customers and potential customers
Chief Sustainability Officer
Corporate Sustainability Reporting Directive
Decarbonisation is the process of reducing and eliminating carbon dioxide and other GHG emissions, primarily from the atmosphere, by transitioning away from fossil fuels.
This involves transitioning to cleaner energy sources like renewables, improving energy efficiency, and employing technologies like carbon capture and storage, where applicable
A customer measurement of delivery performance within a supply chain
Dependencies, impacts, risks and opportunities
Operations which have been divested/demerged, or which are held for sale
The Brambles Dividend Reinvestment Plan, under which Australian and New Zealand shareholders can elect to apply some or all of their dividends to the purchase of shares in Brambles Limited instead of receiving cash
Each EAC represents proof that 1 MWh of renewable energy has been produced and added to the grid
Underlying Profit from continuing operations after adding back depreciation, amortisation and IPEP expense
A measure of the broader financial benefit provided by an organisation
Brambles’ Executive Leadership Team, details of which are on pages 51 to 55
Scope 1: direct emissions from owned or controlled sources. Scope 2: indirect emissions from the generation of purchased energy. There are two methods used to calculate Scope 2 emissions: a) Market-based: Reflects emissions from electricity that companies have purposefully chosen (or their lack of choice). It derives emission factors from contractual instruments, which include any type of contract between two parties for the sale and purchase of energy bundled with attributes about the energy generation, or for unbundled attribute claims. b) Location-based: Calculated using the average emissions intensity of grids on which energy consumption occurs (using mostly grid-average emission factor data). Scope 3: all indirect emissions (not included in Scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions Source: https://ghgprotocol.org/
An emission factor is a coefficient that describes the rate at which a given activity releases greenhouse gases (GHG) into the atmosphere
Profit after finance costs, tax, minority interests and Significant Items, divided by the weighted average number of shares on issue during the period
Environmental, social and governance
European Sustainability Reporting Standards
Cash flow generated after net capital expenditure, finance costs and tax, but excluding the net cost of acquisitions and proceeds from business disposals
Forest Stewardship Council®
Brambles’ financial year is 1 July to 30 June; FY25 indicates the financial year ended 30 June 2025
Greenhouse gas
Brambles Limited and all of its related bodies corporate
Reflects the amount by which Underlying Profit growth exceeds sales revenue growth
Palletised containers used for the transport and storage of bulk products in a variety of industries, including the food, chemical, pharmaceutical and transportation industries
International Financial Reporting Standards
Provision held by Brambles to account for pooling equipment that cannot be economically recovered and for which there is no reasonable expectation of receiving compensation
International Sustainability Standards Board
Members of the Board of Brambles Limited and Brambles’ Executive Leadership Team
Key Performance Indicator(s)
Life cycle assessments are used to calculate and compare the environmental impacts of a Brambles pooled product to an alternative platform including single-use or pooled equipment
Brambles considers its business model to be low-carbon intensive relative to single-use alternatives.
This is supported by independent peer reviewed Life Cycle Assessments performed by acknowledged experts
Long-Term Incentive
Lost Time Injury/Actual Exposure Hours X 1,000,000 Exposure Hours
Matching share rights over Brambles Limited shares allocated to employees when they purchase Acquired Shares under MyShare; when an employee’s Matching Awards vest, Matching Shares are allocated
Shares allocated to employees who have held Acquired Shares under MyShare for two years, and who remain employed at the end of that two-year period; one Matching Share is allocated for every Acquired Share held
The Brambles Limited MyShare plan, an all-employee share plan, under which employees acquire ordinary shares by means of deductions from their after-tax pay and must hold those shares for a two-year period.
If an employee holds those shares and remains employed at the end of the two-year period, Brambles will match the number of shares that employee holds by issuing or transferring to them the same number of shares they held for the qualifying period, at no additional cost to the employee
Represents cash outflows for the acquisition of property, plant, and equipment (PPE) and intangible assets, offset by cash inflows from the disposal of PPE
Net-zero refers to achieving an overall balance between greenhouse gas emissions produced and greenhouse gas emissions taken out of the atmosphere.
Measure used to gauge customer experience and satisfaction
Statutory definition of profit before finance costs and tax; sometimes called EBIT (earnings before interest and tax)
Programme for the Endorsement of Forest Certification
A two-to-three-year period over which the achievement of performance conditions is assessed to determine whether STI and LTI share awards will vest
The Brambles Limited Performance Share Plan (as amended)
Profit after finance costs, tax, minority interests and Significant Items
RCPs are GHG concentration trajectories used to show different climate futures that are possible based on the amount of GHG emitted in coming years
Underlying Profit divided by Average Capital Invested
Reusable/returnable plastic/produce container/crate, generally used for shipment and display of fresh produce items
Sustainability Accounting Standards Board
Targets that provide a clearly defined pathway for companies and financial institutions to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth
Initiative that drives ambitious climate action in the private sector by enabling organisations to set science-based emissions reduction targets
United Nations Sustainable Development Goals
An economic system in which assets or services are shared between different agents, either free or for a fee
Items of income or expense which are, either individually or in aggregate, material to Brambles or to the relevant business segment and: outside the ordinary course of business (e.g. gains or losses on the sale or termination of operations, the cost of significant reorganisations or restructuring); or part of the ordinary activities of the business but unusual because of their size and nature
Shared Socioeconomic Pathways are climate change scenarios of projected global socioeconomic changes up to 2100 as defined in the IPCC Sixth Assessment Report on climate change in 2021. They are used to derive greenhouse gas emissions scenarios with different climate policies. The SSPs provide narratives describing alternative socioeconomic developments. These storylines are a qualitative description of logic relating elements of the narratives to each other. In terms of quantitative elements, they provide data accompanying the scenarios on national population, urbanisation and GDP (per capita). The SSPs can be quantified with various Integrated Assessment Models (IAMs) to explore possible future pathways both with regards to socioeconomic and climate pathways
Short-Term Incentive
Timber sourced from forests that are managed under the globally recognised standards of the Forest Stewardship Council® (FSC®) (FSC®–N004324) or the Programme for the Endorsement of Forest Certification (PEFC) (PEFC/01-44-79)
A specific, measurable climate-related objective that Brambles sets and creates a plan to achieve within a defined timeframe.
For example, 2030 SBT GHG emissions targets.
Inject specific asset pools with a sample of full track-and-trace devices to deliver targeted solutions for us and customers
A framework to help organisations disclose climate-related risks and opportunities
A framework to help organisations disclose nature-related risks and opportunities
Measures the returns that a company has provided for its shareholders, reflecting share price movements and reinvestment of dividends over a specified performance period
Profit after finance costs, tax and minority interests but before Significant Items, divided by the weighted average number of shares on issue during the period
Profit from continuing operations before finance costs, hyperinflation adjustments, tax and Significant Items
The unification of the dual-listed companies structure (between Brambles Industries Limited and Brambles Industries plc) under a new single Australian holding company, Brambles Limited, which took place in December 2006
Voluntary carbon offset credits are transferable instruments certified by an independent certification body to represent an emission reduction of one metric tonne of CO2
Brambles’ 2025 financial year
Zero Waste World