Emissions quantification

RFM quantified RFF’s FY23 Scope 1 and Scope 2 emissions in accordance with the Australian National Greenhouse Gas Inventory (NGGI) method.
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As an agricultural real estate investment trust, most of RFF’s assets are subject to triple-net leases. RFM does not have operational control over these types of assets and the emissions are the responsibility of lessees. Therefore, the emissions quantified are for properties for which RFF receives the operating proceeds.^1
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As assets are usually operated by RFF during their initial development phase, the pool of operated assets are likely to change year-to-year. However, quantification enables RFM to better understand the emission profiles across invested agricultural sectors and better incorporate emission considerations into management decisions.
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Quantification and potential reduction strategies were presented to RFM’s senior management team. Emissions were primarily generated by methane from cattle, and fuel and fertiliser from cropping. Activities which seek to address these emissions include:
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• Herd management practices to improve livestock feed utilisation and breeding efficiency to improve weight gains and reduce methane emissions per kilogram produced.
• Establishment of deep-rooted perennial pastures with a mix of legumes which improves weight gains and reduces enteric fermentation emissions.
• Installation of solar energy where feasible.
• Precision agricultural management to promote informed decisions about land use and management, such as fertiliser application.
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Image: Video equipped drone used to locate cattle as part of muster process, Cerberus, central Queensland, May 2023.