Sustainability
We are committed to managing the environmental, social and governance aspects of our operations, to help drive a sustainable future for our business, our customers and the community.
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Offsetting our Carbon Emissions
We currently invest in REDD+ projects such as Rimba Raya Biodiversity Reserve Project, to offset our carbon emissions.
We plan to develop science-based emission reduction targets to decarbonise our operations.
Reducing our Impact
At Tyro we are working to reduce our impact on the environment through initiatives such as:
– Reducing electricity consumption in our office buildings
– Educate and encourage our people to improve waste management practices in the office to reduce landfill
– Assess our greenhouse gas emissions and identify ongoing ways to reduce these
– Collaborate with suppliers to discuss ways to reduce carbon in our supply chain
– Work with merchants to help support them reduce their impact on the environment, for example the option for customers to select digital receipts and reduce paper consumption
– With flexible working, educate and encourage our people to be sustainable when working from home
Waste Management
In our Sydney head office, we recycle disposable coffee cups and used bathroom towels, which is collected by Mates on the Move and re-engineered into Processed Engineered Fuel. Mates on the Move is a social enterprise providing employment, training, work experience and practical help to people who have been incarcerated.
Our Sydney Head Office
Our head office in Sydney at 55 Market Street has a National Australian Built Environment Rating System (NABERS) energy rating of 5-stars and a NABERS water rating of 4-stars. We actively identify energy-saving opportunities including the following initiatives:
– All monitors are switched off when not used
– Smart lighting that automatically switches off lighting when no movement is detected
– Use of LED energy saving lighting technology
– Use of smart elevator technology with a destination control system that optimises lift trips, reducing the amount of energy required to move groups of people through the building
– An advanced Building Management and Control System was also implemented in the refurbishment that enables building management to tune and optimise the building for sustainability and occupant comfort
– Smart printing technology.
We currently provide end-of-trip facilities, including secure bike parking, showers, and well-equipped changing rooms to all employees to better support environmentally friendly modes of commuting.
We are also investigating the procurement of electricity for our head office from renewable energy sources, to reduce our emissions inventory from electricity consumption.
With our hybrid working policy allowing employees to work from home 2-3 days per week, we provide our people with education and customised training about ways to save energy in the home.
Where possible, we are consciously sourcing carbon efficient options for corporate travel for any team members who travel as part of their role.
Our Suppliers
At Tyro, we seek to incorporate sustainability into all areas of our business, including our supply chain. Our ability to deliver our payments and banking offering relies on the performance and availability of our technology and communication systems and those of our suppliers.
Although we expect each of our suppliers to define their own sustainability measures, Tyro recognises and understands the importance of the Modern Slavery Act and is committed to reviewing and assessing the risks of modern slavery in our operations and supply chain.
We are also starting to work with some of our key suppliers to understand their approach to climate change, reducing greenhouse gas (GHG) emissions, representing social diversity and inclusion, and how this might align with our approach and impact our business.
Environmental Targets
We recognise the importance to make commitments with regards to climate action. In setting the targets below, we have considered what is most material to our business and where we can make a positive impact.
We plan to develop science-based emission reduction targets in the future, to help track our progress towards reducing our greenhouse gas emissions. We will continue to report our progress along our sustainability journey.
With the introduction of the Australian Sustainability Reporting Standard (ASRS), we have conducted a gap analysis against the new requirements, and are in the process of uplifting our reporting, including climate-related disclosures.
Tyro’s Annual Report 2024 outlines our most recent sustainability reporting.
Supporting our merchants to be more sustainable
We have a partnership with Greener for Business, the online sustainability platform design to assist small and medium businesses to reduce their greenhouse gas emissions and save money.
The platform provides a step-by-step climate action plan and a range of exclusive offers on energy, waste, transport, packaging and more.
Through our partnership, we provide our customers complimentary access to the Greener platform.
Supporting our community to fundraise
We are passionate about supporting charity organisations as they do some of the most important work in our community.
As our society moves away from cash and into contactless payments, we have leaned into our strengths to provide Not-for-profit organisations with access to a free Tyro Go device, discounted Tyro Pro terminal, and discounted merchant service fees.
To access Tyro’s Not-for-profit offering, click here
Our Customers and the Community – Jeans for Genes
We are very proud of our partnership with the Children’s Medical Research Institute. Since 2021 Tyro has provided the fleet of eftpos terminals to enable contactless payments for Jeans for Genes Day to sell fundraising merchandise and take one-off donations.
Our Customers and the Community – Volunteering
Volunteering leave is extended to all employees, to support community organisations with extra resources to help in their important work. These experiences also offer our people a valuable opportunity to fulfil a sense of purpose and connection with a diverse range of people in our community.
Tyro and the community
Find out more about our partnerships.
Greener for Business
Simple step-by-step climate action plans and exclusive offers
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