Climate Change Data

Environmental Metrics

ESG Focus Areas

• Greenhouse gas emissions
• Occupational health and safety
• Community relations
• Environmental protection

Environmental Achievements

• Successfully fulfilled reporting requirements under the National Greenhouse & Energy Reporting Act 2007 (NGER)
• Undertook comprehensive environmental assessments before wind farm development
• Implemented erosion prevention and land rehabilitation at Capital wind farm, including planting 3,000 trees

Social Achievements

• Major sponsor of the 2010 Weereewa Festival and 2010 Beachport Festival by the Sea
• Provided employment opportunities in regional communities
• Actively supports local communities, schools and sporting organisations through sponsorship and employee participation

Governance Achievements

• Participation in the Carbon Disclosure Project (CDP) since 2008
• Wind Safety Executive Committee regularly updates on safety performance

Climate Goals & Targets

Environmental Challenges

• Erosion at parts of Capital wind farm

Mitigation Strategies

• Worked with contractors to prevent further erosion and developed plans to repair the landscape, including planting 3,000 trees

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NGER

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced energy consumption in offices due to replacing lights with LED lights and installing sensors in meeting rooms (-9 tCO2e).
• Higher electricity generation (65,000 MWh) means that less electricity is drawn from the grid resulting in lower scope 2 emissions in Australia (-136 tCO2e).

Social Achievements

• Employee recognition program, 'MegaWhat!', to reward individuals who make innovative contributions in the workplace, including climate change initiatives.

Governance Achievements

• Chief Financial Officer and Managing Director share the sponsorship of the Safety & Sustainability Committee.
• Incentives provided for the management of climate change issues for all employees (monetary and non-monetary).

Climate Goals & Targets

Environmental Challenges

• Federal Government's review of the Renewable Energy Target (RET) scheme affecting revenue.
• Onerous planning restrictions increasing development and operational costs and delaying planning decisions.
• Tropical cyclones causing damage to assets and higher operating costs.
• Increased frequency of bushfires and floods causing damage to assets and transmission networks.
• Changes in wind patterns and solar exposure affecting production capacity.

Mitigation Strategies

• Lobbying for a favourable regulatory outcome through the Clean Energy Council (CEC).
• Sponsoring campaigns raising awareness and rallying public support for the policy.
• Government Affairs Manager proactively engages with regulators and legislators.
• Comprehensive crisis management framework incorporating disaster recovery plans and business continuity plans.
• Relevant insurance policies.
• 24/7 Operations Control Centre.
• Independent research to understand the potential impact of climate change on long-term mean wind speeds.
• Monitoring the external environment and the impacts of the physical risks of climate change.
• Third party production hedges to mitigate low wind conditions.

Supply Chain Management

Responsible Procurement

• Sourcing materials and services from local suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Tropical cyclones
• Change in precipitation extremes and droughts
• Induced changes in natural resources

Transition Risks

• Changes in regulation
• Renewable energy regulation
• General environmental regulations

Opportunities

• Cap and trade schemes
• General environmental regulations
• Other regulatory drivers
• Change in temperature extremes
• Change in precipitation extremes and droughts
• Reputation
• Changing consumer behaviour
• Increasing humanitarian demands

Reporting Standards

Frameworks Used: GRI, CDP

Environmental Metrics

ESG Focus Areas

• Community Engagement
• Sustainability

Social Achievements

• Community Sponsorship Fund offering grants of $5,000 and $10,000 to local groups

Climate Goals & Targets

Environmental Challenges

• Potential impacts to regular forest activities, local amenity, property value, local flora and fauna, traffic and transport

Mitigation Strategies

• Continued community engagement to address concerns and refine project design

Supply Chain Management

Climate-Related Risks & Opportunities