Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environmental Impacts (Energy, Emissions, Compliance)
• Employee Retention
• Economic Impacts
• Social Impact of the Business
• Anti-Corruption
• Compliance
• Stakeholder Engagement
• Climate Change

Environmental Achievements

• Implemented energy, waste, and water efficiency initiatives
• Increased recycling efforts to reduce landfill
• SA Power Networks achieved 99.97% network availability
• Powercor’s 99.97% network availability
• CitiPower operates with a reliability rating of 100%

Social Achievements

• Launched an “Early Treatment and Wellness” program at SA Power Networks
• SA Power Networks awarded the ‘Australian Apprenticeships Employer Award’
• Victoria Power Networks launched Cintellate: a new HSE reporting and management system
• Victoria Power Networks launched Prostmate, a program offering male employees a free prostate-specific antigen blood test and skin check
• 100% of male and female employees at TransGrid who took parental leave returned to work

Governance Achievements

• Strong governance, integrity and high ethical standards enforced through a Code of Conduct
• Robust risk management systems in place to monitor and manage financial exposure to climate change
• 100% of SA Power Networks’ operations are assessed for risks related to corruption
• 100% of Victoria Power Networks’ operations are assessed for risks related to fraud and corruption

Climate Goals & Targets

Environmental Challenges

• Regulatory uncertainty and industry change
• Potential financial risks related to extreme weather events
• Potential negative impacts on local communities from operations
• Managing HSE compliance obligations

Mitigation Strategies

• Active engagement with key regulators and industry bodies
• Close monitoring of potential exposure to extreme weather risks
• Community engagement and environmental considerations for new depots, substations and power lines
• Implementation of Cintellate HSE reporting and management system
• Project Switch to reduce switching incidents

Supply Chain Management

Supplier Audits: 100% of new suppliers with potential spend exceeding $250,000 (Victoria Power Networks)

Responsible Procurement

• Environmental criteria for new suppliers
• Specific additional criteria for high-risk products and services
• 49% of SA Power Networks’ external supplier spend was with local, South Australian suppliers
• 98% of Victoria Power Networks’ spending on local suppliers
• 99.4% of TransGrid’s total procurement discretionary budget spent on local suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes

Opportunities

• Transition to renewable energy

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines (Core option)

Certifications: ISO 14001 (SA Power Networks), AS/NZS 4801 (Victoria Power Networks)

Awards & Recognition

• 2017 Australian Government Training Awards (SA Power Networks)

Environmental Metrics

ESG Focus Areas

• Environmental impacts
• Health and safety
• Economic impacts
• Talent development and retention
• Social impact of the business

Environmental Achievements

• Acquired a 100% interest in the Bomen Solar Farm project

Social Achievements

• Community investments totaling $5,526,600 across its investee companies

Governance Achievements

• No confirmed incidents of corruption

Climate Goals & Targets

Environmental Challenges

• Climate-related risks and opportunities
• Greenhouse gas emissions

Mitigation Strategies

• Risk-based approach to climate change
• Mitigating greenhouse gas (GHG) emissions

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: core option

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resource Management
• Environmental Protection
• Corporate Governance
• Health, Safety and Wellbeing
• People
• Customers and Community
• Financial Management
• Risk Management
• Renewable energy

Environmental Achievements

• Bomen Solar Farm commenced commercial operations in late June 2020, generating 105 GWh of clean energy and displacing 85,160 tonnes of CO2e.
• Completed Bomen Solar Farm on time and under budget.
• Established a $1 million fund over 10 years to invest in youth support programs and environmental projects in Wagga Wagga.
• Implemented revegetation program to enhance habitat for endangered parrots near Bomen Solar Farm.

Social Achievements

• Invested $1.4 million in community programs and engagement.
• 21% women to men ratio employed across all levels.
• 1% gender pay gap.
• 2.3 LTIFR for employees and contractors.
• Increased number of female and Indigenous apprentices.

Governance Achievements

• Ms Anne Brennan joined the Spark Infrastructure Board, enhancing gender diversity.
• 0 legal actions or Board policy breaches.
• Strong corporate governance and comprehensive risk management frameworks implemented.

Climate Goals & Targets

Environmental Challenges

• Bushfires and COVID-19 pandemic.
• Reduced revenues from economic factors and regulatory changes.
• Continued uptake of rooftop solar photovoltaics, residential batteries and electric vehicles.
• Need to refresh ageing asset base.
• Increasing impacts of climate change on assets and operations.

Mitigation Strategies

• Network Relief Package implemented to lessen impacts on customers.
• SA Power Networks’ 2021–2025 Strategic Plan addresses challenges and opportunities.
• Investing in transitioning to clean energy sources and adapting to physical impacts of climate change.
• Enhanced safety when working on elevated work platforms.
• Installing Rapid Earth Fault Current Limiters (REFCLs) to reduce bushfire risk.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Focus on local employment and supporting local businesses during Bomen Solar Farm construction.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, bushfires, storms

Transition Risks

• Reduced revenues from economic factors and regulatory changes.
• Increased penetration of solar photovoltaics and batteries.
• Increased distributed energy resources.

Opportunities

• Investment in renewables.
• Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 13 (Climate action)

Initiatives contribute to these goals through investment in renewable energy, innovation in energy networks, and mitigation of climate change impacts.

Sustainable Products & Innovation

• Bomen Solar Farm uses bifacial modular solar panels.

Awards & Recognition

• SA Power Networks’ apprenticeship program recognised as a finalist in the Australian Apprenticeship Employer Awards.
• SA Power Networks earned the 2020 Industry Innovation Award and the Best Use of Technology Award.