Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Approvals
• Economic Development
• Cultural Heritage

Climate Goals & Targets

Environmental Challenges

• Lengthy and complex environmental approvals processes at both State and Federal levels.
• Regulatory creep, onerous consultation requirements, and resourcing constraints within regulatory agencies.
• Uncertainty and delays due to Federal Government's 'Nature Positive' agenda and EPBC Act reforms.
• Federal Court decisions impacting consultation requirements (NOPSEMA case).
• Increasing environmental activism and litigation.
• Lack of coordination between State and Federal regulatory agencies.
• Delays in securing land access and tenure.
• Inadequate resourcing and skills within WA's EPA.
• Consultation fatigue among Traditional Owners.

Mitigation Strategies

• Recommendations for Federal and State Government reforms to streamline approvals processes.
• Advocating for a balanced approach that considers economic development alongside environmental protection.
• Suggesting a risk-based approach to regulation.
• Calling for improved resourcing and accountability of regulatory agencies.
• Recommending legislative review and reform to address barriers to timely approvals.
• Suggesting a Statement of Expectations for approval agencies.
• Proposing limits on the abuse of third-party appeal processes.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental, Social, and Governance (ESG)

Environmental Achievements

• Austral Fisheries became the first seafood business in the world to be certified as carbon neutral under the Australian Government Carbon Neutral Program.
• Steel Blue achieved Scope 3 Climate Active certification for its Australian operations, meaning it has achieved net zero emissions across its entire value chain.

Social Achievements

• Crystal Printing Solutions is pushing for more Indigenous engagement in its staffing and through partnerships with Indigenous businesses.
• WA Government launched a new social procurement framework targeting gender equality and increased purchasing from disability enterprises, Aboriginal businesses, and regional SMEs.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to global issues and industrial actions at Australian ports.
• Rising diesel costs impacting freight costs and mining profits.
• Tight labour market and staff turnover impacting construction projects.

Mitigation Strategies

• Companies are exploring alternative sourcing strategies and chartering their own ships.
• Mining companies are investing in renewable energy solutions and hydrogen power.
• Government support for low-emissions technology is being sought.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Fortescue Metals Group's Sustainable Procurement Standard.
• Wesfarmers' mandatory audit program for ethical sourcing.
• Laing O'Rourke's sustainability-focused procurement strategy.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting supply chains.

Transition Risks

• Regulatory changes and market shifts impacting traditional industries.

Opportunities

• Development of low-emissions technologies and renewable energy projects.

Reporting Standards

Frameworks Used: Australian Government Carbon Neutral Program, Climate Active program

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Talga Resources' battery anode and graphene additives.
• Altech Chemicals' high-purity alumina for lithium-ion batteries.

Awards & Recognition

• Not disclosed