Our strategic climate change objective is to implement balanced and effective climate change responses which deliver growth in shareholder value. To achieve this, our climate change strategy considers four key areas:
Research and development
- Contribute to, and participate in, climate change research
- Work collaboratively with industry to research new technologies
- Provide industry leadership in the development of clean coal technologies
Climate adaptation
- Assess the climate change potential
- Identify the climate adaptation risk on existing or proposed assets
- Identify our portfolio’s risk mitigation measures
- Implement mitigation measures associated with high risk climate adaptation risks
Policy and regulation
- Work with shareholders and industry associations to develop climate change policy positions and practical legislative outcomes
- Incorporate regulatory (carbon) mechanisms into business processes
Generation investment
- Maintain and improve the carbon efficiency of existing generation portfolio
- Modify or adapt existing portfolio to withstand changes to climate
- Grow our generation portfolio