The impacts of climate change are increasingly being felt around the world: weather patterns, regulations and laws and people’s expectations are all changing. We’re working to avoid and manage climate change risks, and we’re committed to the effort to reduce carbon emissions to avoid our shared earth warming, as agreed to by nations participating in the Paris Agreement of 2015.
Read more about our approach to climate change in our Sustainable Development Report.
Our approach to climate change is focused on three pillars:
1. Emission reduction – We must all work to reduce the amount of carbon released to the atmosphere if we are to avoid the worst impacts of climate change.
2. Climate change opportunity – We aim to make a difference by developing natural resources, improving people’s lives now and for generations to come. To ensure the commodities we produce remain in demand in a world limited to 2 degrees or less of global warming. In response, we:
3. Climate resilience – To work toward climate resilience for our host communities and operations, we need to understand and respond to the physical impacts of climate change, including changed weather and temperature. We will:
We believe that carbon pricing is an effective mechanism to support global emission reduction. We support carbon pricing that is globally competitive and broad-based, covering all industry sectors and all possible emission sources. We would like to see the revenue raised from carbon pricing used to support the transition to a low carbon future.
Every year we complete a global carbon price forecast, and we apply a regionally specific price on carbon in our valuations, planning and capital expenditure decisions. This ensures that over time we are prepared for carbon pricing and can make decisions today that lower our emission profile long-term.
We're extracting methane from Illawarra Coal, and it's being used to generate electricity.Read more
A series of projects aimed at reducing the consumption of fossil fuels has helped us reduce emissions.Read more