ORIGIN ENERGY – JOINED MARCH 2018
SUSTAINABILITY
74
“ SBT aims to be standard business practice by 2020 , playing a major role in reducing GHG emissions ”
— Mark Hunter , Mark Hunter , CEO , Molson Coors
ORIGIN ENERGY – JOINED MARCH 2018
Origin Energy , an Australian company with a generation fleet of 7,000MW , operates across power generation , energy retailing , natural gas , exploration and production .
The company acknowledges its responsibility and opportunity – being a leading energy company in Australia – to deliver climate action . By 2032 , it has committed to reduce its Scope 1 and Scope 2 emissions by 50 % and its Scope 3 by 25 %.
To achieve this , Origin Energy plans to exit coal fired power generation by 2032 , take advantage of its naturally aging plants and use sustainable alternatives , significantly grow its renewables and utilise gas as a lower emission alternative in the medium term .
“ We firmly believe decarbonising our business is not only the right thing to do by our stakeholders and the planet , it also presents opportunities to create value , and Origin is well positioned on this journey having prepared for a low carbon future for many years ,” says Origin Energy CEO , Frank Calabria .
OCTOBER 2019