AGL Energy announced today that it has formally adopted three commitments of the We Mean Business Coalition.
The ‘We Mean Business Coalition.’ is a CDP (Carbon Disclosure Project) led initiative works with businesses that recognise the transition to a low carbon economy is the only way to secure sustainable economic growth and prosperity for all.
AGL has adopted the following commitments:
- Responsible corporate engagement on climate policy
- Reporting climate change information in mainstream corporate reports as a fiduciary duty
- Aligning with the UN Global Compact’s Business Leadership Criteria on Carbon Pricing.
In addition, AGL will continue to engage with its stakeholders to demonstrate that its business activities are consistent with a 20C carbon constrained future. The 2016 AGL Sustainability Report will contain further detailed scenario analysis showing that AGL’s GHG Policy and other initiatives have placed AGL on a pathway to achieving an emissions profile consistent with such a future.
AGL is also joining other organisations to support our countries’ leaders as they head to the United Nations Conference of Parties (COP21) in Paris in December 2015. There, they will seek to negotiate a meaningful global agreement that sets the pathway for a decarbonised future.
This is not without its challenges, for AGL, the industry and our communities. AGL provides an essential service in the form of energy to millions of Australians, of which 88 percent is currently produced through the use of fossil fuels.
More information is available in the ASX Release