Working at AGL in the greenhouse and energy reporting space and more broadly in sustainability, I have found it very encouraging to see AGL's focus turn towards a carbon constrained future. At AGL we are committed to structuring our activities and operating our generation portfolio in a manner consistent with the Commonwealth Government’s commitment to a global agreement to limit global warming to less than 2°C above pre-industrial levels. Achieving the ‘2 degree’ outcome will require transition to a decarbonised generation sector.
Our approach to greenhouse gas emissions and climate change (greenhouse and energy) is documented within the AGL Greenhouse Gas Policy. The Policy acknowledges that Australia is moving to a carbon-constrained future, and provides a framework within which we will structure our greenhouse gas reduction activities. It also presents a pathway for the gradual decarbonisation of our generation portfolio by 2050.
AGL is Australia's largest scope 1 (direct) greenhouse gas emitting business. In FY17 we emitted 44 MtCO2e from our operated facilities, with an average carbon intensity of 0.98 tCO2e/MWh from our operational generation portfolio.
We use three approaches (or ‘footprints’) to measure and communicate our greenhouse gas emissions. These greenhouse footprints are available in our data centre, published as part of our Sustainability Report, and provide a complete account of the annual greenhouse gas impacts from our business:
- The operational greenhouse gas footprint covers the emissions from activities and assets that we operate.
- The equity greenhouse gas footprint sets out our share (by percentage of investment level) of the emissions from fully or partly owned assets, regardless of who operates the asset. The Equity Footprint indicates to our shareholders the greenhouse gas impacts associated with their investment.
- The energy supply greenhouse gas footprint estimates the supply chain emissions associated with the energy which we sell to our customers, covering emissions resulting from the production, transportation, distribution and consumption of electricity and gas.
For further information on AGL and climate change have a look at our FY2017 Sustainability Report.