Driven by Our Purpose
Drax Group plc Drax Group Annual report and accounts 2020 Driven by our purpose Drax Group plc Annual report and accounts 2020 Welcome to Drax Group Our purpose To enable a zero carbon, lower cost energy future Our ambition Our ambition is to become carbon negative Read more about Philip Cox how we plan to by 2030. Being carbon negative means CBE, Chair achieve our ambition from our that we will be removing more carbon Chair and CEO on dioxide from the atmosphere than we pages 8 and 10 produce throughout our direct business operations globally – creating a carbon Will Gardiner, negative company CEO Our strategic aims To build a long-term future Read more on page 16 for sustainable biomass By expanding our sustainable bioenergy supply chain and reducing costs we are developing options for long-term biomass operations – renewable generation, negative carbon emissions, system support services and third party supply of biomass to international markets. To be the leading provider Read more on page 36 of power system stability Through a portfolio of flexible and renewable generation, and large industrial and commercial customer supply business, we will provide system support services to allow the power system to utilise intermittent renewable energy accelerating the UK’s decarbonisation en route to 2050. Read more on To give our customers page 38 control of their energy We provide our customers with renewable energy, and the opportunity to control and optimise energy use and cost, helping us support the energy system. Front cover: Foresters in Weyerhaeuser working forest, Mississippi, USA, where more carbon is stored See more online at and more wood inventory is grown each year than is www.drax.com extracted for wood products such as biomass pellets.
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