DOCSLIB.ORG

Stanwell Annual Report 2019/20 | Our Performance About Stanwell

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Stanwell Annual Report 2019/20 | Our Performance About Stanwell Together we create energy solutions Annual Report 2019/20 1 Table of contents About this report 3 Chief Executive Officer’s review 13 Our performance 4 Performance indicators 18 About Stanwell 5 Strategic direction 20 Our vision 5 Our five-year plan 22 Our values 5 Our 2019/20 performance 24 Our assets 8 Corporate governance 34 Chair’s statement 10 Financial results 46 2 About this report This report provides an overview of the major initiatives and achievements of Stanwell Corporation Limited (Stanwell), as well as the business’s financial and non-financial performance for the year ended 30 June 2020. Each year, we document the nature and scope of our strategy, objectives and actions in our Statement of Corporate Intent, which represents our performance agreement with our shareholding Ministers. Our performance against our 2019/20 Statement of Corporate Intent is summarised on pages 24 to 33. Electronic versions of this and previous years’ annual reports are available online at www.stanwell.com 3 Our performance • Despite a challenging year due to the • We received Australian Renewable Energy combination of an over-supplied energy market, Agency (ARENA) funding to assess the feasibility regulatory upheaval, the COVID-19 pandemic, of a renewable hydrogen demonstration plant at bushfires and widespread drought, our people Stanwell Power Station. responded to these challenges, and remained safe, while playing a critical role in keeping the • We achieved gold status from Workplace lights on for Queenslanders. Health and Safety Queensland in recognition of the longevity and success of our health and • We are one of the most reliable energy providers wellbeing initiatives. in the National Electricity Market, with our assets operating at 94.4 per cent reliability during the • Our continued focus on our safety performance 2019/20 year. resulted in a 37 per cent decrease in recordable injuries across our sites (from 22 in 2018/19 to • We invested $114.7 million (2018/19: 14 in 2019/20). $126.3 million) in our power stations to ensure we continued to provide a reliable supply of • We implemented several water saving initiatives energy for Queenslanders. at our sites and kicked off a water strategy for our Tarong power stations. This ensures we optimise • A University of Queensland study conducted in our long-term water supply arrangements, while Rockhampton and the South Burnett found that balancing water security for the South Burnett our host communities have very high levels of community. trust in Stanwell. • We provided a secure supply of electricity for • We were proud to launch Stanwell’s new values Queenslanders, with 18,595 GWh (2018/19: – We care, We adapt and We deliver. 19,200 GWh) of electricity sent out by our sites. • Our renewed Mine Services Agreement was • Our Mica Creek Power Station, in Mount Isa, finalised, with Downer EDI awarded a five-year celebrated 60 years in operation. After providing contract at Meandu Mine, reducing our Tarong energy to Mount Isa industry and homes for 60 power stations’ fuel costs. years it will be placed into cold storage from 1 January 2021. • We rolled out our refreshed business strategy, positioning Stanwell for the future. 4 Stanwell Annual Report 2019/20 | Our performance About Stanwell Who we are We are an energy business with a portfolio We have a variety of income sources that allow us of electricity generation assets throughout to achieve the best possible returns for our owners, Queensland. We are a major provider of electricity the people of Queensland. We sell wholesale to Queensland, the National Electricity Market electricity and we have an electricity retail business, and large energy customers along the eastern Stanwell Energy, serving large commercial and seaboard. industrial energy customers. We also receive revenue from coal rebates. As a company that operates generation assets critical for energy reliability and system security, it At Stanwell, we value a diverse and inclusive culture is Stanwell’s job to keep providing electricity as the where we attract, employ and develop people who industry transitions to a lower carbon future. share our values. While providing reliable and affordable energy As of 1 July 2020, we employed 717 full time for today, we are also exploring new generation equivalent direct employees in addition to 550 and storage technologies that will help reduce specialist contractors across our sites. Our aim is emissions for tomorrow, at an affordable price. to create a workplace where everyone is included, treated fairly, respected and given the opportunity to be the best they can be. Our vision Our values Together we create energy In 2020, we refreshed our corporate strategy and launched new values and behaviours to support solutions the transformation of our business. The Stanwell of today is very different to the Stanwell (and This means we strive to: market) that existed when our previous values were developed ten years ago. • work with our customers, shareholders, business partners and regulators to find We worked with our people, our leadership teams new ways to meet their changing needs; and our Board, over six months, to develop new • make the complex simple; values that align more closely to our strategy, our • think differently and actively pursue vision and what’s important to our people, while • opportunities for our customers, the energy respecting our past. market and our business; and • identify and harness opportunities to enhance the value of our business. About Stanwell | Stanwell Annual Report 2019/20 5 Our new values and behaviours are: We care We care by: • focusing on our health, safety and wellbeing; • looking after each other, the environment and our community; • being inclusive and communicating • openly; and • respecting and helping each other grow and succeed. We adapt We adapt by: • embracing change and new ideas; • working together and sharing learnings; and • encouraging questions and different perspectives. We deliver We deliver by: • keeping our commitments and trusting each other; • making responsible commercial • decisions; and • owning our actions and outcomes. 6 Stanwell Annual Report 2019/20 | About Stanwell About Stanwell Energy Stanwell Energy is the retail brand of Stanwell Corporation Limited. Stanwell Energy serves large users of energy across the eastern seaboard of Australia – in Queensland, New South Wales, the Australian Capital Territory and Victoria. We work with many prominent Australian commercial and industrial businesses to deliver tailor-made energy solutions. This may include, but is not limited to: • competitive fixed-price electricity supply agreements; • long-term pricing and strategic relationships; • hybrid contracting arrangements; and • self-management of consumption and environmental certificate requirements. We provide our customers with reliable and proactive customer service and solutions tailored to their specific needs. The Stanwell Energy difference is: • a flexible array of energy solutions, specific to each customer’s needs; • accurate, transparent and on-time billing; • dedicated and responsive account management (no call centre, you will have your account manager’s name and mobile phone number); and • expert understanding of the energy market and its evolving technologies and regulations. Visit StanwellEnergy.com for more information. About Stanwell | Stanwell Annual Report 2019/20 7 Our assets Our portfolio includes 3,418 MW of energy generation assets throughout Queensland. This includes Stanwell Power Station near Rockhampton and Tarong North Power Station near Kingaroy - two of the youngest and most efficient coal-fired power stations in Australia. We are proud to generate the energy that powers Queensland lives and businesses. Generation Assets Coal Gas Hydro Diesel QUEENSLAND Fuel Assets Coal Gas Cleanco Assets Gas Hydro Water Gas Fuel 8 Stanwell Annual Report 2019/20 | Our assets GENERATION GAS A. STANWELL POWER STATION, Central Queensland – J COMET RIDGE AGREEMENT, Central Queensland – 1,460 MW (coal) option to secure long-term gas or to exit agreement for B. TARONG POWER STATIONS, Southern Queensland – an agreed payment to Stanwell of $20 million 1,843 MW (coal) C. MACKAY GAS TURBINE, Central Queensland – CLEANCO* 34 MW (diesel) D. MICA CREEK POWER STATION, North West K. SWANBANK E POWER STATION, South East Queensland – 218 MW (gas) Queensland – 385 MW (gas) E. WIVENHOE SMALL HYDRO, South East Queensland – L. KAREEYA HYDRO, Far North Queensland – 4.3 MW (hydro) 88 MW (hydro) M. BARRON GORGE HYDRO, Far North Queensland – COAL 66 MW (hydro) N. KOOMBOOLOOMBA HYDRO, Far North Queensland – F. MEANDU MINE, Southern Queensland – long-term coal 7.3 MW (hydro) supply to the Tarong power stations O. KOOMBOOLOOMBA DAM, Far North Queensland – G. KUNIOON COAL RESOURCE, Southern Queensland – captures water for use at Koombooloomba Hydro and potential future fuel supply for the Tarong Power Stations Kareeya Hydro power stations H. CURRAGH NORTH MINE, Central Queensland – P. KOGAN NORTH JOINT VENTURE, South East long-term agreement with Coronado Curragh which Queensland – provides up to four petajoules per annum provides low-cost coal to Stanwell Power Station, and of gas to Swanbank E Power Station via the Roma to a revenue stream for coal exports Brisbane Gas Pipeline I. MINERAL DEVELOPMENT LICENCE 306, Central Q. ROMA TO BRISBANE GAS PIPELINE – contracted Queensland – coal resource located near the Curragh capacity of 52 terrajoules per day North Mine * On 31 October 2019,
Load more

Recommended publications
  • Modern Slavery Statement 2020 Modern Slavery Statement 2020
    Modern Slavery Statement 2020 Modern Slavery Statement 2020 Contents 2 Contact 3 Introduction 4 About CS Energy Our purpose Our values 5 Reporting criteria 1 & 2 Our organisational structure Our operations Our supply chain 8 Reporting criteria 3 Modern slavery risks in our operations and supply chain 9 Reporting criteria 4 Actions taken to assess and address our modern slavery risks 10 Reporting criteria 5 Assessing the effectiveness of our actions 11 Reporting criteria 6 Consultation with owned or controlled entities Contact Brisbane office and registered office CS Energy Limited Level 2, HQ North Tower 540 Wickham Street Fortitude Valley Qld 4006 PO Box 2227 Fortitude Valley BC Qld 4006 P: +61 7 3854 7777 E: [email protected] W: www.csenergy.com.au ABN 54 078 848 745 2 CS Energy Modern Slavery Statement 2020 Introduction CS Energy is proud to present our inaugural Modern Slavery Statement under the Australian Government’s Modern Slavery Act 2018. The statement covers all sites owned or operated by CS Energy (as outlined on page 6) for the financial year ending 30 June 2020. In FY2020, CS Energy spent more than $575 million on goods and services from almost 1,200 vendors. We recognise that a business with this procurement spend has an important role to play in helping to prevent modern slavery. Our immediate focus in FY2020 was to gain an understanding of the modern slavery risks in our supply chains and to establish processes for addressing those risks, with our analysis concluding that the risk in our supply chain is low.
    [Show full text]
  • Energy 2020 (Report 11: 2020–21)
    FINANCIAL AUDIT REPORT 4 February 2021 Energy 2020 Report 11: 2020–21 • Queensland • • Audit Office Better public services As the independent auditor of the Queensland public sector, including local governments, the Queensland Audit Office: • provides professional audit services, which include our audit opinions on the accuracy and reliability of the financial statements of public sector entities • provides entities with insights on their financial performance, risk, and internal controls; and on the efficiency, effectiveness, and economy of public service delivery • produces reports to parliament on the results of our audit work, and on our insights, advice, and recommendations for improvement • conducts investigations into claims of financial waste and mismanagement raised by elected members, state and local government employees, and the public • shares wider learnings and best practice from our work with state and local government entities, our professional networks, industry, and peers. We conduct all our audits and reports to parliament under the Auditor-General Act 2009 (the Act). Our work complies with the Auditor-General Auditing Standards and the Australian standards relevant to assurance engagements. • Financial audit reports summarise the results of our audits of over 400 state and local government entities. • Performance audit reports cover our evaluation of some, or all, of the entities’ efficiency, effectiveness, and economy in providing public services. Depending on the level of assurance we can provide, these reports may also take the form of: • Audit insights, which provide some evaluation and share our insights or learnings from our audit work across government • Audit briefs, which set out key facts, involve some evaluation, and may include findings and recommendations • Audit overviews, which help clients and stakeholders understand complex issues and subjects.
    [Show full text]
  • Ipa0810-Qld-Energy-Paper Final
    POWERING QUEENSLAND: Why competitive, private electricity markets offer lower prices and better infrastructure 2 | POWERING QUEENSLAND: WHY COMPETITIVE, PRIVATE ELECTRICITY MARKETS OFFER LOWER PRICES AND BETTER INFRASTRUCTURE For more information please contact: Brendan Lyon Chief Executive Officer Infrastructure Partnerships Australia T 02 9240 2050 E [email protected] Jonathan Kennedy Director, Policy Infrastructure Partnerships Australia T 02 9240 2057 E [email protected] Ilya Zak Manager, Policy Infrastructure Partnerships Australia T 02 9240 2063 E [email protected] Copyright @ Infrastructure Partnerships Australia Disclaimer Infrastructure Partnerships Australia provides no warranties and representations in relation to the information provided in this paper. It is not intended for and should not be relied upon by any third party and no responsibility is undertaken. CONTENTS EXECUTIVE SUMMARY 8 RECOMMENDATIONS 11 1 THE CASE FOR REFORM 14 1.1 STALLED REFORM & PRICE IMPACTS 14 1.2 FISCAL CONSTRAINTS 15 1.3 CONFLICTS OF INTEREST 18 2 A CLEAR REFORM PATHWAY 20 2.1 RETAIL 20 2.1.1 EsTABLISHING AN EFFICIENT MARKET PRICE 20 2.1.2 ACHIEVING A TRULY COMPETITIVE RETAIL MARKET 21 2.2 GENERATION 22 2.3 NETWORKs 24 APPENDIX A – VALUATION WORKINGS 27 DISTRIBUTION AND TRANSMISSION 27 GENERATION 28 RETAIL 30 APPendix B – PrioriTY INFRASTRUCTURE PROJECTS 31 BIBLIOGRAPHY 33 TABLE OF FIGURES FIGURE 1: ELECTRICITY RETAIL MARKET SHARE (SMALL CUSTOMERS) BY JURISDICTION, 2011 14 FIGURE 2: INSTALLED GENERATION
    [Show full text]
  • Infigen Energy 2012 Annual Report and Agm Notice of Meeting
    12 October 2012 INFIGEN ENERGY 2012 ANNUAL REPORT AND AGM NOTICE OF MEETING Infigen Energy (ASX: IFN) advises that the attached 2012 Annual Report and the Notice of Meeting relating to the Annual General Meetings of Infigen Energy to be held on Thursday, 15 November 2012, are being despatched to securityholders today. The 2012 Annual Report and AGM Notice of Meeting are also available at Infigen’s website (www.infigenenergy.com). ENDS For further information please contact: Richard Farrell, Investor Relations Manager Tel +61 2 8031 9900 About Infigen Energy Infigen Energy is a specialist renewable energy business. We have interests in 24 wind farms across Australia and the United States. With a total installed capacity in excess of 1,600MW (on an equity interest basis), we currently generate enough renewable energy per year to power over half a million households. As a fully integrated renewable energy business in Australia, we develop, build, own and operate energy generation assets and directly manage the sale of the electricity that we produce to a range of customers in the wholesale market. Infigen Energy trades on the Australian Securities Exchange under the code IFN. For further information please visit our website: www.infigenenergy.com INFIGEN ENERGY OUR GENERATION, YOUR FUTURE Annual Report 2012 INFIGEN ENERGY ANNUAL REPORT 2012 OUR GENERATION CONTINUES TO CONTRIBUTE TO THE TRANSITION TO LOW CARBON EMISSION ELECTRICITY, for yoUR FUTURE AND FUTURE GENERATIONS MIKE HUTCHINSON Chairman 1 INFIGEN ENERGY We strive to be recognised as the leading provider of renewable energy. We want to make a positive difference. Our focus is on customer needs.
    [Show full text]
  • Annual Report 2019/20
    Together we create energy solutions Annual Report 2019/20 1 Table of contents About this report 3 Chief Executive Officer’s review 13 Our performance 4 Performance indicators 18 About Stanwell 5 Strategic direction 20 Our vision 5 Our five-year plan 22 Our values 5 Our 2019/20 performance 24 Our assets 8 Corporate governance 34 Chair’s statement 10 Financial results 46 2 About this report This report provides an overview of the major initiatives and achievements of Stanwell Corporation Limited (Stanwell), as well as the business’s financial and non-financial performance for the year ended 30 June 2020. Each year, we document the nature and scope of our strategy, objectives and actions in our Statement of Corporate Intent, which represents our performance agreement with our shareholding Ministers. Our performance against our 2019/20 Statement of Corporate Intent is summarised on pages 24 to 33. Electronic versions of this and previous years’ annual reports are available online at www.stanwell.com 3 Our performance • Despite a challenging year due to the • We received Australian Renewable Energy combination of an over-supplied energy market, Agency (ARENA) funding to assess the feasibility regulatory upheaval, the COVID-19 pandemic, of a renewable hydrogen demonstration plant at bushfires and widespread drought, our people Stanwell Power Station. responded to these challenges, and remained safe, while playing a critical role in keeping the • We achieved gold status from Workplace lights on for Queenslanders. Health and Safety Queensland in recognition of the longevity and success of our health and • We are one of the most reliable energy providers wellbeing initiatives.
    [Show full text]
  • Ensuring Reliable Electricity Supply in Victoria to 2028: Suggested Policy Changes
    Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes Associate Professor Bruce Mountain and Dr Steven Percy November 2019 All material in this document, except as identified below, is licensed under the Creative Commons Attribution-Non- Commercial 4.0 International Licence. Material not licensed under the Creative Commons licence: • Victoria Energy Policy Centre logo • Victoria University logo • All photographs, graphics and figures. All content not licenced under the Creative Commons licence is all rights reserved. Permission must be sought from the copyright owner to use this material. Disclaimer: The Victoria Energy Policy Centre and Victoria University advise that the information contained in this publication comprises general statements based on scientific research. The reader is advised and needs to be aware that such information may be incomplete or unable to be used in any specific situation. No eliancer or actions must therefore be made on that information without seeking prior expert professional, scientific and technical advice. To the extent permitted by law, the Victoria Energy Policy Centre and Victoria University (including its employees and consultants) exclude all liability to any person for any consequences, including but not limited to all losses, damages, costs, expenses and any other compensation, arising directly or indirectly from using this publication (in part or in whole) and any information or material contained in it. Publisher: Victoria Energy Policy Centre, Victoria University, Melbourne, Australia. ISBN: 978-1-86272-810-3 November 2019 Citation: Mountain, B. R., and Percy, S. (2019). Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes. Victoria Energy Policy Centre, Victoria University, Melbourne, Australia.
    [Show full text]
  • Vol 3 – App. 36 – RACL Environmental Record
    Environmental Impact Statement - VOLUME 3 Appendix 36 RACL Environmental Record Prepared by RATCH Australia Corporation Limited PR100246 / R72894; Volume 3 TRANSFIELD SERVICES Australia & New Zealand HSE HAZARDS DOCUMENT No. TMP-2000-EV-0001 1.0 PURPOSE To outline the process to be followed for identifying and assessing the HSE hazards and relevant HSE legal requirements associated with Transfield Services operations and Supplier/Subcontractor activities, products and services. 2.0 SCOPE This procedure applies to all Transfield Services operations, sites and offices. It applies to the management of HSE hazards that arise in the course of activities at these sites and offices. The exact requirements of this procedure must be implemented as defined. Deviation from this procedure is only permissible where the stated criteria cannot be fulfilled and the deviation is approved by the respective Industry HSE Manager or Operations General Manager. Approvals shall be via e-mail and maintained as a record with all other document approvals, refer TMP-0000- QA-0005 – Document Control Procedure. 2.1 Adoption of a Client’s Hazard Controls, Procedures & Processes A client’s hazard controls, procedures and processes can be considered for adoption under any or all of the following circumstances:- 1. A gap analysis has been undertaken against Transfield Services’ procedures and processes and no inconsistencies have been identified between the client’s and Transfield’s identified procedures and processes. 2. The gap analysis finds that the client’s procedures and processes are equal to or better than those identified by Transfield Services 3. The client’s hazard controls, procedures and processes comply with regional legislative requirements.
    [Show full text]
  • Damien Cronin
    OIL AND GAS CAPABILITY DAMIEN CRONIN Damien Cronin is the principal of Law capturing the upside electricity and Projects, a specialist legal and company gas price revenue as a component of secretariat consultancy to the resources the production fee payable to Blue and energy sectors. He is, and has been, a Energy for the gas extraction rights. specialist legal and commercial consultant to Blue Energy, Global Petroleum, Advised Blue Energy on the Queensland Gas, Sonoma Coal and restatement and amendment of the Sunshine Gas (serving as the Company Gas Alliance and Gas Extraction Secretary and General Counsel to Blue Agreement. Energy and Sunshine Gas (both listed public companies), a Non-Executive Advised Blue Energy on, and Director and Company Secretary of Global negotiated and documented, an Petroleum (a listed public company), the associated Farm-in Agreement with General Counsel to Sonoma Coal and the Stanwell. Secretary of the Operating Committee of Advised Blue Energy on the the Sonoma Coal Joint Venture). He has acquisition by Korea Gas of a 10% also been a specialist adviser to the Boards shareholding in Blue Energy and of Ergon Energy and Powerdirect Australia. negotiated and documented the Share He was a consultant to McInnes Wilson a Placement Agreement and an boutique commercial law practice. He was associated Farm-in Agreement with also a partner of, and remains a consultant Korea Gas and Mitsubishi. to, DLA Piper, the world’s largest international legal firm and a significant Negotiated and documented Sunshine presence in the Australasian legal services Gas’ purchase of the Overston Project market. Damien has over 40 years’ from Samson Australia and the sale of experience in private and corporate legal Sunshine Gas’ interest in the Roma practice, including over 30 years’ Joint Venture to Santos.
    [Show full text]
  • State of the Energy Market 2011
    state of the energy market 2011 AUSTRALIAN ENERGY REGULATOR state of the energy market 2011 AUSTRALIAN ENERGY REGULATOR Australian Energy Regulator Level 35, The Tower, 360 Elizabeth Street, Melbourne Central, Melbourne, Victoria 3000 Email: [email protected] Website: www.aer.gov.au ISBN 978 1 921964 05 3 First published by the Australian Competition and Consumer Commission 2011 10 9 8 7 6 5 4 3 2 1 © Commonwealth of Australia 2011 This work is copyright. Apart from any use permitted under the Copyright Act 1968, no part may be reproduced without prior written permission from the Australian Competition and Consumer Commission. Requests and inquiries concerning reproduction and rights should be addressed to the Director Publishing, ACCC, GPO Box 3131, Canberra ACT 2601, or [email protected]. ACKNOWLEDGEMENTS This report was prepared by the Australian Energy Regulator. The AER gratefully acknowledges the following corporations and government agencies that have contributed to this report: Australian Bureau of Statistics; Australian Energy Market Operator; d-cyphaTrade; Department of Resources, Energy and Tourism (Cwlth); EnergyQuest; Essential Services Commission (Victoria); Essential Services Commission of South Australia; Independent Competition and Regulatory Commission (ACT); Independent Pricing and Regulatory Tribunal of New South Wales; Office of the Tasmanian Economic Regulator; and Queensland Competition Authority. The AER also acknowledges Mark Wilson for supplying photographic images. IMPORTANT NOTICE The information in this publication is for general guidance only. It does not constitute legal or other professional advice, and should not be relied on as a statement of the law in any jurisdiction. Because it is intended only as a general guide, it may contain generalisations.
    [Show full text]
  • Stanwell Corporation Limited's Assets
    The Energy Efficiency Opportunities program – experience from industry September 2011 Overview • Stanwell Corporation Limited • Electricity sector in Australia • Energy Efficiency Opportunities Act (EEO) – Overview and intend of legislation – EEO Framework – EEO versus Energy Audit/Energy Management System – EEO extension to the generation sector • EEO alignment with industry needs Stanwell Corporation Limited Stanwell Corporation Limited’s assets Stanwell Power Station 1,400 MW Tarong Power Station 1,400 MW Tarong North Power Station 443 MW Collinsville Power Station 195MW Swanbank E 385MW Northern Hydros and Wivenhoe Small 183 MW Hydro/Peaking Plant (Mackay Gas Turbine) Total 4,006 MW Electricity sector in Australia Businesses: 57 Revenue: $20.9bn Profit: $3.8bn Annual growth: 7.4% Wages: $1.0bn The Energy Efficiency Opportunities Act covers electricity generation sector – 01 July 2011 Overview of the EEO Act • Targets industrial energy efficiency • Coverage • Assess, identify and report • Program cycles • Objectives EEO Assessment Framework •Leadership •People •Information, data and analysis •Opportunity identification and evaluation •Decision making •Communicating outcomes How can EEO add value to companies? • Challenges systems and assumptions • Triple Bottom Line improvement • Reduces energy use and greenhouse gas emissions • Increases internal communication • Empowers in-house personnel • Board visibility • DRET 2010 report - Identified opportunities save pa – 141.9PJ energy use (2.5% Australia’s total) – 11.2million tonnes emissions (2% Australia’s totals) – $1.2billion EEO - alignment with industry needs • Early consultation with industry • Leverages off existing business activities • Provides extensive support material, skills and guidance • Information exchange • Promotion – case studies • Interaction – Listen, understand and act • Ideas for improvement thank you Gabriele Sartori +61 437 711 871 [email protected].
    [Show full text]
  • NZMT-Energy-Report May 2021.Pdf
    Acknowledgements We would like to thank Monica Richter (World Wide Fund for Nature and the Science Based Targets Initiative), Anna Freeman (Clean Energy Council), and Ben Skinner and Rhys Thomas (Australian Energy Council) for kindly reviewing this report. We value the input from these reviewers but note the report’s findings and analysis are those of ClimateWorks Australia. We also thank the organisations listed for reviewing and providing feedback on information about their climate commitments and actions. This report is part of a series focusing on sectors within the Australian economy. Net Zero Momentum Tracker – an initiative of ClimateWorks Australia with the Monash Sustainable Development Institute – demonstrates progress towards net zero emissions in Australia. It brings together and evaluates climate action commitments made by Australian businesses, governments and other organisations across major sectors. Sector reports from the project to date include: property, banking, superannuation, local government, retail, transport, resources and energy. The companies assessed by the Net Zero Momentum Tracker represent 61 per cent of market capitalisation in the ASX200, and are accountable for 61 per cent of national emissions. Achieving net zero emissions prior to 2050 will be a key element of Australia’s obligations under the Paris Agreement on climate (UNFCCC 2015). The goal of the agreement is to limit global temperature rise to well below 2 degrees Celsius above pre-industrial levels and to strive for 1.5 degrees. 2 Overall, energy sector commitments are insufficient for Australia to achieve a Paris-aligned SUMMARY transition to net zero. Australia’s energy sector This report finds none of the companies assessed are fully aligned with the Paris climate goals, and must accelerate its pace of most fall well short of these.
    [Show full text]
  • ANNUAL REPORT 2013/14 About This Report About Stanwell
    ANNUAL REPORT 2013/14 About this report About Stanwell This report provides an overview of the major Stanwell is a diversified energy business. initiatives and achievements of Stanwell We own coal, gas and water assets, which Corporation Limited (Stanwell) as well as the we use to generate electricity; we sell business’ financial and non-financial performance electricity directly to business customers; for the 12 months ended 30 June 2014. and we trade gas and coal. Each year, we document the nature and scope With a generating capacity of approximately of our strategies, objectives and actions in our 4,200 megawatts, Stanwell is the largest Statement of Corporate Intent. The Statement electricity generator in Queensland. of Corporate Intent represents our performance We have the capacity to supply more agreement with our shareholding Ministers. than 45 per cent of the State’s peak Our performance against our 2013/14 Statement electricity requirements through our of Corporate Intent is summarised on page 5 coal, gas and hydro generation assets. and pages 8 to 15. As at 30 June 2014, we employed Electronic versions of this and previous years’ 710 people at our sites and offices. reports are available online at www.stanwell.com or from Stanwell’s Stakeholder Engagement team on 1800 300 351. Our mission Stanwell contributes to Queensland's prosperity through the safe and responsible provision of energy and commercial returns from business operations. TABLE OF CONTENTS Our values About Stanwell Our values – Safe, Responsible and Commercial – shape how we lead and Report from the Board 2 operate our business. Chief Executive Officer’s review 3 Together, they guide how we think, make Performance indicators 5 decisions and act on a day-to-day basis at Stanwell.
    [Show full text]