SUSTAINABILITY
OUR APPROACH TO SUSTAINABILITY
At Frontier, we are focused on actively contributing to the global movement of mitigating climate change and transitioning to net zero carbon emissions, through the development of the Project.
Transitioning to net-zero carbon emissions is one of the greatest challenges our world will face. It calls for a complete transformation of how the world operates. “The energy sector is the source of around three-quarters of carbon emissions today and is the key to avoiding the worst effects of climate change”1. Replacing high carbon emitting energy sources such as coal, gas and oil-fired power with renewable energy sources, including solar in combination with storage (eg battery and / or green hydrogen), will significantly reduce carbon emissions.
In 2022, the Australian Federal Government released new legislation, the Climate Change Act 2022, to accelerate the country’s decarbonation strategy in line with the Paris Agreement. The legislation set the following greenhouse gas emissions (GHG) reduction targets:
- reducing Australia’s net greenhouse gas emissions to 43% below 2005 levels by 2030
- reducing Australia’s net greenhouse gas emissions to zero by 2050.
To the achieve the above GHG reduction targets, the Australian government has set an additional Transition to Net zero goal of increasing renewable energy in our National Electricity Market to 82 per cent by 2030.
Frontier is focused on becoming an active player in Australia’s decarbonisation strategy, developing a large-scale solar farm at the Project along with renewable energy storage.
In addition to our objective to deliver sustainable renewable energy, we recognise the importance of setting high standards and integrating other sustainability considerations into our decision-making. To guide this, we have developed the following sustainability ethos:
We care for our community, environment, and all stakeholders, by delivering safe, reliable, and sustainable clean energy solutions.
This statement guides all our sustainability activities and provides a clear direction for the company’s future.
Transparency and accountability are a key component of sustainability. In June 2023, Frontier released its Inaugural Sustainability Report.
The 2022 Sustainability Report was guided the Global Reporting Initiative Sustainability Reporting Standards (GRI Standards) and involved a materiality assessment, identifying material topics and disclosing Frontier’s management approach of these topics. It also provided an overview of the Company’s Environmental, Social and Governance performance and how we are integrating sustainability considerations into our decision making across the business.
The report also discussed our contributions to the United Nations Sustainable Development Goals (SDGs).
The 17 SDGs are a sustainability framework that has been built on decades of work by the UN and over 170 countries. The SDGs are an urgent call for action by all countries to act in a global partnership, to work together to wipe out poverty, fight inequality and tackle climate change by 2030.
At Frontier, we recognise the importance of the United Nations’ SDGs in guiding international efforts to achieve sustainable development. We have identified three SDGs relevant to our business where we can have the greatest impact and make positive contributions.
For more information:
We are committed to communicating openly with our stakeholders, and we welcome your feedback. If you would like to provide feedback or have any questions, please send your comments to community@frontierhe.com