GHG Emissions
At Aurizon, we recognise the global requirement to reduce greenhouse gas (GHG) concentrations in the atmosphere. Climate change is a critical consideration for the sustainability, growth and long-term success of our company.
Consequently, we have implemented multiple systems and processes to improve the resilience of our business and integrate climate-related risk into key decision-making processes such as, the evaluation of future investment decisions.
In 2018 we achieved a 20% emissions intensity reduction across our locomotive fleet when compared to a 2010 baseline. This achievement was driven by a focus on improving the efficiency of our operations, including the implementation of targeted energy efficiency initiatives. We continue to seek opportunities to improve the emissions intensity of our operations.
For details on Aurizon's GHG emssions along with year-on-year performance, view our 2019 Sustainability Report.
In 2018, we had our National Greenhouse and Energy Report externally assured, which includes our scope one and two emissions. A copy of the assurance statement is available here.
We recognise that our climate change disclosures are one of the key interests to stakeholders. Since 2017, Aurizon has aligned our climate change-related disclosures to the Task Force on Climate-related Financial Disclosures (TCFD) recommended by the Financial Stability Board. This framework enables consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. Our preference continues to be maintaining direct climate-related disclosures in alignment with the TCFD.
Aurizon has chosen not to participate in CDP (formerly the Carbon Disclosure Project) in 2019. We have made this decision based on feedback from stakeholders that CDP information is not being used as a key mechanism to assess or engage with Aurizon on climate change.
Our primary channel for engaging with stakeholder on all ESG matters, including our climate-related disclosures, is through the publication of the Sustainability Report, which is updated and issued annually.