Origin is proud to be the world’s first energy company to sign up to all seven of the We Mean Business initiatives.
The We Mean Business coalition is a worldwide group of companies, major investors and non-government organisations committed to moving towards a low carbon economy. Established in the lead-up to the United Nations Climate Change Conference in Paris at the end of 2015, We Mean Business believes the only way to truly address climate change is by getting the corporate world to take a leading role in cutting emissions.
“We Mean Business believes the only way to truly address climate change is by getting the corporate world to take a leading role in cutting emissions.”
To achieve its objectives, We Mean Business has laid out seven different initiatives for some of the world’s leading corporations to commit to. And brands such as Coca Cola, Ikea, Johnson & Johnson, Starbucks and Westpac have already adopted one or more of these seven initiatives.
The 7 commitments
Origin has committed to:
1. Reporting climate change information in mainstream reports
We report on our emissions performance and climate policy in our annual report and sustainability report, as well as participating in voluntary reporting through the Dow Jones Sustainability Index and CDP (formerly the Carbon Disclosure Project).
2. Undertaking responsible corporate engagement on climate policy
We support the introduction of a carbon price, the Renewable Energy Target and the UNFCCC pledges and will continue to play a constructive role in setting and achieving Australian and global climate change reduction targets.
3. Adopting a science-based reduction target
This target will see the emissions intensity of the energy we deliver through our fuel and generation portfolio reduce over time. Origin is the leading investor in gas-fired generation in Australia, no interests in brown coal-fired generation and a plan to retire our single, black coal-fired power station sometime in the 2030s. We have also invested in wind, solar, geothermal and hydro and will keep reducing our emissions intensity over time.
4. Setting measures to factor in a cost of carbon
Setting measures to factor in a cost of carbon to materially affectinvestment decisions to drive down greenhouse gas emissions. We also support carbon pricing as one measure to mitigate climate change.
5. Becoming Australia’s leading renewable and low carbon energy provider
By helping customers to procure electricity from renewable sources and to procure 100 per cent of electricity from renewable sources for Origin office premises and, where possible, other operations by 2050 – we want to empower customers to contribute to a lower emissions future, with nearly 400,000 customers with rooftop solar, 255,000 GreenPower customers and a foothold in exciting developments like electric vehicles and battery storage.
6. Reducing short-lived climate pollutants
Origin has partnered with the CSIRO through the Gas Industry Social and Environmental Research Alliance (GISERA) to improve scientific understanding of fugitive emissions and is working to improve how we measure and report methane emissions with a view to reducing these over time.
7. Removing commodity-driven deforestation from all supply chains by 2020
We are working towards deforestation-free procurement and ensuring that what we purchase for the business is sustainably produced.
“Origin is looking at opportunities to expand our renewables portfolio as part of the Renewable Energy Target.”
We have long taken a lower carbon future into account by focusing on gas as a transitional fuel to replace coal and we are looking at the opportunities to expand our renewables portfolio as part of the Renewable Energy Target.