The ambitious new target is a science-based target. This means it is aligned with climate science to ensure we are doing our part to support the Paris Agreement to keep global warming below two degrees this century.
Action is critical if we’re to avoid the devastating environmental impacts of global warming, which in turn will have severe and wide-ranging social and economic implications.
As long-term owner-operator of toll roads in Australia and the United States, we don’t just plan for the next 12 months, we plan decades in advance. So the commitment isn’t just a ‘tick box’ for the business, we have a vested interest in the outcome.
The new target will contribute to our business’ bottom line. An obvious benefit from reduced greenhouse gas emissions is a reduction in electricity costs.
Further to this, the target will drive business efficiencies and force us to review our operations and determine new and smarter ways to operate.
We’ve already taken steps to reduce our greenhouse gas emissions. We have set ourselves a clear pathway, which includes expanding our current energy reduction program, investing in on-site renewable energy generation and looking at long-term renewable energy investments. For instance, when NorthConnex is completed it will be the first tunnel in Australia to be lit with energy efficient LED lights.
I am excited by the innovation this will drive across the organisation, and I find it personally rewarding to be part of an organisation leading the way with an ambitious, meaningful target that we will all benefit from for decades to come.