Sustainability
Our Sustainability Commitment
Operating sustainably is integral to ElectraNet’s role in the transition to a clean energy future. As a transmission network service provider ElectraNet is committed to developing, operating and maintaining the network in a way that is sustainable.
With guidance from internationally recognised frameworks, ElectraNet is committed to setting targets, monitoring and reporting our Environmental, Social and Governance (ESG) sustainability performance, and improving the resilience of the business to climate and other ESG-related risks tailored to the nature and objectives of the business.
For ElectraNet, sustainability means that the future generations of South Australians will benefit from comparable environmental, social and economic conditions.
ElectraNet is committed to achieving its Net-Zero Scope 1 emissions target by 2040 within our regulatory framework, repairing and replacing SF6 equipment where possible, upgrading our vehicle fleet to lower emissions and utilising reputable and validated carbon offsets as required.
Focus Areas, Current Initiatives and Actions for Implementation
- Renewable Energy Transition
- Climate Change and Carbon Emissions
- Biodiversity and Habitat
- Health and Safety
- Diversity and Inclusion
- Continuous Engagement with Traditional Owners
- Respect and engagement with Landholders and Communities
- Governance, Compliance and Ethical Conduct
- Cyber and Physical Security
- Understanding and Managing Climate Risk
Enabling the renewable energy transition through our major transmission projects and supporting our clean energy-focussed customers
- Driving the renewable energy transition through our transmission projects and supporting our clean energy-focussed customers
- NAIDOC and Reconciliation Week Committee
- Trees for Life, FoodBank and Adelaide Zoo Sponsorship
- Project emPower: A network to inspire, develop, advance and connect women
- Health, Safety and Environment Committee
- Consumer Advisory Panel
- Support of Catherine House
Environmental
Emissions Reduction:
- Net Zero Scope 1 emissions target by 2040
- Repairing and replacing SF6 equipment, where possible
- Upgrading our vehicle fleet to lower emissions
- Utilising reputable and validated carbon offsets, only as required
Note: Scope 2 emissions arise from heat losses on the network, which depend on the amount of power flows on the network, and the connected generation mix. Like other networks, ElectraNet has no control over these factors, and thus cannot set a target for Scope 2 line loss emissions. We have observed that Scope 2 emissions in recent years have been trending downwards, due to reduced power flows and more renewables generation in the mix. Should those trends continue, then, all else being equal, the Scope 2 emissions should continue to trend downwards.
Social
Reconciliation Action Plan:
Formalise ElectraNet’s existing reconciliation initiatives in a “Reflect” Reconciliation Action Plan
Human Rights Framework:
Develop a Human Rights Framework incorporating current approach to Modern Slavery and other matters directly related to organisational management of human rights via supply chain including labour and community rights.
Diversity and Inclusion Policy and Strategy:
Build on ElectraNet’s existing approach to Diversity and Inclusion by formalising existing and new initiatives via development of a Diversity & Inclusion Policy and Strategy, and monitoring progress
Governance
Global Real Estate Sustainability Benchmarking (GRESB) Assessment:
Continuous improvement in GRESB with 90+ target
Emissions Audit:
Two-yearly audit of ElectraNet’s Scope 1 and 2 Greenhouse Gas Emissions undertaken by an independent third-party auditor, and annual reporting to the Commonwealth Government Clean Energy Regulator under the National Greenhouse and Energy Reporting (NGER)
Reporting:
Reporting to Board and Shareholders on ESG performance
