Whitehaven Coal today released its inaugural Sustainability Report incorporating its responses to the recommendations of the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures (TCFD).
The report articulates Whitehaven’s holistic approach to sustainability, and its commitment to transparently reporting against key environmental, social and economic benchmarks annually. It builds upon Whitehaven’s formal reporting on sustainability matters in various formats over a number of years.
Whitehaven acknowledges climate-related dimensions to investment are becoming increasingly important for some stakeholders. On 5 October 2018, the company announced it would examine the recommendations the TCFD with a view to addressing these as part of its suite of annual reporting in 2019.
Since this announcement, Whitehaven’s strategy, investor and sustainability teams have worked to develop and incorporate a formal response to the TCFD within a broader sustainability-reporting framework. The inaugural Sustainability Report 2019 represents the culmination of these efforts and includes an analysis of the resilience of Whitehaven’s portfolio of high-quality coal assets based on scenarios developed by the International Energy Agency, the independent authority on energy policy and energy markets globally.
As Whitehaven grows, its purpose as a company remains the same: to support and sustain regional communities by exporting high-quality thermal and metallurgical coal to the world. Whitehaven will continue working toward this objective while at the same time making a material, practical contribution to carbon emissions reduction efforts, by combining its low-ash, low-sulphur, high-energy coal with the most technologically advanced, highest efficiency, and lowest emitting power stations in operation.
Read the full report here.