Yancoal Australia released its 2022 ESG report, which revealed total scope 1 and 2 emissions of 2,367,913 tonnes equivalent to carbon dioxide, and the intent to define a holistic sustainability strategy during 2023.
The company said it had initiated a feasibility study for the creation of a renewable energy hub, involving pumped hydro and solar elements, at its Stratford mine location.
Yancoal is also partnering with Green Gravity to explore using retired ventilation shafts at the Austar coal mine for renewable energy storage.
Additionally, the company’s “Green Mined” competition concluded, where employees submitted innovative ideas for improving energy efficiency and lowering carbon emissions.
The report highlighted Yancoal’s payment of Australian corporate tax for the first time, expenditure on government expenses and suppliers, salaries and wages for employees, reductions in work-related injuries, and voluntary contributions to community organizations and charities.
The company also reported a 50 per cent increase in female workers.
The chairman and CEO announced the development of a holistic sustainability strategy for 2023 that would focus on enhancing value in key business areas including the environment.
Sources: Australian Mining, Yancoal 2022 ESG Report
Image Source: Yancoal