Ampol provides sustainability update

Ampol has released its 2021 sustainability report, recording drops in injuries and commitments towards sustainability.

The report covers Australian and international operations including safety, people and culture, community support and sustainability practices, with a target of reaching net zero emissions across its operations by 2040 with interim 2025 and 2030 decarbonisation targets.

Across the company’s convenience retail business, there was a 54 per cent drop in Total Recordable Injury Frequency Rate (TRIFR) from the previous year, and a commitment of a 25 per cent reduction in convenience retail operational emissions on an absolute basis by 2025.

Ampol also undertook their second Ampol Culture Survey, recording a nine-point improvement, which in a joint statement from Matt Halliday, Managing Director and CEO, and Penny Winn, Chair of the Safety and Sustainability Committee, said they were very proud of.

“We are very proud of this achievement, but acknowledge we still have work to do. We’re taking onboard the feedback we received and delivering business-specific improvement plans that make Ampol an even better place to work.”

In its fundraising efforts, Ampol celebrated 10 years of partnership with the Clontarf Foundation, invested $3.17m via the Ampol Foundation, raised $145,000 through its retail stores for Surf Life Saving Australia, and $343,000 was raised for The Smith Family’s Winter Appeal.

Commitments for 2022 and beyond include investing $100m by 2025 in its Future Energy and Decarbonisation Strategy which aims to support the development of low carbon solutions.

“Since the release of the Strategy, we have developed Energy Management Plans to support delivery of our operational carbon targets and executed a sustainability linked loan that connects our loan facilities to our decarbonisation and investment commitments.

“We have also developed propriety climate modelling of Australia’s transport industry’s transition to support our business and strategic planning.”

In a bid to strengthen the link between executive remuneration and the delivery of the Future Energy and Decarbonisation Strategies, a 10 per cent short-term incentive will be applied to remuneration based on progress towards its goals.

“Our Future Energy ambitions and the launch of our first products are amongst our highest priorities. Our focus is on the rollout of our EV charging network, small-scale trails for energy retailing together with hydrogen and biofuel initiatives.

“We are working hard to provide low carbon choices for our customers whether they are at home, on our forecourts or at any destination.”

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