Sustainability
COMMITMENT TO CLIMATE ACTION
Vena Energy is committed to mitigating climate risks and advancing sustainability across our operations. Today, more than 70% of global man-made emissions derive from energy use, highlighting the urgency of transitioning to clean renewable energy to limit global warming to 1.5°C by 2050. Our corporate strategy is built to accelerate this energy transition in the Asia-Pacific region, where steep economic growth is anticipated. Renewable energy is vital to meet the region’s surging energy demand, supported by governments’ renewable energy targets and the sustainability targets of businesses.
Our holistic approach integrates physical climate risk management with environmental management, resource conservation, carbon emissions reduction, and circular economy practices. Through proactive measures like site selection, infrastructural design, and operational efficiency, we aim to minimize environmental impact while promoting long-term sustainability and community engagement. Over the course of 2023, Vena Energy’s operating portfolio of solar and wind assets generated more than 4.5 TWh of clean electricity, equivalent to more than 3.2 million tonnes of greenhouse gas emission reductions.
The following environmental metrics illustrate the sustainability impact of our business, arising from the actual energy generation from our operational assets and estimated generation from our construction and contracted assets, which in 2023 were 4.5 TWh and 9.2 TWh respectively.
ENVIRONMENTAL IMPACT METRICS
SUSTAINABLE PARTNERSHIPS
The United Nations Global Compact as a strategic policy initiative for organisations commits to align with the ten universally accepted principles in the areas of human rights, labour, environment, and anti-corruption. Vena Energy participates in the United Nations Global Compact global movement to disclose publicly our commitments and progress and to shape the world’s sustainability agenda.
As a member of the Carbon Pricing Leadership Coalition (CPLC), we share our experience with over 164 businesses from a range of sectors and regions, as well as 34 national and subnational governments, as well as 85 strategic organizations including civil society and academia.
