Sustainability
COMMITMENT TO CLIMATE ACTION
Vena Energy is committed to playing a vital role in the global action against climate change by contributing to the decarbonisation of the energy sector, which is widely considered as one of the necessary steps to unlock the transition to a low carbon economy and a climate risk-resilient society. Our mission is to accelerate the energy transition in the Asia-Pacific, in order to progressively displace thermal and other non-renewable generation capacity. Over the course of 2022, Vena Energy’s operating portfolio of solar and wind assets generated more than 3.7 TWh of clean electricity, equivalent to more than 2.7 million tonnes of in 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 2022 were 3.7 TWh and 6.8 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.
In 2019, Vena Energy joined over 1,000 companies in publicly expressing our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). We acknowledge that the implementation of the TCFDs is a journey, and we continue to discuss the impact of climate change on our business through our shareholder board-appointed Sustainability Committee.
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.
