Sustainability

ENVIRONMENTAL CONSIDERATIONS

We recognize that protecting and preserving biodiversity, maintaining ecosystem services, and sustainably managing natural resources are prerogatives of sustainable development. In line with IFC (International Finance Corporation) Performance Standard 6, we promote responsible behaviour and support conservation efforts to preserve the environment and biodiversity in the Asia-Pacific region.

CARBON EMISSIONS

Vena Energy creates direct and indirect emissions from fuel combustion of our corporate vehicles and machinery, and the generation of purchased electricity at our corporate and site offices (Scope 1 & 2 emissions). The emissions from our scope 1 and 2 activities equates to approximately 0.7% of the total GHG emissions avoided as a result of the renewable energy generation from our project portfolio. Using our 2022 scope 1 and 2 emissions as a baseline, we have set targets to reduce our operational carbon intensity by 60% by 2030 with the aim to be completely carbon neutral by 2050.

WATER CONSERVATION AND MANAGEMENT

The reduction of water usage leads to less energy and chemicals used in the treatment and pumping of water, which further reduces our carbon footprint. A moderate amount of water is used to clean dust from our solar panels so they can increase the generation of clean energy. However, wind and solar generation assets do not use water to generate power, and therefore do not strain the water supplies needed for agriculture, drinking or sanitation.

Our sewerage and stormwater management policies comply with country, state, and local regulations, and are designed to minimize the impact of the natural environment surrounding our project sites. Wastewater is not disposed of in the surrounding soil or natural water bodies but is carefully collected in tanks and discarded in accordance with the applicable environmental regulations. No discharge permits are required, as power generation from solar and wind assets does not involve industrial processes which contaminate water.

WASTE MANAGEMENT AND DISPOSAL

Non-sustainable waste disposal is increasing around the world due to rapid industrialisation, population growth, and urbanisation. Non-biodegradable waste has been filling our oceans and landfills. The treatment of landfilled waste often releases dangerous levels of carbon dioxide, methane gas, and other gaseous by-products, which contribute significantly to global warming and air pollution. This direct damage to our ecosystems further adversely impacts wildlife habitats and human health.

We promote the minimisation of waste generation as a sustainable practice. In all project sites, our project managers in consultation with local contractors ensure that our waste management procedures are optimised, while also complying with country, state, and local regulations. At our offices, we encourage the use of reusable items, discourage single-use disposables, and provide recycling facilities where reusing is not possible. We also set up infrastructure and platforms to promote digital viewing and keep printing to a minimum.

BIODIVERSITY PROTECTION AND CONSERVATION

Biodiversity is key for the continued productivity of ecosystem services. We actively support the protection and conservation of the flora and fauna in and around our project sites, and we closely assess and monitor our business activities to ensure we protect and enhance the environment. We undertake extensive environmental reviews and permitting processes for each of our renewable projects, which include the assessment of the impact on air and water quality, wildlife habitat, biodiversity, and other aspects of the natural environment.

Our robust environmental policies and procedures ensure that our development process for new projects meets or exceeds country, state, and local environmental requirements, and that our existing generation facilities operate well within the scope of their permits and regulatory approvals.