Potential offtaker

AUSTAL LTD

www.austal.com

Estimated electricity consumption

N/A

Countries of production presence

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Austal Ltd is an Australian-based shipbuilding company that specializes in the design, construction, and maintenance of high-speed passenger and military vessels. The company has a global presence with shipyards in Australia, the Philippines, Vietnam, and the United States. As a leading player in the shipbuilding industry, Austal Ltd is committed to decarbonisation and sustainable practices, with a focus on reducing its carbon footprint and promoting renewable energy.

Decarbonisation is a key priority for Austal Ltd, and the company has set ambitious targets to reduce its greenhouse gas emissions. As part of its sustainability strategy, Austal Ltd is investing in new technologies and processes to reduce its carbon footprint, including the use of renewable energy sources. The company has also implemented a range of energy efficiency measures across its operations, including the installation of energy-efficient lighting and heating systems, and the use of low-emission vehicles.

Corporate energy is another area of focus for Austal Ltd, with the company working to optimize its energy use and reduce costs. To achieve this, Austal Ltd has implemented a range of energy management initiatives, including the use of smart meters and energy monitoring systems. The company has also invested in renewable energy sources, such as solar panels, to generate clean energy and reduce its reliance on fossil fuels.

Corporate Power Purchase Agreements (PPAs) are a key tool for Austal Ltd in its efforts to transition to renewable energy. PPAs allow the company to purchase renewable energy directly from a renewable energy provider, providing a reliable and cost-effective source of clean energy. Austal Ltd has signed several corporate PPAs, including a 15-year agreement with a solar farm in Queensland, which will provide the company with 100% renewable energy for its Australian operations.

Renewable energy is a core focus for Austal Ltd, and the company is committed to increasing its use of clean energy sources. In addition to its corporate PPAs, Austal Ltd has also invested in renewable energy projects, including the installation of solar panels at its shipyards in the Philippines and Vietnam. The company is also exploring the use of other renewable energy sources, such as wind and hydro power, to further reduce its carbon footprint.

Austal Ltd's commitment to sustainability and decarbonisation is reflected in its operations and corporate culture. The company has implemented a range of sustainability initiatives, including waste reduction and recycling programs, and has established a sustainability committee to oversee its sustainability strategy. Austal Ltd also encourages its employees to adopt sustainable practices, such as using public transport or cycling to work, and provides training and education on sustainability issues.

In conclusion, Austal Ltd is a leading player in the shipbuilding industry, with a strong commitment to sustainability and decarbonisation. The company's focus on renewable energy, energy efficiency, and corporate PPAs is helping to reduce its carbon footprint and promote sustainable practices across its operations. As the world transitions to a low-carbon economy, Austal Ltd is well-positioned to lead the way in sustainable shipbuilding and contribute to a more sustainable future.

✓ Declared Net Zero commitment