Boral Limited
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Boral Limited is an Australian-based multinational company that operates in the building materials sector. The company was founded in 1946 and has since grown to become one of the largest building materials companies in the world, with operations in Australia, Asia, North America, and the Middle East. Boral Limited is committed to sustainability and has made significant strides in decarbonisation, corporate energy, corporate PPA, and renewable energy.
Decarbonisation is a key focus for Boral Limited, and the company has set ambitious targets to reduce its carbon emissions. In 2019, Boral Limited announced its commitment to a 30% reduction in Scope 1 and 2 emissions by 2030, compared to 2018 levels. The company has also committed to a 50% reduction in Scope 3 emissions by 2030. Boral Limited is taking a multi-faceted approach to decarbonisation, including investing in renewable energy, improving energy efficiency, and exploring low-carbon technologies.
Corporate energy is another area of focus for Boral Limited. The company is committed to reducing its energy consumption and improving energy efficiency across its operations. Boral Limited has implemented a range of initiatives to achieve this, including investing in energy-efficient equipment, implementing energy-saving measures in its buildings, and conducting energy audits to identify areas for improvement. The company has also implemented a range of employee engagement programs to encourage staff to reduce energy consumption and improve energy efficiency.
Corporate PPA (Power Purchase Agreement) is another area where Boral Limited is making significant progress. A PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for electricity over a set period. Boral Limited has signed a number of PPAs with renewable energy providers, which has allowed the company to reduce its carbon emissions and lower its energy costs. In 2020, Boral Limited signed a 12-year PPA with a wind farm in New South Wales, which will provide the company with 50% of its energy needs in Australia.
Renewable energy is a key part of Boral Limited's sustainability strategy. The company has set a target to source 50% of its energy needs from renewable sources by 2025. Boral Limited has invested in a range of renewable energy projects, including wind, solar, and hydroelectric power. The company has also implemented a range of energy storage solutions, including battery storage and pumped hydro storage, to ensure a reliable and consistent supply of renewable energy.
In addition to its sustainability initiatives, Boral Limited is also committed to corporate social responsibility. The company has implemented a range of programs to support the communities in which it operates, including initiatives to support education, health, and the environment. Boral Limited is also committed to promoting diversity and inclusion within its workforce, and has implemented a range of programs to support this.
Overall, Boral Limited is a leading company in the building materials sector, with a strong commitment to sustainability and corporate social responsibility. The company's focus on decarbonisation, corporate energy, corporate PPA, and renewable energy has allowed it to make significant progress towards its sustainability goals, while also reducing its energy costs and improving its bottom line. Boral Limited's commitment to sustainability and corporate social responsibility is a testament to its leadership and vision for a more sustainable future.