Orica Ltd is an Australian-based company that operates in the explosives sector. The company was founded in 1874 and has since grown to become a leading provider of commercial explosives and blasting systems. Orica's products and services are used in the mining, quarrying, construction, and oil and gas industries.

As the world shifts towards decarbonisation, Orica has recognised the importance of reducing its carbon footprint and investing in renewable energy. The company has set a target to reduce its greenhouse gas emissions by 30% by 2025, compared to its 2015 baseline. To achieve this goal, Orica has implemented a range of initiatives, including the use of renewable energy and energy efficiency measures.

One of Orica's key initiatives is its corporate energy program, which aims to reduce the company's energy consumption and costs. The program includes a range of measures, such as energy audits, energy-efficient lighting, and the installation of solar panels. Orica has also invested in energy-efficient equipment and processes, such as high-efficiency motors and compressors, to reduce its energy consumption.

In addition to its corporate energy program, Orica has also entered into corporate power purchase agreements (PPAs) for renewable energy. PPAs allow companies to purchase renewable energy directly from renewable energy generators, providing a stable and predictable source of renewable energy. Orica has signed PPAs for wind and solar energy, which will help the company to achieve its greenhouse gas emissions reduction target.

Orica's commitment to renewable energy and decarbonisation is also reflected in its investment in renewable energy projects. The company has invested in a range of renewable energy projects, including wind and solar farms, to support the development of renewable energy in Australia.

Orica's focus on renewable energy and decarbonisation is not only driven by its commitment to sustainability but also by the economic benefits of renewable energy. The company has recognised that renewable energy is becoming increasingly cost-competitive with traditional energy sources, and investing in renewable energy can help to reduce the company's energy costs in the long term.

In conclusion, Orica Ltd is a leading provider of commercial explosives and blasting systems, operating in the mining, quarrying, construction, and oil and gas industries. The company has recognised the importance of decarbonisation and is committed to reducing its greenhouse gas emissions and investing in renewable energy. Orica's initiatives, including its corporate energy program, corporate PPAs, and investment in renewable energy projects, demonstrate the company's commitment to sustainability and its recognition of the economic benefits of renewable energy.