The Star Entertainment Group Limited
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STAR ENTERTAINMENT GRP LTD/T is a leading Australian entertainment company that operates in the casinos sector. The company was founded in 1995 and has since grown to become one of the largest casino operators in Australia. STAR ENTERTAINMENT GRP LTD/T operates three major casinos in Australia, including The Star Sydney, The Star Gold Coast, and Treasury Brisbane.
The company has a strong commitment to sustainability and has implemented a number of initiatives aimed at reducing its carbon footprint and promoting renewable energy. One of the key initiatives that STAR ENTERTAINMENT GRP LTD/T has implemented is decarbonisation. This involves reducing the amount of carbon emissions that the company produces through its operations. The company has set a target to reduce its carbon emissions by 30% by 2025, compared to its 2018 baseline.
To achieve this target, STAR ENTERTAINMENT GRP LTD/T has implemented a number of measures, including energy-efficient lighting and HVAC systems, as well as the use of renewable energy sources. The company has also implemented a corporate energy strategy, which involves the monitoring and management of energy consumption across all of its operations. This strategy has helped the company to identify areas where energy consumption can be reduced and to implement measures to achieve these reductions.
Another key initiative that STAR ENTERTAINMENT GRP LTD/T has implemented is the use of corporate power purchase agreements (PPAs) for renewable energy. PPAs are agreements between a company and a renewable energy provider, which allow the company to purchase renewable energy at a fixed price for a set period of time. By using PPAs, STAR ENTERTAINMENT GRP LTD/T is able to secure a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects.
STAR ENTERTAINMENT GRP LTD/T has signed a number of corporate PPAs for renewable energy, including a 15-year agreement with the Sapphire Wind Farm in New South Wales. This agreement will provide the company with 100% of its electricity needs at The Star Sydney, making it the first integrated resort in Australia to be powered by renewable energy. The company has also signed a 12-year agreement with the Murra Warra Wind Farm in Victoria, which will provide renewable energy to The Star Gold Coast and Treasury Brisbane.
In addition to these initiatives, STAR ENTERTAINMENT GRP LTD/T is also committed to reducing waste and promoting sustainable practices across its operations. The company has implemented a number of waste reduction initiatives, including the use of compostable and biodegradable packaging, as well as the recycling of food waste and other materials. The company has also implemented a sustainability education program for its employees, which aims to raise awareness about sustainability issues and promote sustainable practices in the workplace.
Overall, STAR ENTERTAINMENT GRP LTD/T is a leading Australian entertainment company that is committed to sustainability and promoting renewable energy. Through its decarbonisation initiatives, corporate energy strategy, and use of corporate PPAs for renewable energy, the company is working to reduce its carbon footprint and promote a more sustainable future. With its strong commitment to sustainability and innovative approach to energy management, STAR ENTERTAINMENT GRP LTD/T is a leader in the Australian entertainment industry and a role model for other companies looking to reduce their environmental impact.