Renewable energy company Drax is excited to announce the launch of its new sustainability framework. This will allow the company to deliver on its global sustainability targets and to enhance the way it manages its efforts to be climate, nature, and people positive.
As part of this approach, a new sustainability framework has been developed in consultation with a wide range of stakeholders, including representatives from the scientific community, academics, employees, investors and eNGOs (environmental non-government organizations).
The sustainability framework includes 26 specific, measurable, and time-bound targets which will guide the business’ approach, helping to further improve how it interacts with key issues such as emissions reduction, forestry, biodiversity, water efficiency, and supporting local communities.
Some of the key initiatives in the framework include continued community giving focused on providing STEM education and green skills training for people in underserved communities in the regions where Drax operates. Drax will also implement nature positive action plans for their sites and develop plans for Drax’s priority biomass sourcing areas to help nature thrive by the end of 2030. Drax will also continue to develop and evaluate options to permanently remove carbon from the atmosphere via Drax’s carbon removals projects.
“Our new sustainability framework signals a significant change in the way Drax manages its impact on the environment, communities and nature,” said Miguel Veiga-Pestana, Drax Group Chief Sustainability Officer. “Throughout the process we have listened to and learned much from the wide variety of stakeholders who have helped us develop this plan, which will be key to helping to ensure Drax can provide renewable biomass power generation as sustainably and responsibly as possible for years to come.”
Central to the sustainability framework is Drax’s ambition to reach net zero across its value chain by the end of 2040, including steps aimed at decarbonizing its supply chains to prioritize the low carbon delivery of biomass fibre to Drax Power Station and moving forward with renewable power sources for its pellet plants.
To learn more about Drax’s corporate sustainability framework, visit Our Approach – Drax Global.
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Contact Information:
Michelli Martin
Communications Manager, US
318-372-3988
[email protected]
About Drax
Drax Group’s purpose is to enable a zero carbon, lower cost energy. Our strategic aims are to be a global leader in both carbon removals and sustainable biomass pellet production, and to be a leader in dispatchable, renewable generation.
Drax’s approximately 3,000 global employees operate across three principal areas of activity – electricity generation, electricity sales to business customers and compressed wood pellet production and supply to third parties. For more information, visit www.drax.com.
