Wesfarmers Ltd. is a leading Australian conglomerate that operates in various industries, including retail, chemicals, and energy. The company was founded in 1914 and has its headquarters in Perth, Western Australia. Wesfarmers is one of the largest companies in Australia by revenue, with a market capitalization of around AUD 63 billion as of 2021.

Wesfarmers operates several retail brands in Australia, including Bunnings Warehouse, Kmart, Target, and Officeworks. Bunnings Warehouse is the company's flagship brand and is the leading home improvement retailer in Australia and New Zealand. The brand operates over 270 stores across Australia and New Zealand, offering a wide range of products, including hardware, garden supplies, and home decor.

In recent years, Wesfarmers has been focusing on decarbonisation and renewable energy to reduce its carbon footprint and contribute to the fight against climate change. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy sources.

Corporate Energy and Decarbonisation

Wesfarmers is committed to reducing its carbon footprint and has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to its 2020 baseline. The company has also committed to achieving net-zero emissions by 2050. To achieve these targets, Wesfarmers is implementing various initiatives to reduce its energy consumption and increase its use of renewable energy.

One of the key initiatives undertaken by Wesfarmers is the implementation of energy-efficient technologies and practices across its operations. The company has invested in energy-efficient lighting, heating, and cooling systems, as well as in renewable energy technologies such as solar panels and wind turbines. These initiatives have helped the company reduce its energy consumption and greenhouse gas emissions significantly.

Corporate PPA and Renewable Energy

Wesfarmers has also been investing in renewable energy to reduce its reliance on fossil fuels and increase its use of clean energy sources. The company has signed several power purchase agreements (PPAs) with renewable energy providers to source renewable energy for its operations.

In 2019, Wesfarmers signed a corporate PPA with Neoen Australia, a renewable energy company, to source renewable energy from the Kaban Green Power Hub in Queensland. The PPA will provide Wesfarmers with around 100 GWh of renewable energy per year, which is equivalent to the energy consumption of around 17,000 households. The project is expected to reduce Wesfarmers' greenhouse gas emissions by around 100,000 tonnes per year.

Wesfarmers has also invested in renewable energy projects, including wind and solar farms, to increase its renewable energy capacity. In 2020, the company invested in the MacIntyre Wind Farm in Queensland, which is expected to be one of the largest wind farms in Australia. The project will have a total capacity of 1,026 MW and is expected to generate around 3.5 TWh of renewable energy per year, which is equivalent to the energy consumption of around 700,000 households.

Conclusion

Wesfarmers is a leading Australian conglomerate that operates in various industries, including retail, chemicals, and energy. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy sources. Wesfarmers is implementing various initiatives to reduce its energy consumption and increase its use of renewable energy, including the implementation of energy-efficient technologies and practices, the signing of corporate PPAs with renewable energy providers, and the investment in renewable energy projects such as wind and solar farms. These initiatives demonstrate the company's commitment to decarbonisation and renewable energy and its contribution to the fight against climate change.