GrainCorp Ltd-A is a leading Australian agribusiness company that operates in the Grain and Oilseed Milling sector. The company is headquartered in Sydney, Australia, and has operations across Australia, New Zealand, Asia, Europe, and North America. GrainCorp is primarily engaged in the storage, handling, and marketing of grains, oilseeds, and pulses, and provides logistics and supply chain solutions to customers in the food, beverage, and animal feed industries.
GrainCorp has a strong commitment to sustainability and environmental responsibility, and has set ambitious targets to reduce its carbon footprint and promote decarbonisation. The company recognizes the urgent need to transition to a low-carbon economy and has taken several initiatives to reduce its greenhouse gas emissions and promote renewable energy.
One of GrainCorp's key initiatives in this regard is its Corporate Energy program, which aims to reduce the company's energy consumption and carbon emissions through energy efficiency measures and the use of renewable energy. The program includes a range of measures such as energy audits, energy management systems, and the installation of solar panels and wind turbines at its facilities.
GrainCorp has also entered into Corporate Power Purchase Agreements (PPAs) with renewable energy providers to source a significant portion of its energy needs from renewable sources. These agreements enable the company to lock in long-term contracts for renewable energy at a fixed price, which reduces its exposure to volatile energy prices and supports the development of new renewable energy projects.
In 2020, GrainCorp signed a 10-year PPA with the Bomen Solar Farm in New South Wales, which will supply the company with 100% renewable energy to power its operations in the region. The Bomen Solar Farm is a 120 MW solar project that will generate enough energy to power 45,000 homes and will reduce carbon emissions by 240,000 tonnes per year.
GrainCorp has also invested in renewable energy projects of its own, such as the installation of a 1 MW solar array at its Numurkah facility in Victoria. The solar array is expected to generate around 1.7 GWh of renewable energy per year, which is equivalent to the energy consumption of around 300 households.
In addition to its Corporate Energy program, GrainCorp has also taken several other measures to promote sustainability and reduce its environmental impact. The company has set a target to reduce its Scope 1 and 2 greenhouse gas emissions by 30% by 2030, and has implemented several initiatives to achieve this target.
One of these initiatives is the use of low-emission vehicles and equipment in its operations, such as electric forklifts and hybrid trucks. GrainCorp has also implemented a range of measures to improve the energy efficiency of its facilities, such as the installation of energy-efficient lighting and HVAC systems.
GrainCorp is committed to promoting sustainability and reducing its environmental impact, and its initiatives in the areas of decarbonisation, corporate energy, corporate PPA, and renewable energy demonstrate its leadership in this regard. The company recognizes the urgent need to transition to a low-carbon economy and is taking proactive measures to reduce its carbon footprint and promote renewable energy. As a leading agribusiness company, GrainCorp is well-positioned to drive positive change in the industry and contribute to a more sustainable future.