Sustainability - what does it mean to us?
We know that resource extraction can be a complicated and controversial business, and that we will have an impact on the environment. But it’s how we respond that matters – in the safest, most respectful, and most sustainable way possible.
That’s why we are driven by a genuine commitment to provide positive outcomes for our employees, shareholders, local communities, and importantly the environment that we all share.
The demand for coal
Coking coal is an internationally strategic mineral – at present there is no known alternative for steel production. And steel is an integral component that underpins the goods and services of so many industries: construction, telecommunications, healthcare, agriculture, transport, utilities (water, power, energy etc), infrastructure, and more.
Our West Coast coking coal resources are internationally sought after by steelmakers for their low ash, and high fluidity.
And domestically, our high-quality, thermal-grade coal is used to help drive the engines of many iconic New Zealand businesses.
Seeking a just transition
While we understand that a move away from thermal coal (for energy) is part of the future, we wish to see a just transition to allow a suitable timeframe for customers to transfer to other viable energy sources.
We will continue to manage our extraction of this finite resource in a safe and sustainable manner, taking actions to reduce our operational emissions and minimise our environmental footprint.
Basis of preparation
This sustainability section reports on our sustainability performance as related to our material topics. These are the same material topics as reported against in last year’s annual report sustainability supplement.
This years’ reporting is the first complete 12 month data set for all sites as acquisition of our three largest sites Stockton, Rotowaro and Maramarua occured in September 2017. For this reason, and also because the way the data is captured has been improved, prior year comparative graphs are not included.
In producing this content, the Global Reporting Initiative (“GRI”) has been used as a guiding framework; however, we make no claim that this sustainability section has been prepared in accordance with GRI. Note that the content and numbers represented in this section have not been externally audited.