Published by Todd Bush on February 24, 2025
Renewable energy company Drax has announced an enhanced approach to deliver on its global sustainability targets and to enhance the way it manages its impact on the climate, nature and people.
24 February 2025
Renewable energy company Drax has announced an enhanced approach to deliver on its global sustainability targets and to enhance the way it manages its impact on the climate, nature and people.
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 organisations).
The plan includes 26 specific, measurable and time-bound targets which will govern 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.
Central to this is Drax’s ambition to reach net zero across its value chain by the end of 2040, including steps aimed at decarbonising its supply chains to prioritise the low carbon delivery of biomass fibre to Drax Power Station and moving forward with renewable power sources for its pellet plants.
>> In Other News: Trump's Energy 'Emergency' Sets Up Carbon Capture as a Solution
Key initiatives included in the new sustainability framework include:
Community giving focused on providing STEM education and green skills training for people in under-served communities in the regions where Drax operates.
Automating digital data gathering to improve sourcing governance and traceability in the company’s supply chain
Implement nature positive action plans for Drax’s sites and develop plans for Drax’s priority biomass sourcing areas to help nature thrive by the end of 2030.
Continue to develop and evaluate options to permanently remove carbon from the atmosphere via Drax and Elimini’s carbon removals projects.
Deliver biodiversity enhancements across all Drax sites and take action to support biodiversity and ecosystem resilience in Drax’s value chain by the end of 2030.
Working to represent the communities Drax operates in and prioritising health and safety for all Drax colleagues.
“Our new sustainability framework signals a significant change in the way Drax manages its impact on the environment, communities and nature. 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.”
“This launch is not the end of the process, however, it is just the start. In the coming months and years, the climate crisis will become more acute. The need for action will become greater, and the role of carbon removals will become even more important. That means we will have to work even harder to aim to ensure our operations help reduce humanity’s impact on the planet.”
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Inside This Issue 🌍 Innovating the Future: Gautam Swami's Global Journey in Low-carbon Energy and Finance 🌊 Captura Announces Sale of Carbon Removal Credits and Strategic Partnership With Mitsui O...
Inside This Issue 🏭 Verdagy Selects Black & Veatch for a Front-End Engineering Design (FEED) Study for Its 9,000 tons/year (60-megawatt) Clean Hydrogen Plant in Texas USA - English USA 🌊 Ocean...
Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion
OSLO, March 27 (Reuters) – Shell, Equinor, and TotalEnergies said on Thursday they will invest 7.5 billion Norwegian crowns ($713.66 million) into expanding their flagship carbon storage project in...
AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility
Knutsen NYK Carbon Carriers AS (KNCC), a subsidiary of Nippon Yusen Kabushiki Kaisha (NYK) and Knutsen Group, has obtained Approval in Principle (AiP) from ClassNK for the design of liquified CO₂ c...
Trump Administration Tells Oil and Biofuels Groups to Hash Out New Biofuel Policy
Trump administration asks Big Oil and Farm Belt to come to a consensus on biofuel policy Two meetings held so far, with consensus to seek higher biomass-based diesel volumes Other key issues...
Nel ASA: Receives Purchase Order From Collins Aerospace for U.S. Navy Stacks
OSLO, Norway, March 27, 2025 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for PEM electrolyser stacks for about USD 6 million from Collins ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.