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 ⚖️ Colorado Takes Over Class VI Permits: What Changes for CCS? 🏭 Hebei Shoulang Facility Using LanzaTech Technology Achieves World’s First ISCC EU RCF Certification for Ethanol P...
Inside This Issue ⚛️ Aternium Completes FEED Studies for US Hydrogen, Heavy Water Project 🐄 Google, McKinsey Strike Brazil Carbon Removal Deal With Silvopasture Project 🔧 Cummins Selects Stargate ...
Inside This Issue ⚡ JERA Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy 🔬 New CATF Tool Provides Framework for Self-Assessment and Strengthening of Biomass Carbon Remo...
Citi Closes $72 Million Carbon Removal-Linked Note to Support Applied Carbon Biochar Project
HIGHLIGHTS Citi structured an innovative $72 million carbon removal-linked note to provide upfront capital for Applied Carbon's biochar project, marking a first-of-its-kind "outcome bond" for ver...
New platform opens access to the same rigorous project evaluations trusted by the world's leading carbon removal procurement programs Today, Relae (formerly Carbon Direct) launched The Diligence C...
Inside BLM's 650,000-Acre Bet on Wyoming Carbon Storage
The Bureau of Land Management has offered right-of-way grants covering about 649,438 acres of federal pore space in southwest Wyoming. The September 21, 2026 offers went to Moxa Carbon Storage LLC ...
NEW YORK, BUSINESS WIRE, SWITCH Maritime (Switch), a leading developer of zero-emission vessels, secured a Design Basis Agreement (DBA) with the United States Coast Guard (USCG) for the SWITCH-150,...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.