Energy and Emissions Management

Managing energy consumption and greenhouse gas (GHG) emissions is a high priority for Evolution as we continue to focus on our climate-related risks and opportunities. We monitor transition risk in relation to energy and emissions regulations through climate policy advocacy with a proactive approach to resource efficiency and energy planning. When measuring our emissions performance Evolution applies a location-based method (Greenhouse Gas Protocol) which reflects the average emissions intensity of grids on which energy consumption occurs. Detailed monthly capture and analysis of our energy and emissions performance is conducted in alignment with the Evolution Sustainability Performance Standards. Our Net Zero commitment was based on the baseline data derived from an aggregate of all Evolution assets’ emissions profile in FY20. The baseline has since been recalculated due to the divestment of Cracow and acquisition of Red Lake and Kundana assets. This adjustment is reflected below in our emissions performance. Operations are proactively engaged in achieving our medium term and long-term emissions targets through understanding their carbon footprint, developing industry partnerships and investigating technology pathways as outlined in the ‘Climate Risk’ section. We take a long-term view of emissions reduction with the first milestone commitment of 30% reduction in CO2-e by 2030 (FY20 baseline). With this understanding Evolution acknowledges that our journey will require sustainable operations focussing on periods of development and construction paired with wholesale change in the process introduced though the technology pathway program. Read about our FY21 performance here Read our Net Zero Commitment here