NT News

Renewables to power Boral to net zero


BORAL will shift to renewable energy sources and explore carbon capture and storage technologi­es on its path to slash its carbon emissions this decade and achieve net zero by 2050.

The building products supplier is targeting a 46 per cent cut in scope 1 and 2 emissions by 2030, as well as a 22 per cent decline in scope 3 emissions, but pointed to the need for new and emerging technologi­es to help get it to its 2050 goal.

CEO Zlatko Todorcevsk­i said Boral would become a leading innovator in sustainabi­lity as it took steps to cut emissions.

“As Australia’s largest integrated constructi­on materials company, we have a unique opportunit­y to lead the way to make a meaningful contributi­on to build greener cities and create a net-zero future,” he said.

“We are proud to be the first company in the cement sector to set science-based targets aligned with a 1.5C pathway for Scope 1 and 2 emissions.

“We are redefining Boral’s strategy to become a leading innovator in sustainabi­lity by decarbonis­ing our cement and other constructi­on materials businesses and embedding a more circular economy approach.”

The cement supplier’s decarbonis­ation pathway includes a shift to renewable energy sources, and expanding its lower-carbon concrete offerings, as well as optimising supply chain logistics and routes, exploring alternativ­e fuel fleet options and prioritisi­ng lower carbon-intensity suppliers.

Cement is seen as a major contributo­r to climate change, accounting for about 8 per cent of global CO2 emissions, according to a British report.

“Collective­ly, our decarbonis­ation efforts aim to achieve carbon neutrality by no later than 2050 and deliver future growth by reshaping our business to be a leader through decarbonis­ation,” Mr Todorcevsk­i said. “We have a clear line of sight to deliver on our 2030 targets. Just how we achieve our 2050 ambitions will depend on further developmen­t and commercial viability of new and emerging technologi­es.”

 ??  ?? Zlatko Todorcevsk­i.
Zlatko Todorcevsk­i.

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