We are progressing our social and environmental performance, and expanding our public disclosure, so that our customers, our people and our communities can be confident that we are moving towards a sustainable future.
Transgrid’s approach to sustainability brings our Vision and Purpose to life. As the owner of Australia’s most critical electricity network, we are on the frontline of sustainable development, leading the nation’s transition to a clean energy future.
In recent years, Transgrid has taken significant steps to increase the sophistication and impact of our approach to managing Environmental, Social and Governance (ESG) issues to better support our Vision and Purpose.
An important step was completing an independent materiality assessment to identify and prioritise our ESG issues. This impartial assessment was conducted with the support of an external consultant and adhered to the requirements of the Global Reporting Initiative (GRI) standards, the International Integrated Reporting Framework and the Sustainability Accounting Standards Board standards.
Our Sustainability Goals are aligned to the top three issues from the assessment and are the focus of our inaugural sustainability program.
We are currently refreshing the materiality assessment to ensure a fit-for-purpose sustainability strategy in the evolving ESG landscape.
Highlights of our progress
- Rolled out credible and ambitious long-term greenhouse gas emission (GHG) reduction targets to build on our leadership in the energy transition.
- Commenced construction of the Project EnergyConnect, to deliver the first new electricity interconnector between Australian states in 15 years, enabling integration of renewables in south-west NSW.
- Developed a System Security Roadmap to support the transition.
- Lumea facilitated the penetration of electric vehicles through a collaborative project to transform the Leichhardt bus depot to an electric depot.
- Establishing independent Community Consultative Groups to provide local communities and landowners with a structured, ongoing forum to provide input about HumeLink.
- Implemented a Landowner Assistance Program to provide confidential, independent support and counselling services to landowners affected by Transgrid’s work.
- Ran our first pre-apprenticeship program for women in partnership with Belmont TAFE in the Hunter Valley.
- Offered electrical engineering scholarships for Aboriginal and Torres Strait Islander students through partnerships with University of Technology Sydney (UTS).
- Awarded a 2022 (FY21) 4-star GRESB Infrastructure ESG benchmark rating with a score of 93/100, ranking third out of nine electricity transmission companies globally.
We launched our inaugural Sustainability Report in FY22 which highlights our performance in managing environmental, social and governance issues.