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BRADKEN LIMITED ANNUAL REPORT 2013 3
Bradken Limited
Directors' report (continued)
30 June 2013
A. General information (continued)
Likely developments and expected results of operations
Environmental regulation
Greenhouse gas and energy data reporting requirements
The Group's operations are subject to significant environmental regulation under both Commonwealth and State legislation
governing, amongst other things, noise, air emissions, the use, handling, and disposal of hazardous substances and waste. The
Group has devoted and will continue to devote resources to environmental compliance and management in each of the
jurisdictions in which it operates.
In Australia, the
National Greenhouse and Energy Reporting Act 2007
requires the group to report its annual Australia wide
greenhouse gas emissions and energy use from large and small facilities. The data is collected at the end of the financial year
and entered into the government website as required. Bradken continues to meet its obligations under this act.
The United Kingdom sites signed the
UK Climate Change Agreements
taking effect from 1st April 2013. This requires the
foundries to reduce energy intensity by 3.4% by 2020 with reporting periods every 2 years from December 2014. There are
possible changes with the UK carbon tax system that may exempt the metals sector. Bradken continues to meet its obligations
under this act.
In the United States, Bradken Atchison will be reporting its GHG emissions as it exceeds the US Greenhouse Gas Reporting
Rule threshold of 25,000 tpa CO2e. Other US sites do not exceed this threshold. Bradken Atchison is also participating in the US
Dept of Energy Better Plants program with a pledge to reduce energy intensity by 25% over 10 years.
None of the Bradken Canadian facilities exceed the 50,000 t CO2e threshold for reporting under the Canadian GHGRP program.
An environmental management system is in place which complies with the international standard ISO14001 in major sites in
Australia, the UK and New Zealand, while the US and China operate under local legal compliance requirements equivalent to
ISO14001. It is Group policy to be environmentally proactive and to adopt practices that minimise adverse environmental
impacts and to communicate and provide appropriate feedback on the Group's environmental performance. In accordance with
the Group's environmental policy, procedures and goals have been established aimed at ensuring:
Further disclosure on likely developments in the operations of the Group and the expected results of operations have not been
included in this report because the directors believe it would be likely to result in unreasonable prejudice to the Group.
Additional comments on expected results of certain operations of the group are included in this annual report under the
Operating and Financial Review section on pages 13 to 15.
In Australia, Bradken is currently carrying out energy assessments in compliance with the
Energy Efficiency Opportunities Act
2006.
This includes the identification, investigation and evaluation of energy saving opportunities. Another requirement is to
complete an Energy Mass Balance. By benchmarking energy and raw material consumption efficiency across the foundries, a
range of cost saving opportunities have been identified. Bradken is required to report publicly (via the Bradken website) on the
assessments undertaken, including what action the Group intends to take as a result. The Group continues to meet its
obligations under this Act.
There are no mandatory GHG or energy reporting requirements that apply to Bradken operations in China, Malaysia or New
Zealand.
all manufacturing and engineering sites have developed, implemented, and maintain environmental management systems
meeting the requirements of ISO14001
continuing reduction of industrial waste disposal costs by continual improvement of working practices, such as cleaner
production and improved recycling.
Based upon the results of inquiries made, the Board is not aware of any significant breaches during the period covered by this
report nor does it consider the Group is subject to any presently known material environmental liabilities. Under agreements with
local authorities capital expenditure is required at some Australian sites to reduce dust and odour emissions.
the environmental management systems are integrated with the existing business systems
zero notifiable incidents and zero justified neighbourhood complaints
In Australia, the energy related requirements have corporate thresholds and Bradken Group companies are subject to the
reporting requirements of the
Energy Efficiency Opportunities Act 2006
and the
National Greenhouse and Energy Reporting Act
2007
and site thresholds for the
National Pollutant Inventory
. Bradken site emissions are below the carbon tax criteria so
Bradken is not liable to purchase carbon permits directly and pays the carbon tax via increased energy prices.
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