While the roadmap under development will deliver specific tactics to meet Bradken's target of carbon neutrality by 2030, the strategy has already been divided into three key workstreams.
Our business is energy-intensive, and there's no way to work around that. Foundries need a significant amount of energy to work. Anything less comes at the cost of quality and safety. However, there are smarter ways that we can explore to optimise our energy usage. For any capital investments, we're investing in projects at our facilities that support our 2030 goal.
Our employees, customers, shareholders and communities are just as passionate as we are about our planet. We engage with our employees around sustainability training and actively encourage them to identify and share any opportunities for improvement. Meanwhile, we'll share our successes and learnings with our customers and the industry to help them on their journey to becoming carbon neutral.
As energy contracts come up for renewal, sourcing and procuring renewable sources of electricity are a top priority. In addition, where renewable energy sources are needed above what can be provided through local utilities, we aim to be part of the solution. One such example of this is at our Mont Joli facility which was built to rely entirely on hydropower. We are also investigating opportunities to generate energy at our manufacturing facilities cost-effectively.
Our Mill Liners are already helping towards our 2030 Carbon Neutral goal through;
Energy Sourcing - 75% now sourced from renewable resources e.g. wind, solar, hydro.
Mill Liner Recycled Material - >98% of our mill liners is from returned liners and recycled materials.