Bioenergy player Delorean has been named as one of the Australian Financial Review’s Top 5 Sustainability Leaders.
Australian companies are now leading the charge of decarbonisation, but the challenge is to ensure that this can generate the sustainable returns required to attract capital and customers and incentivise suppliers and employees.
The AFR list highlights businesses that are tying purpose to profit by investing in innovative programs, products and initiatives that tackle pressing environmental and societal challenges.
Submissions were evaluated on value delivered for society, the environment, and the business and winners had to demonstrate leadership and impact on the business and the wider industry or market.
The company was awarded the place in the Resources, Energy and Utilities Category, an accolade that Delorean (ASX:DEL) believes provides a high level of credibility for its position as a truly green investment opportunity.
Objective assessment of ESG credentials
Delorean has been at the forefront of bioenergy in Australia since the company delivered its initial anaerobic digestion project in Jandakot in 2014 – the first facility of its kind in Australia to commercially process mass organic waste and to integrate it with a composter.
“Investors are increasingly demanding that companies demonstrate commitment to ESG principles and sustainability directives,” MD Joe Oliver said.
“From its early beginnings Delorean Corporation was founded on key Environment, Sustainability and Governance (ESG) principles.
“Pioneering Australia’s diversion of organics from landfill and delivering renewable gas, electricity and heat means that Delorean directly delivers on climate action and the clean energy transition.
“Delorean’s business is, at its core, truly sustainability focused.”
Not the first sustainability accolade
Delorean says this award, combined with its other independent assessments of sustainability, confirms a ‘significant degree of integrity’ to the company’s ESG position.
The company has commenced alignment with the Task Force on Climate Related Financial Disclosures (TCFD) standard, scoring highly on relevant UN Sustainability Goals.
Sustainable Platform has also awarded Delorean an Environmental ranking in the top 1% of companies across the world, and top 2% of companies across the world on Sustainable Technology.
Cutting 1.6mt of carbon dioxide per annum
Delorean continues to invest in constructing and operating large-scale bioenergy plants that divert organic landfill and reuse agricultural residue to deliver green energy behind the meter.
The company is also arranging finance for projects that will deliver green energy into existing infrastructure and offer discrete green power solutions.
Per annum these pipeline projects will cut approximately 1.6 million tonnes of carbon dioxide and divert approximately 1.5 million tonnes of organic waste from landfill “significantly contributing to decarbonisation and a circular economy process whilst monetising the process for investor benefit,” the company says.
This article was developed in collaboration with Delorean Corporation, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.