Frontier Energy has commenced several Sustainability, Environmental, Social and Governance (ESG) initiatives and plans to release its inaugural sustainability report mid-year. 

The company says setting a high standard in all its ESG activities and reporting is the foundation for the sustainable and responsible development of its Bristol Springs Green Hydrogen Project in Western Australia.

Frontier Energy (ASX:FHE) completed a Pre-Feasibility Study that outlined the Project’s potential to be both an earlier mover and one of the lowest cost green hydrogen assets in Australia. It’s set to release a Definitive Feasibility Study by mid-2023.

Notably, the project benefits from its unique location surrounded by major infrastructure, which reduces operating and capital costs compared to more remote hydrogen projects, whilst also being surrounded by likely early adopters into the hydrogen industry in the transition from fossil fuels.

Sustainability committee established

To ensure standards are set and maintained at the highest level, the company has formed a sustainability committee, has in place a sustainability committee charter and has employed an ESG manager in Amy Sullivan, who has 20 years of environmental, approvals, community engagement and sustainability experience.

“The establishment of the sustainability committee, appointment of an ESG manager and development of the company’s inaugural sustainability report this year strongly reflect Frontier’s sustainable and ethical best practice approach to everything we do,” ESG committee chair Amanda Reid said.

“As a clean energy solution company, how we look after our community and the environment is at the forefront of all of our decisions.

“It is a responsibility we want to ensure we deliver on consistently.”

Frontier has also formalised a sustainability policy which empowers all directors, employees, contractors and relevant suppliers to implement continuous improvement and sustainable practices in everyday tasks and to establish the responsibilities for implementing sustainable systems.

Inaugural Sustainability Report by mid-2023

Due to current standard-setter and regulatory movements in both Europe and North America, the decision was made to draw reference from both Global Reporting Initiative (GRI) Standards and the United Nations (UN) Sustainable Development Goals (SDGs) when preparing Frontier’s inaugural Sustainability Report.

This is in line with global best-practice – and the expectation of the company’s stakeholders,

Frontier says establishing this sustainability foundation is a key step in delivering safe, reliable and sustainable clean energy solutions.

“The first step to achieve our objective will be through the release of our first Sustainability Report by mid-2023,” the company said.

Frontier also noted that, while it remains dedicated to reporting in a transparent and accountable manner, due to its current size and stage of development, it does not anticipate meeting the full reporting requirements of the selected frameworks until the company has progressed into the next phase of its operations.

 

 

 

This article was developed in collaboration with Frontier Energy, 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.

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