Measuring performance and setting targets
APA regularly monitors its carbon emissions and complies with the National Greenhouse and Energy Reporting scheme (NGERs) obligations for reporting emissions data. This data is also incorporated into an in-house model to forecast any long-term financial impacts associated with any future potential carbon policies. In addition, APA voluntarily participates in the Carbon Disclosure Project (CDP) annually.
APA’s emissions are mainly the result of power generation activities, the combustion of natural gas in compressor stations and from fugitive emissions. In FY2016, APA reported direct scope 1 emissions of 1,084,236 tonnes of carbon dioxide equivalent (tCO2-e). The increase in Scope 1 emissions in FY2016 over FY2015 (350,922 tCO2-e) was due to moving to full ownership of DPS, as well as an increase in the amount of gas transported on APA’s East Coast Grid due to the evolving of a more dynamic east coast gas market. Indirect Scope 2 from purchased electricity consumption represents only 2% of APA’s total emissions, and was largely unchanged from FY2015. Refer Section 11.4 of the Directors’ Report for further information.
APA continues discussions with the Department of Climate Change to formulate an appropriate method of emissions measurement for the gas industry.
APA has successfully executed a growth strategy over the past decade or so. The continued development and innovation of APA’s asset footprint and operations makes it difficult to set a meaningful baseline for establishing an emissions reduction target. Further, due to the considerable level of current policy uncertainty in Australia, direction on how Australia will achieve its Paris Agreement pledge for a 26% to 28% reduction is unclear. Policy certainty will provide a material carbon price signal, on which APA can then establish a meaningful emissions reduction target across our asset base.
Our near term focus is on serving Australian communities by delivering reliable, clean energy solutions. Furthermore, operational efficiencies and economies of scale achieved from APA’s infrastructure footprint have been evident and contribute to emissions efficiency.
APA will continue to pursue ongoing reductions in carbon emissions as part of its objective to contribute to Australia’s long term carbon reduction future.
 APA complies with the Commonwealth National Greenhouse and Energy Reporting Act 2007 which establishes a national framework for corporations to report greenhouse emissions, energy consumption and production should specific thresholds be met
 APA participated for the seventh time in the Carbon Disclosure Project, a voluntary disclosure to investors on carbon emissions, liability, reduction activities, strategies and management. APA’s overall score of B- ranked highest amongst its direct peers