The report highlights Beach Energy's commitment to sustainable and safe energy security for Australia and New Zealand, particularly in the transition to a lower carbon future. Key highlights include the announcement of a new equity emissions reduction target - to reduce the company's scope 1 and 2 emissions intensity by 35% by 2030, benchmarked against 2018 levels. The report also outlines Beach's investment in the Moomba Carbon Capture and Storage (CCS) project, which is targeting storage of up to 1.7 million tonnes of carbon dioxide annually in depleted Cooper Basin reservoirs once commissioned in 2024. In addition, the report details the company's commitment to supporting local communities through investments and partnerships, as well as its focus on the health, safety, and wellbeing of its workforce. The report also provides data on Beach's environmental performance, including the successful completion of the Otway Basin drilling campaign without affecting the behaviour of blue whales and the company's commitment to protecting and restoring coastal wetlands through a partnership with Deakin University's Blue Carbon Lab.
