Ampol Limited (ASX:ALD) is an independent Australian company and the nation’s leader in transport fuels.
We supply the country’s largest branded petrol and convenience network as well as refining, importing and marketing fuels and lubricants. We have a deep history spanning over 120 years, having grown to become the largest transport fuels company listed on the Australian Securities Exchange (ASX).
Ampol supplies fuel to around 80,000 customers in diverse markets across the Australian economy, including defence, mining, transport, marine, agriculture, aviation and other commercial sectors. Across our retail network, we serve more than three million customers every week with fuel and convenience products.
“Put your customers at the heart of decision making to develop a product that meets their needs.”
Type of certification
How long have you been certified carbon neutral?
Since August 2021.
Why did you choose to go carbon neutral?
Carbon mitigation forms a key part of our Future Energy and Decarbonisation Strategy, and the introduction of our carbon neutral fuel option will enable us to evolve our offering to support the changing needs of customers.
What are the anticipated benefits of your carbon neutral certification?
The carbon neutral fuel option offers our customers a fast, flexible and transparent solution that can help them reduce their emissions to achieve their sustainability targets.
What offset project do you support?
We have selected a portfolio of Australian and international projects.
Why did you choose these projects?
Our project portfolio consists of high-quality projects that have been assessed based on the co-benefits they deliver to the environment and communities.
Our Australian portfolio features projects that are based in regional areas across different states. They are all nature-based solutions aimed not only at reducing emissions from the atmosphere, but also delivering native forest, flora and fauna protection and promoting Australian biodiversity. These projects also support regional farming communities with an income.
The international projects are also of a high standard. The portfolio is a good combination of nature-based solutions, community projects and clean energy with tangible benefits to the planet and communities.
How can your customers support you?
Customers can support this cause by opting-in to offset their emissions via our program for B2B customers. Our customers, communities and stakeholders can also support by educating others about the tangible benefits of carbon offset programs for communities in Australia and across the globe.
What else are you doing to reduce emissions?
In May 2021, Ampol released its Future Energy and Decarbonisation Strategy detailing our ambition to achieve net zero operational emissions (Scope 1 and 2 emissions) by 2040 and working with our customers on Future Energy solutions to help them transition and work towards their emission reduction goals. We have committed to a minimum $100 million investment in Future Energy projects to 2025.
We have set interim operational emission reduction targets for 2025 and 2030.
By 2025, our Fuels and Infrastructure business is committed to reducing operational emissions intensity by 5% from 2021 levels, our Convenience Retail business has committed to reducing operational emissions on an absolute basis by 25% from 2021 levels. We have also committed to 40% equivalent net renewable electricity for operational use by 2025.
By 2030 our Fuels and Infrastructure business has committed to reducing operational emissions intensity by 10% from 2021 levels, our Convenience Retail business has committed to reducing operational emissions on an absolute basis by 50% from 2021 levels and we committed to 50% equivalent net renewable electricity for operational use.
What has been the impact of your action?
An uptake of 1% of this carbon neutral option would mean a reduction of over 45,000 tonnes of CO2 of our B2B customers.
What advice would you give to a business considering certification?
Put your customers at the heart of decision making to develop a product that meets their needs.