The double A rating places Drax among the top 4% of companies who submit disclosures to CDP, demonstrating transparency and strong performance on climate and forestry. It follows the company’s upgraded CDP Forests score to A- last year, with the improvement to A List this year placing Drax in the top tier of eligible businesses.
Drax Group Chief Sustainability Officer, Miguel Veiga-Pestana said:
“Achieving a place on the CDP A List reflects the progress we are making and the high standards we aim to uphold at Drax. It is an important step on our journey but there is much more to do, and we remain focused on continuous improvement to ensure our operations support a sustainable, resilient future.”
The achievement reflects years of work to further improve how Drax manages emissions and natural resources across its operations and biomass supply chain. This includes work to to strengthen biomass sourcing and decarbonisation of our supply chains through low carbon shipping,
Drax’s Sustainability Framework, launched earlier this year, has played a key role in strengthening its strategy and performance. Developed with input from scientists, academics, investors, employees and environmental NGOs, the framework sets 26 measurable targets covering emissions reduction, forestry, biodiversity, water and community impact.
ENDS
Editor Notes
- CDP is a global non-profit that runs the world’s only independent environmental disclosure system.
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About Drax
Drax’s purpose is to enable a zero carbon, lower cost energy future. Our strategic aims are to be a global leader in both carbon removals and sustainable biomass pellet production, and to be a UK leader in dispatchable, renewable generation.
Our operations
Drax owns and operates a portfolio of flexible, low-carbon and renewable UK power assets – biomass, hydro, and pumped storage generation – which provide dispatchable power and system support services to the electricity grid.
We are the UK’s largest source of renewable power by output, and Drax Power Station is the UK’s largest single source of renewable electricity by output.
Through our pellet production facilities in North America, Drax is a leading integrated producer of sustainable biomass. Drax has 18 operational and development pellet production sites which will have a nameplate capacity of around 5.4 million tonnes once expansions are complete.
Drax supplies renewable electricity to UK industrial and commercial customers, offering a range of energy-related services including energy optimisation, as well as electric vehicle strategy and management.
