Not surprisingly, climate change, carbon emissions and energy efficiency remain the primary environmental issues of focus for stakeholders, and with fuel as an important emerging issue, due to their perceived high impact on our business – high fuel costs, increasing regulations such as the emergence of different Emissions Trading Schemes, the development of a global market-based measure, and impact on the environment. In particular, there are expectations on role that biofuels will play in helping us achieve our emissions goal. Climate change has been a material issue for us for a long time, and stakeholders recognise that we have been addressing this as a priority, but at the same time, expect us to adopt targets that exceed the industry ones.

There is an expectation for us to further enhance transparency and communication around our climate change approach, especially with staff, and for us to engage more proactively and publicly on this issue.