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Beach has come with the realisation that changing
times allow the opportunity for a fresh perspective.
The long term viability of our business depends
on sustainable environments and communities in
which we operate. Recognising this, we reviewed and
refreshed our Purpose from: ‘Delivering sustainable
growth in shareholder value’ to ‘Sustainably deliver
energy for communities.’ The refreshed Purpose will
further help us embed practices and encourage
innovation to help produce hydrocarbons with a
sustainability lens.
Message from the We undertook a review of greenhouse gas emissions
across our assets to understand where and how
we could make the biggest impact in emissions
Managing Director reduction. More importantly, we publicly committed
to an ambitious ‘25 by 25’ emissions reduction target
of reducing our absolute emissions by 25 percent
Dear Readers, by FY25.
I am pleased to present the Beach Energy We continued to progress our work to ensure
Sustainability Report for FY20. compliance with the Commonwealth’s Modern
Slavery Act 2018 and improve transparency around
The second half of FY20 was overshadowed by our tax contributions by publishing a tax policy and
devastating bushfires across Australia and then the Tax Contribution Report on our website.
COVID-19 pandemic which is unlike anything our
globalised world has experienced recently. Whilst the We conducted an employee engagement survey
Australian and New Zealand governments responded which saw substantial improvement over last
promptly to curtail the spread of the coronavirus, our year’s survey results, and developed a Workplace
Crisis Management and Business Continuity Teams Giving program, providing our employees with the
swiftly sprang into action to ensure the safety of our opportunity to contribute to social change.
employees as well as minimal disruption to business These are only some of the highlights from FY20.
activities. Like other companies, we had to quickly As you read through this report further, I invite
adapt to change and transition our office-based you to provide your thoughts and comments via
employees to work from home for the foreseeable sustainability@beachenergy.com.au.
future, and we moved fast which is a reflection of the
Beach culture and adaptability of our employees. Matt Kay
Managing Director
Beach has not been immune to the effects of the
pandemic as reflected by volatility in the price of
crude oil and natural gas. Needless to say, we had to
make some very difficult decisions that have included
the prudent deferral of a significant portion of our
work program. 19 October 2020
Despite this, Beach has managed to remain resilient
and maintain a focus on improving efficiencies during
these challenging times. The biggest achievement for
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Beach Energy Sustainability Report l October 2020
