SBS has committed to a ten-year renewable energy power purchase agreement (PPA) with ZEN Energy, providing price certainty for SBS and establishing a model for decarbonising the media industry.
ZEN Energy will supply SBS’s New South Wales and Victoria-based operations with 100 per cent renewable energy over the next ten years with large-scale generation certificates (LGCs) uniquely paired with the 226.8MW Collector Wind Farm in New South Wales.
SBS is the first Australian media organisation to switch to 100 per cent renewable energy in FY23. This commitment will now be achieved in the long-term through the ten-year agreement with ZEN.
SBS has set the most ambitious target of any Australian media outlet, to reach net zero across scope 1, 2 and 3 emissions by 2045. SBS has also partnered with Scope3 to measure emissions from advertising technology, affording advertising clients greater transparency of carbon emissions from their advertising campaigns.
ZEN was Australia’s first energy company to commit to the global Science-based Targets Initiative for corporate action on climate change. SBS has also applied to have its net zero targets validated by the initiative.
RATCH-Australia’s Collector Wind Farm commenced full operations in 2021 and consists of 54 turbines collectively producing 528GWh each year, capable of powering 80,000 homes and saving close to 320,000t of CO2 emissions each year.
SBS Chief Financial Officer, Nitsa Niarchos, said, “SBS is proud to lead the way in the media industry by committing to 100 per cent renewable energy. Our partnership with ZEN Energy underscores our commitment to sustainability and sets a new standard for reducing carbon emissions in media. Our goal is to inspire others in the industry to take meaningful steps towards a greener future.”
SBS Head of Sustainability, Abigail Thomas, said that this ten-year agreement with ZEN Energy through wind power ensures that SBS’s commitment to carbon reduction is not just a short-term initiative but a long-term strategy.
“By securing a decade of 100 per cent renewable energy, we are taking significant steps towards our net zero targets and demonstrating our dedication to sustainability efforts and innovation in Australia’s media sector,” Ms Thomas said.
ZEN Energy CEO, Anthony Garnaut, said, “SBS is already an industry leader in community engagement and a champion of diversity. ZEN is honoured to be able to now assist SBS deepen its connections to Australians by becoming an industry leader in climate action.
“As part of our responsibilities under the Science-based Targets Initiative, ZEN has voluntarily committed to reduce its scope 3 (sold electricity) emissions. This means we are partnering with our customers to transition their contracts to 100 per cent renewable electricity, and we’ve committed to only sign new contracts where 100 per cent renewable is achieved within the contract period.”
Feature image: the collector wind farm. Image courtesy of ZEN Energy and RATCH-Australia.
