Prime Mover Magazine

Qube releases sustainability report

Qube is committed to sustainability which is central to its business strategy to be Australia’s leading provider of integrated logistics solutions focused on import and export supply chains.

Qube Managing Director, Maurice James, said in the company’s latest sustainability report that the business is focused on continuously reviewing environmental, social and economic factors to ensure it sustains value and manages risk as an organisation.

There are four key pillars in Qube’s sustainability strategy according to James. People and Culture, which emphasises the importance of aligning people and culture with business needs, values and consistent standards; Community and Partners to ensure alignment at a local operations level with suppliers and contractors; Governance which establishes synergies, systems and frameworks with common goals in the organisation; and Environment which guides Qube on minimising the organisation’s footprint.

“Over the period January to June 2019, the Qube Group worked with Action Sustainability, with input from ClimateWorks Australia and Climate Risk, to carry out an initial, high-level, qualitative, transition and physical climate risk assessment of Qube’s operations,” said James.

Key findings from the sustainability report indicate that Qube’s future climate change risks are low-to-moderate.

Most Divisional operations will experience some disruption from future climate change risks, however Qube’s highly diverse operations (i.e. by geography, revenue streams, assets and transport modes) is a strong mitigant against future climate change risks.

Qube has a relatively low greenhouse gas emissions footprint (327,329 tCO2e reported for FY2018 with 90 per cent from diesel usage).

Qube’s transport fleet has a short replacement cycle (i.e. 3-5 years) and is continually being upgraded to meet fuel efficiency and emissions standards (i.e. Euro 5 and Euro 6 compliant vehicles).

Direct costs from future physical climate impacts on infrastructure (adaptation measures, damage repair costs) are mostly the responsibility of asset owners (e.g. Port Authorities, utilities and State Governments), however this does create reliance on third parties and third-party risks.

Where Qube does own assets (Moorebank Logistics Park and Minto), these have been designed to accommodate future physical climate change scenarios.

Divisions currently have extreme weather preparedness and emergency controls in place and capabilities to cater for future climate change physical risks.

The Moorebank Logistics Park project provides a significant opportunity for Qube to demonstrate its commitment to adopting leading-edge technology, resulting in significant environmental and climate change benefits (annual savings of 110,000 tonnes of greenhouse gas emissions).

Qube is unlikely to face any material reputational risks from a climate change perspective, as it has a relatively low greenhouse gas emissions footprint, and its transport activities do not significantly include carbon intensive and potentially contentious commodities (thermal coal).

Qube also reported its future mitigation plans as part of its climate change summary which include: investigating opportunities for the use of renewable fuels and electrification in its vehicle fleet; enhancing existing considerations of climate risk and integrating the best available information into group and divisional risk management and planning processes; continuing to engage with port authorities; assessing energy and emissions intensities across Qube operations to identify ‘hotspots’ and review efficiencies; and innovate by designing and building warehouses that are energy efficient through renewable energy installations and lighting systems.

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