Whole Life Value Optimization of Boral Quarries
Cement - carbon
Our focus on reducing carbon emissions to remain domestically and globally competitive
Berrima Safe Guard Mechanism response
CO2e tonnes per tonne of clinker
Safeguard Mechanism (SGM)
SGM commenced in 2016, legislated framework that limits the emissions of ~215
large industrial facilities (>100ktpa CO2e), covers -28% of national emissions
New legislation and rules commencing 1 July 2023 reduces emission requirements
exposing Boral to potential penalties without investment
With investment Boral can meet emission requirements.
Carbon Border Adjustment Mechanism (CBAM)
We believe CBAM is absolutely a must to make true inroads into sustainability in
Australia and is a second key side of the same coin as Safeguard Mechanism.
The Government recognises that Cement (with Steel) is a hard to abate and trade
exposed sector and has committed to seriously consider a Carbon Border
Adjustment Mechanism
Recarbonation
With increased awareness and the recognition of the benefits from recarbonation,
our cement business should remain below longer term emission targets
■
Broader understanding and awareness of recarbonation remains a significant
opportunity for Boral
Source: 1. IPCC, 2021: Climate Change 2021: The Physical Science Basis. Contribution of Working Group I to the Sixth
Assessment Report of the Intergovernmental Panel on Climate Change;
1
0.9
0.8
Safe Guard Mechanism emission requirements
Berrima emissions 'do-nothing'
0.7
Gap if 'do-nothing'
0.6
Berrima emissions post investments
0.5
Potential Berrima emissions post investments &
recarbonation recognition
0.4
0.3
FY24
FY25
FY26
FY27
FY28
FY29
Recarbonation
Annual flux (Gt CO₂ yr¹¹)
Annual global cement CO2 process emissions
uptake via recarbonation 1920-20191
2
(a)
1.6
1.2
0.8
0.4
0
-0.4
-0.8
Process
emission
95% CL
Net flux
95% CI
Uptake
-1.2
1930 1940
1950 1960 1970 1980 1990 2000 2010 2020
BORAL
Building
something
great
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