Telstra- Management Strategies In Relation To Climate Change and Sustainability Essay Example

Telstra’s management strategies with regard to climate change are based on three key areas: participating in low-carbon economic growth, building resilience and reducing its emissions. The company’s main environmental impact is the carbon emissions related to the energy utilised in its network. The company is planning to manage and reduce its carbon emissions by enhancing performance against its target to reduce carbon emissions intensity. The company is also looking for opportunities that would facilitate the improvement of its networks’ emissions intensity and energy efficiency, such as utilisation of renewables. Besides that, the company engages its suppliers with the aim of securing equipment that are more energy efficient (Telstra, 2017). In order to reduce carbon emissions, the company has set minimum expectations for its suppliers. Telstra understands that when it reduces its carbon emissions it can realise tangible business benefits, such as reduced vulnerability to energy prices’ volatility as well as reduced costs of operation. To ensure transparency, Telstra always reports publicly its climate change performance and activities once a year. The infrastructure used by the company to deliver its services and products is long-lived; therefore, the Telstra has come up with a risk-based and robust approach to manage the physical impacts attributed to climate change.

Basically, impacts of climate change can disrupt and damage the company’s operations and infrastructure. Therefore, to build resilience, the company has adopted early warning systems that allow for climate prediction as well as modelling, and which supports response to and recovery from natural disaster. The company has been offering its customers with technology which allows for low carbon economic growth. Considering that Telstra offers different solutions and products, the company understands the value of technology in realising low carbon economic growth. Technology has enabled the company to unlock efficient and smarter ways of reducing its energy-related costs and carbon emissions. Through technological innovation, the company has pushed various boundaries to open up for new low carbon economic growth opportunities. Importantly, the company has been engaging with the governments on setting policies which would facilitate innovation that would enable the company to move towards a more resilient and low carbon future.

AT Telstra, the company ability to create a connected future for all and sundry depends on its sustainability agenda. Telstra has shown commitment towards finding tech-based and innovative solutions for its main environmental as well as social challenges. The company is working with its suppliers and customers, engaging its workers and has partnered with non-profit and government organisations to deliver sustainable programs that bring forth value in the communities and environment (Telstra, 2016). The company’s sustainability priority is embedding environmental and social considerations to its business operations in a manner that generates value for the stakeholders and the company. The company seeks to become compliant with every applicable regulatory permission as well as environmental law that influences its operations. The company has implemented procedures that allow for internal investigations in instances of noncompliance and to make sure that the risk of recurrence is eliminated.

References

Telstra. (2016). Bigger Picture. Melbourne, Australia: Telstra.

Telstra. (2017). Telstra and Climate Change. Melbourne, Australia: Telstra.