Operating sustainably is not only relevant to how we impact the environment and local communities but is also vital to generating long term value for all our stakeholders.
At Tamboran, we recognise that operating sustainably is not only relevant to how we impact the environment and local communities but is also vital to generating long term value for all our stakeholders. Sustainability is central to our corporate strategy. Tamboran has developed a six pillar sustainability plan to help guide our strategy, assess risks and opportunities, and manage performance.
Tamboran believes operating in a sustainable manner is essential to delivering the Company’s strategy and objectives. Our Six Pillar Sustainability Plan is intended to help create the maximum long-term value for all our stakeholders, including shareholders, Native Title Holders, pastoralists, and local communities. As Tamboran evolves from an explorer into a natural gas producer, we have the opportunity to implement sustainable practices into our activities and natural gas production facilities.
Our Approach
Sustainability is central to how we design, develop and operate our business.
Tamboran has a vision of supporting the energy transition in Australia and the Asia-Pacific through the development of low CO₂ gas resources in the Northern Territory’s Beetaloo Basin. Sustainability is central to how we design, develop and operate our business.
As Tamboran progresses from exploration and appraisal toward commercial production, we are focused on building a business that is safe and environmentally responsible from the outset. We believe this means combining operational performance with strong environmental management, transparent governance and respectful engagement with Native Title Holders, pastoralists, local communities and government.
Our corporate strategy is to develop a reliable and low greenhouse gas intensity natural gas business that can help strengthen energy security in the Northern Territory, support Australian domestic gas supply, and enhance the energy security of Australian trading partners with LNG. By supplying this natural gas, we will also create long-term value for shareholders and our key stakeholders.
Importantly, natural gas from the Beetaloo Basin is produced under strong Northern Territory and Australian Federal Government regulations. Under the Australian Federal Government’s Safeguard Mechanism, gas production in the Beetaloo Basin must have Net Zero Scope 1 emissions. This is a special requirement for the Beetaloo Basin and means that by law, under the Safeguard Mechanism, Tamboran’s gas production in the Beetaloo will be Net Zero Scope 1. Tamboran believes this is a key differentiator for the Beetaloo Basin. As the world aims to reduce global GHG emissions, it should be accelerating the development of low reservoir CO₂ gas produced by companies with Net Zero Scope 1 requirements.
Our Governance
Sustainability is governed at the highest level.
Tamboran Board
Oversees the Company’s sustainability risk governance and assesses how sustainability risks and opportunities may influence the Company’s Corporate Strategy and decision-making.
Sustainability Committee
The Sustainability Committee will oversee, review, monitor and make recommendations to the Board on the adequacy of the Company’s policy, strategy, practices, performance and governance regarding sustainability-related matters. This includes consideration of existing sustainability-related issues and emerging areas of risk which are related to the Company’s operations and its engagement with customers, suppliers and communities, such as safety, water, GHG and other emissions, climate change, biodiversity, security, cultural heritage and human rights, and reviewing data, reports and trends in relation to performance against sustainability-related public targets and goals.
Tamboran’s Sustainability Committee Charter establishes the purpose and responsibilities of the committee.
Our Six Pillars
Six commitments that shape everything we do.
Tamboran’s sustainability approach is built around six pillars that support our strategy and guide decision-making across the business.
Select a pillar below to explore our approach, commitments and the supporting governance policies and frameworks for each area of our operations.
Health and Safety
PILLAR ONE
Putting the health and safety of our people first.
Nothing is more important than the health, safety and wellbeing of our people, contractors and the communities in which we operate.
We are committed to maintaining a strong safety culture, robust systems and disciplined operating practices across all activities. As our operations grow, we aim to strengthen both personal safety and process safety performance through planning, training, risk management and continuous improvement.
Policies and Governance:
Climate Change
PILLAR TWO
Responsible delivery of low GHG intensity natural gas projects.
Our focus is to develop natural gas projects that meet the stringent Net Zero regulatory requirements of the Australian Government’s Safeguard Mechanism.
Tamboran believes natural gas has an important role to play in the energy transition, including supporting grid reliability, replacing higher-emission fuels and helping meet demand for reliable energy in the Northern Territory, Australia, and Asia. Our focus is to develop natural gas projects that meet the stringent Net Zero regulatory requirements of the Australian Government’s Safeguard Mechanism.
Climate change is one of the defining challenges of our time that requires the collective action of businesses, governments and communities throughout the world. Tamboran accepts the scientific consensus on climate change and supports the Paris Agreement’s goal of limiting the rise in global temperature to well below 2 degrees Celsius from pre-industrial levels. Tamboran is committed to playing a constructive role in the energy transition, while at the same time helping to ensure energy security, by becoming a Net Zero scope 1 and 2 producer of affordable and reliable natural gas.
Our climate priorities include:
- Targeting Net Zero Scope 1 and 2 equity emissions from first commercial production of our natural gas projects.
- Reducing GHG emissions through efficient facility and field design.
- Evaluating new technologies including the use of renewables, batteries and carbon capture and storage.
- Using high-quality offsets for residual emissions where required.
Policies and Governance:
Read our Climate Change Policy
Read our Voluntary TCFD Climate Change Report
Environment
PILLAR THREE
Committed to protecting the local environments in which we operate.
Tamboran is committed to managing environmental impacts responsibly and protecting the unique environment of the Northern Territory.
Our environmental focus includes minimising land disturbance, managing water responsibly, protecting biodiversity and applying development practices that reduce surface footprint and operational impact.
As a growing natural gas company, we are acutely aware of our duty to preserve and protect the local environment and biodiversity, and of the opportunity for us to embed leading environmental practices into future developments.
Policies and Governance:
Read our Health, Safety and Environment Policy
Environmental Management Plans:
Community
PILLAR FOUR
Working closely with, and strengthening the local communities.
We seek to engage openly and respectfully with Traditional Owners, pastoralists, local communities and government.
Our objective is to contribute to regional development while listening carefully, acting transparently and building trust through long-term presence and responsible operations. Tamboran aspires to be the partner of choice of local communities, and we are committed to developing and maintaining a positive relationship with our local and host communities.
We recognise that our operations have a direct impact on local communities, and our presence must form a net benefit for our hosts. We actively encourage community participation in our operations to foster economic empowerment in our host communities. To that end, Tamboran is committed to employing Aboriginal and local contractors to support our operations and promote socioeconomic strength. We will also ensure that employees, contractors, service providers and site visitors are educated and agree to the site-specific conditions allowing Tamboran to be operating at that site.
Policies and Governance:
People
PILLAR FIVE
A preferred employer and partner of choice.
Tamboran believes that our people are critical to delivering our strategy and developing a successful business.
To achieve our long term goals, Tamboran must attract, develop and retain a diverse, inclusive, and competent workforce.
We want to build a workforce and culture that supports safety, performance, accountability and inclusion. This includes attracting capable people, supporting their development and fostering a workplace where strong technical execution and ethical conduct go hand in hand.
We intend to attract, develop and retain a diverse, inclusive and competent workforce. Through effective people management we will ensure that we have the right capabilities across the organisation to deliver the best results for all our stakeholders.
Policies and Governance:
Economic Sustainability
PILLAR SIX
Responsible development that generates lasting value.
Generating economic growth and value for our investors, employees, customers and communities.
Tamboran’s aim is to create long-term value through the responsible development of Beetaloo gas resources.
Tamboran has a phased development strategy that prioritises the Northern Territory gas market first, followed by East Coast domestic gas supply and then LNG-related opportunities. As a Northern Territory based business, we recognise the importance of prioritising and ensuring energy security and reliability for the Northern Territory.
Through the development of onshore natural gas in the Beetaloo Basin, Tamboran will also support local jobs, NT royalties, and benefits for Native Title Holders.
Implementing our development strategy will enable us to build a sustainable, cash flow focused business that benefits the local community through the creation of jobs as well as generating strong returns for shareholders.