Strategic direction

Our purpose

In 2021/22, we developed a new company purpose which articulates why Stanwell undertakes the business it does – “We provide the spark for a bright future”. Our purpose will help guide our business decisions and support us to achieve our strategic goals.

Our strategy

Our strategy sets out our roadmap for the future. It outlines Stanwell’s purpose and the goals we are focused on achieving by 2035, as well as setting out our priorities for the next five years.

Stanwell carries out an ongoing analysis of its external environments to understand their impact on our business. We analyse future markets, taking into account economic, technological, political, customer, community, policy, regulatory and social drivers. We also engage with our customers and stakeholders to understand their expectations of us.

Based on this ongoing analysis, we continue to refine our strategy to meet the future requirements of the energy market, retain value in our business and deliver lasting benefits to the people of Queensland.

Our strategy articulates Stanwell’s four strategic goals:

• Deliver a balanced portfolio for the future; • Progress our environmental, social and governance platform; • Support our customers; and • Lead Australia’s renewable hydrogen industry.

Delivering value for Queensland andourcustomers

In the coming years, Stanwell will prioritise work that helps us achieve our four strategic goals, as we continue to serve our communities and deliver the power Queensland and our customers need.

We will create a new, lower carbon generation portfolio that is complemented by energy storage, and we will be at the centre of a new renewable hydrogen export industry that will bring long-term economic prosperity and jobs to the State.

We will use our thermal portfolio to help maintain the security and stability of the energy system. We will work alongside our customers to deliver energy strategies that meet their business and environmental goals. Having a clear environmental, social and governance platform will be key to our transition to a lower carbon future.

As we transform our business, maintaining job security and prosperity for our people will be important.

All of our people - from those who work at our power stations and mine, to those who provide support services and those who are working to develop our energy storage and renewable energy portfolio – will have a critical role to play in our future.