Responsibility Report - Peabody Energy

More documents

Recommendations

Info

Corporate and Social responsibility | 4Dear Stakeholder:A sustainable global future begins with energyaccess for all. Energy is essential to our modernworld, the foundation of our global economy andan engine of progress for billions of people.Our world has entered a sustained market expansion for coal and energy. By midcentury,global electricity generation is expected to rise 130 percent and steel production 275 percent.Our world’s population is expected to reach 9 billion people, the vast majority living in cities.Sustaining this growth would require as much as 16 billion tons of coal, more than twice whatthe world uses today.Coal is the only fuel with the low cost andabundance to meet enormous needs andadvance energy security, economic stimulusand environmental solutions.Peabody Energy is the world’s largestprivate-sector coal company and the worldleader in sustainable mining and clean coalsolutions. The company’s more than 8,300employees produce and supply coal thatenables economic prosperity, strongersocieties and a better quality of life.Peabody EnergyChairman andChief Executive OfficerGregory H. BoyceResults have earned Peabody its reputationas the global leader in safe, environmentallyresponsible large-scale surface andunderground mining.In 2011, Peabody expanded its globalplatform to serve the world’s majordemand centers. Following a majoracquisition, the company became theworld’s largest seaborne supplier oflow-volatile pulverized coal injection (PCI)coal used in steelmaking.
Corporate and Social responsibility | 5Peabody Plan Calls for Proper Global Energy AccessPeabody delivered its safest performance results in 2011, with a nearly 30 percent incidencerate improvement. We expanded our workforce by 600 jobs. We converted more than5,100 acres of mined lands into thriving forests, farm fields and prairie. The company investedmore than $9.5 million into communities around the world through strategic philanthropicpartnerships. And the company’s efforts continue to be commended on the global stage.The company’s reach extends to metallurgical and thermal coal customers in more than25 countries across six continents. From 30 mining operations across Australia and theAmericas, as well as our global sales and trading platform, Peabody provides a product thatis vital for electricity and steelmaking.Our business aligns with fundamental societal needs. Affordable energy fuels a remarkable risein standards of living as developing nations industrialize and urbanize. However, 3.6 billion peopletoday lack adequate energy to meet basic needs.Peabody seeks to achieve global energy access through greater use of coal. Our pathforward – the Peabody Plan – sets a goal of providing universal energy access by 2050 throughincreased coal use and deployment of advanced coal technologies to meet economic andenvironmental objectives.Peabody is a leader in clean and green coal solutions. Across multiple continents, Peabody ispioneering nearly a dozen advanced coal and low-carbon projects and partnerships towardnear-zero emissions.Chief among these is China’s signature GreenGen initiative. At full build, GreenGen will be theworld’s largest near-zero emissions coal plant. Peabody is the only non-Chinese equity partner.Peabody also is an equity participant in the Prairie State Energy Campus, which features thelargest new U.S. coal plant developed in the past two decades and a model of advancedsupercritical coal technology.The company is focused on improving lives and livelihoods through social investmentsthat empower communities; educate the next generation; restore, conserve and beautifythe environment; and engage employees to give back. Through philanthropic investments,community outreach and robust employee volunteerism, Peabody provides significant supportto charitable, community and educational organizations.For more than 129 years, Peabody Energy has powered prosperity. We extend ourgratitude to the company’s employees who deliver sustainable energy solutionsaround the world.3.6 Billion People Have No or Only Partial Access to ElectricityThis report shares great strides made this past year in the areas of corporateand economic, employee, environmental and public responsibility. Peabodyis energizing our communities and our world. We look forward to updatingyou on future progress.Sincerely,209449 58531136Gregory H. BoyceChairman and Chief Executive Officer270211,054493378184Millions of People Who Lack Adequate ElectricityMillions of People Who Have No ElectricitySource: International Energy Agency World Energy Outlook 2011 and World BankDevelopment Indicators, 2011.More than half the world’s population lacks proper electricity. Unlesssubstantial progress is made to improve energy inequality, the firstUnited Nations Millennium Development Goal of eradicating extremepoverty and hunger by 2015 will not be achieved.
Page 2 and 3: Corporate and Social responsibility
Page 8 and 9: Economic and Corporate Responsibili
Page 10 and 11: Economic and corporate responsibili
Page 18 and 19: 18From left are Hopi Education Endo
Page 20 and 21: employee responsibilityPeabody Ener
Page 33 and 34: 41 33Safety at the Core of the Mini
Page 47: Corporate and Social responsibility
Page 50 and 51: public responsibility | 50China and
Page 52 and 53: public responsibility | 52Peabody i
Page 54:
Peabody EnergyPeabody Plaza701 Mark
show all

Responsibility Report - Peabody Energy

Create successful ePaper yourself

Delete template?

Save as template?