We put Environmental Social
and Governance (ESG) features
front and center.
Ancillary services to electricity markets
In addition to utilising renewable energy, our infrastructure provides
important services to the electricity networks where we operate.
For example, our data centers can offer dynamic load management that can ramp down
electricity usage when demand is high or when renewable energy sources are producing
electricity at low volumes, and ramp up electricity usage when demand is low or when
renewable energy sources are producing electricity at high volumes that may otherwise
be wasted, thereby supporting the ongoing penetration of intermittent renewables.
Our data centers are also geographically flexible allowing us to locate our operations
in areas where there is excess generation and/or grid constraints. In this way, we can
support the efficient management of network resources and facilitate increased
renewable generation and the decarbonisation of energy markets.
Partnerships with First Nations & Indigenous communities
We look to partner with and support local First Nations
and Indigenous communities where we operate.
For example, we recently contributed C$500,000 to four indigenous Ktunaxa
First Nations communities who are the traditional land owners of our first flagship site
in British Columbia, Canada. We committed to make this an annual contribution subject
to the continuing and profitable operation of the 30MW data center, and will work
with the First Nations communities to deepen the relationship in a number of areas,
including by providing employment and training opportunities.
For further information, please see a copy of our media release and related news at:
Supporting regional and remote communities
We partner with Governments and support regional and remote local communities
Our operations are naturally geographically flexible and offer the (re)introduction of local employment and economic activity to regional and remote areas and communities that are often experiencing financial hardship due to declining manufacturing or industrial operations.
In regions where we operate, we provide funding for local community recreational infrastructure and volunteer groups (such as the Canal Flats Volunteer Fire & First Aid community group) and look to partner with schools and training authorities to develop programs to train maintenance technicians, network specialists and other operations staff.
Iris Energy places a strong emphasis on proper governance and believes
that well governed companies typically face lower ESG risks, enabling
them to deliver sustainable long-term results to shareholders.
Governance issues of particular focus include alignment of the Board and management
with the ultimate owners of the company (our shareholders), internal controls, policies
and procedures, board composition and skills, executive remuneration,
business ethics, transparency of reporting, and accounting and audit practices.