Drax has said it will implement an enhanced approach to deliver on its global sustainability targets and to enhance the way it manages its impact on the climate, nature and people.
The company has received a spate of criticism in recent months, including reports that, in the US, it breached environmental regulations 'over 11,000 times'.
There have also been questions about its value to the UK taxpayer, following the government's latest subsidy agreement.
The subsidised firm has been labelled the biggest CO2 emitter in the country.
Prior to the government's latest handout, a group of Labour MPs urged the government to rethink the subsidies awarded to Drax. It has received over £7 billion since 2012.
According to Drax, it has developed a new sustainability framework in consultation with 'a wide range of stakeholders'.
It stated the plan includes 26 specific, measurable and time-bound targets which will govern the business’ approach.
This will 'further improve how [Drax] interacts with key issues such as emissions reduction, forestry, biodiversity, water efficiency and supporting local communities'.
"Central to this is Drax’s ambition to reach net zero across its value chain by the end of 2040, including steps aimed at decarbonising its supply chains to prioritise the low carbon delivery of biomass fibre to Drax Power Station and moving forward with renewable power sources for its pellet plants," said the organisation.
