Glencore has become the latest mining major to plot a path to reach “net-zero emissions”, with a plan that includes the use of battery-electric vehicles at one of its underground operations in Canada and renewable power at its South Africa ferroalloy sites.
The company has committed to reducing its total emissions footprint – Scope 1, 2 and 3 – by 40% by 2035 compared with 2019 levels, with an ambition of achieving “net zero” on its total emissions footprint by 2050.
It says it will achieve this by managing its operational (Scope 1 and 2) footprint; reducing Scope 3 emissions through investing in its metals portfolio, reducing its coal production and supporting deployment of low-emission technologies; allocating capital to prioritise “transition metals”;
collaborating to enable greater use of low-carbon metals and support progress towards technological solutions; supporting uptake and integration of “abatement”; using technology to improve resource use efficiency; and taking a transparent approach to its sustainability reporting.
Ivan Glasenberg, Glencore Chief Executive Officer, said: “A significant portion of Glencore’s earnings is derived from the metals and minerals that enable the transition to a low-carbon economy.
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