ICMM makes landmark climate commitment to net zero by 2050 or sooner
PR92091
LONDON, Oct. 5, 2021 /PRNewswire=KYODO JBN/--
Today, members of the International Council on Mining and Metals (ICMM) have
committed to a goal of net zero scope 1 and 2 greenhouse gas (GHG) emissions by
2050 or sooner, in line with the ambitions of the Paris Agreement. This
landmark commitment was made in an open letter signed by the CEOs of ICMM's
company members.
Rohitesh Dhawan, CEO, ICMM, said: "As the suppliers of the minerals and metals
that are critical to decarbonisation and sustainable development, we have a
particular responsibility to minimise the impact of our operations on the
environment. ICMM members' collective commitment to net zero scope 1 and 2 GHG
emissions by 2050 is a pivotal moment in our history. We are speaking with one
voice, representing approximately one third of the global mining and metals
industry – including more than 650 sites in over 50 countries – so that we
drive emissions reduction at a significant scale.
"ICMM members have and will continue to set meaningful short and/or medium-term
targets to build clear pathways to achieving this goal, while also accelerating
action on addressing scope 3 emissions and enhancing disclosure. We encourage
other mining and metals companies, suppliers and customers to join us in
decarbonising commodity value chains so that we collectively accelerate climate
action in our wider industry."
Gonzalo Munoz, UNFCCC High Level Climate Action Champion, said: "I welcome the
leadership and joint ambition of ICMM members to commit to a goal of net-zero
scope 1 and 2 GHG emissions by 2050 or sooner, and I strongly encourage
companies to set scope 3 GHG emissions reduction targets by the end of 2023.
The High-Level Climate Action Champions encourage members to strive to set the
most ambitious science-based targets possible in line with the criteria of the
Race to Zero campaign."
Although we have individual decarbonisation targets which in some cases go
beyond ICMM's collective commitment, this represents a joint ambition. The rate
and nature of the ultimate decline in emissions will vary across the different
commodities and geographies represented by our diverse membership. Yet our
approach to individually setting and meeting targets will be consistent and
include the following, no later than the end of 2023 where these do not already
exist:
- Setting Scope 1 and 2 targets: we will build clear pathways to achieving net
zero Scope 1 and 2 GHG emissions by 2050 or sooner, through meaningful short
and/or medium-term targets.
- Accelerating action on Scope 3 GHG emissions: we recognise that Scope 3 is
critical to minimising our overall impact and we will set Scope 3 targets, if
not by the end of 2023, as soon as possible. Although all Scope 3 action
depends on the combined efforts of producers, suppliers and customers, some
commodities face greater technological and collaborative barriers than others.
We will play a leading role in overcoming these barriers and advancing
partnerships that enable credible target setting and emission reductions across
value chains.
- Covering all material sources: our targets will cover all material sources of
emissions, aligning to the GHG Protocol definition of organisational boundaries
and materiality.
- Focussing on absolute reductions: for some operations, intensity rather than
absolute targets may be more appropriate in the short and medium term. Where
intensity targets are used, we will disclose the corresponding absolute
increase or decrease in GHG emissions.
- Applying robust methodologies: we will use target-setting methodologies that
are aligned with the ambitions of the Paris Agreement and disclose in detail
the assumptions we use.
- Disclosing openly and transparently: we will report our progress on Scopes 1,
2 and 3 annually, obtain external verification over our performance, and report
in alignment with the recommendations of the Task Force on Climate-related
Financial Disclosures.
These commitments are additional to and have been incorporated into an update
of ICMM's Climate Change Position Statement which had several pre-existing
commitments on performance and disclosure. Action on climate change is an
integral part of ICMM's Mining Principles [https://www.icmm.com/en-gb/about-us/member-requirements/mining-principles ],
representing the comprehensive commitment to a responsible mining and metals
industry.
Notes to editors
This release has been translated from English by a third party. ICMM is not
liable for any inaccuracies in this translation.
English, Spanish, Portuguese, Japanese, Russian, French and Chinese versions of
the open letter and ICMM's Climate Change Position Statement will be available
on our website:
- The open letter is available here: [https://www.icmm.com/en-gb/environmental-stewardship/climate-change/net-zero-commitment].
- ICMM's updated Climate Change Position Statement is available here: [https://www.icmm.com/en-gb/about-us/member-requirements/position-statements/climate-change].
ICMM's CEO Rohitesh Dhawan will moderate a session at Reuters IMPACT with Jakob
Stausholm, CEO of Rio Tinto, Hilde Aasheim, President & CEO of Hydro, Gonzalo
Muñoz, UNFCCC High Level Climate Action Champion and Manuel Pulgar-Vidal,
Global Leader of Climate & Energy at WWF on 5 October at 16.30 BST to discuss
how the mining and metals industry is making progress towards the goals of the
Paris Agreement and how we can go further.
Supporting assets are available to download from ICMM's media briefing pack [
https://www.dropbox.com/sh/xwllrv9rpmqxhw1/AABbXsOfMKmBBc3dZpauxI4ca?dl=0 ]
(including quotes from several ICMM member CEOs and high res images from some
of our company members that are available for publication with the piece –
please credit the source company).
About ICMM
ICMM is an international organisation dedicated to a safe, fair and sustainable
mining and metals industry. Bringing together 28 mining and metals
companies ( https://www.icmm.com/en-gb/members/member-companies ) and over 35
regional and commodities associations [https://www.icmm.com/en-gb/members/member-associations ], it strengthens environmental and social performance and serves as a catalyst for change,
enhancing mining's contribution to society. Every ICMM company member adheres
to its Mining Principles [ https://www.icmm.com/mining-principles ]
which incorporates comprehensive environmental, social and governance
requirements, robust site-level validation of Performance Expectations and
credible assurance of corporate sustainability reports.
ICMM's 28 company members are: African Rainbow Minerals, Alcoa, Anglo American,
AngloGold Ashanti, Antofagasta Minerals, Barrick, BHP, Boliden, Codelco,
Freeport-McMoRan, Glencore, Gold Fields, Hydro, JX Nippon Mining & Metals,
Minera San Cristobal, Minsur, Mitsubishi Materials, MMG, Newcrest, Newmont,
Orano, Polyus, Rio Tinto, Sibanye Stillwater, South32, Sumitomo Metal Mining,
Teck and Vale.
SOURCE: International Council on Mining and Metals (ICMM)
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