Cement Energy Environment

17 From the above list of major mining companies, we find that out of 30 listed above, only 8 have set target for Net Zero Mining, whereas the rest have only a partial commitment towards Net Zero approach. Indian Mining company i.e. Hindustan Zinc has set Climate Change Goals as reduction of absolute Scope1 and 2 GHG emissions by 14% and absolute Scope3 by 20% by 2026 against 2016 as base year. At global level, ICMM (International Council for Mining and Metals) which was Formed in 2001 bring various different mining companies together and now is dedicated to work towards safe, fair and sustainable mining practices for Mines & Metals Industry. At present, 27 mining and metals companies are members (like BHP, Rio Tinto, ARM, Alcoa, AngloAmerican, Barrick etc.) and over 35 national, regional and commodity association members. ICMM provides a large section of the mining industry in both geography and resources extracted, these companies represent almost half of the global mining industry by value, and are committed to reducing carbon emissions. Members have set goals to strengthen environmental and social performance and serve as a catalyst for change, thus enhancing mining’s contribution to society. This maximises opportunities for collaboration among mining and metals industry leaders. Source: S&P Global Platt – Coal / Metal - 27 Jul 2020 / 21:12 UTC - New York Anglo American Pic Diversified metals and mining 28.6 Anglo American has committed to reaching net-zero emissions by 2040. Wheaton Precious Metals Corp. Diversified metals and mining 19.7 Wheaton Precious Metals, a royalty and streaming company, touts its operations are already carbon neutral. Sumitomo Metal Minings Co. Ltd. Diversified metals and mining 7.7 Sumitomo has said it is formulating a plan to reduce emissions in the second half of the century. South32 Ltd. Diversified metals and mining 6.8 South32 has committed to reaching net-zero emissions by 2050. AngloGold Ashanti Lyd. Gold 12.1 AngloGold Ashanti has reported it is working to update goals around climate change, including setting emissions targets. Antofagasta Pic Copper 11.4 Antofagasta has identified climate change as a risk and has reported it is working to set emissions reductions targets in 2020. Saudi Arabian Mining Co. (Ma’aden) Diversified metals and mining 11.4 As of 2019, Ma’aden has reported it is working on finalizing a greenhouse gas emissions reductions strategy. Kirkland Lake Gold Ltd. Gold 11.4 Kirkland Lake has said it is “actively working” to reduce its environmental and carbon footprint and currently tracks emeissions at all operations. Hindustan Zinc Ltd. Diversified metals and mining 9.8 Hindustan Zinc has reported it is committed to reduce absolute Scope 1 and 2 greenhouse gas emissions by 14% and absolute Scope 3 GHG emissions by 20% by 2026 from a 2016 base-year. PAO Severstal Steel 9.4 Severstal has reported it is working on setting carbon reduction targets. Polymetal International Plc Gold 9.4 Polymetal aims to cut greenhouse emissions intensity by 5% by 2023 compared to 2018. Royal Gold Inc. Gold 8.2 Royal Gold primarily acquires passive interests in mineral productions and generally does not have direct influence over operatrions, but does support efforts to promote sustainable gold mining and acknowledges international concerns related to climate change. Fresnillo Plc Precious metals and gemstones 7.7 Fresnillo reported its greenhouse gas emissions incresed 4.9% in 2019 as electricity demand for its operation rose, but the company is targeting 75% of its electricity to come from renewables. PJSC ALROSA Precious metals and gemstones 6.5 Alrosa has stated its emissions intensity is well below the industrty level and has plans to further reduce its CO 2 emissions as renewables are expected to account for a significant pasrt of its energy consumption by 2024. Data compiled July 20, 2020 Company list is based on the lasrgets miners as of March 31, 2020. The list is obtained from mining-focused companies included in the most recent Industry Monitor. Shenzhen, Hong Kong, or Shanghai Stock Exchanges were excluded from the list of top mining companies. Climate goal details include select goals and may not be comprehensive.