Cement Energy Environment

30 The group announces a group-wide commitment to being carbon neutral by 2050 (Net Zero Target), building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050. The group has identified two low-emissions steelmaking routes, both of which have the potential to lead to carbon- neutral steelmaking • The Hydrogen-DRI route, which uses hydrogen as a reducing agent ArcelorMittal Group Rio Tinto being a big mining giant has adopted following approach to Climate Change and to strive for net zero emissions: ambition is to reach net zero emissions across our operations by 2050 Immediate steps to reduce carbon footprint: by 2030 to reduce carbon intensity by a further 30% & absolute emissions by further 15% • Invest $1 billion in climate-related projects: Including R&D and projects to reduce emissions and enhance the resilience of business • Build partnerships across our value chain: No company can adequately address the climate change challenge alone • Support climate advocacy: Carbon pricing through market mechanisms is the best way to accelerate innovation and achieve emissions reductions at least cost • Work with industry associations : Industry associations play an important role in constructive engagement on climate policy issues • Be transparent : We support the recommendations of the Task Force on Climate-related Financial Disclosures and are enhancing our climate reporting Climate Change Strategy of the company includes • Producing materials essential for a low-carbon future • Reducing the carbon footprint of operations • Partnering to reduce the carbon footprint across our value chain • Enhancing our resilience to physical climate risks Progress on climate change • 46% reduction in our greenhouse gas emissions from our managed operations since 2008 (18% when excluding divestments) • 29% reduction in greenhouse gas emissions intensity since 2008 • Target to reduce our absolute greenhouse gas emissions 15% and our emissions intensity 30%, both by 2030 • $1bn estimated spend on climate related projects over five years • Ambition for our operations to be net zero greenhouse gas emissions by 2050 • Overall, carbon neutral growth between now and 2030 Rio Tinto Group 3. Reduce Scope 3 emissions • Optimization of transportation networks • Optimization of routes & loads by better logistics & distribution • Vehicle optimization to reduce traditional fuel consumption • Green KMs: drivers (own fleet & third parties) to drive more safely and efficiently (reducing fuel consumption on the order of 3% to 6%) • Fossil fuels: Emissions from transportation of fuels are optimized by purchasing fuels from local markets and by using environmentally friendly inbound transportation means. LafargeHolcim subsidiary Ambuja Cement has begun a trial of bio-diesel fuel blends for its shipping fleet. It says that the fuel change will reduce the fleet’s CO 2 emissions by 25%. As per report published in Global Cement News, Managing Director and chief executive officer Mr Neeraj Akhoury said, “With the introduction of bio- diesel blends, we are significantly contributing towards the reduction of greenhouse gas emissions by introducing a suitable alternate green fuel that helps achieve our parent, LafargeHolcim’s, sustainability vision of ‘net zero pledge 2030’.”