Energy and mining companies are under increasing pressure to show their own investors how their business models are in line with the Paris climate agreement and to show that they are taking steps to reduce their emissions. Read the article online at: www.globalminingreview.com/environment-sustainability/05052020/new-climate-assessment-of-major-mining-companies-reveals-gap-in-alignment-to-paris-climate-goals/ I have made safety and sustainable development a priority since joining Anglo American and creating a culture of care and respect is essential to my leadership. I think it is essential to build trust and demonstrate the responsibility to ensure and maintain our reception. For assistance, please contact our customer service. Tel: `44 (0)1858 438 427Email: [email protected] Adam Matthews, co-chair of the Transition Pathway Initiative and director of ethics and engagement for the Church of England Pension Council, said: “The sector has made significant progress over the past six months. Several companies, including. Rio Tinto, Vale and Glencore have announced new, more ambitious emission targets and BHP has recognized the role of Scope 3`s emission types in its future approach. Anglo American is currently below the reference value, but without further action, the objectives of the Paris climate agreement will no longer be met. Freeport and Grupo Mexico have such a low emission intensity that they are already aligned with the benchmarks for 2050, including below 2oC. But their strong climate change stands in stark contrast to others in the sector. “TPI`s analysis shows that not all commitments cover all activities and that companies need to go much further to meet investor expectations through initiatives such as climate action 100.” “The commitment shows that the company is ready to support the Paris Agreement and ultimately focus its activities on its goal of reinventing the mining industry to improve people`s lives. We welcome the company`s constructive engagement with shareholders on this issue. We will be watching with interest whether peer companies will follow this example and take action where they do not. The mining industry is an industry that can do good and will be an important force in the 21st century as the demand for the metals and minerals we produce increases.
Since the carbon intensity varies considerably from a raw material, TPI argues that the most obvious decarbonization strategy that miners can use is to reduce the production of raw materials to the highest emission intensity. Regardless of this, Anglo obtained a necessary licence to increase the height of the Minas Gerais dam, its Brazilian iron ore mine, which would strengthen the operation at full capacity. About IIGCC: The Institutional Investors Group on Climate Change (IIGCC) is the European member organization for investor cooperation on climate change and the voice of investors committed to a prosperous, low-carbon future. IIGCC has more than 190 members, mainly pension funds and asset managers, in 14 countries, with asset management of more than 28 trillion euros. 13. Does the company indicate scope 3`s use of product emissions? 12. Does the company have a process to manage climate-related risks? Separate emails by comma, ceiling of 4 addresses Our mission is to mobilize capital for the transition to low-carbon people and to ensure resilience to the effects of a changing climate by working with businesses, policy makers and other investors.