CREATING A PATH TO NET ZERO
A growing number of IZA member companies have committed to climate change policies to reach net-zero Scope 1 and 2 GHG emissions by 2050. And an increasing number are now working on Scope 3 targets as well.
To help facilitate this process, IZA established the Climate Change Task Force (CCTF) in 2021, engaging company representatives and experts worldwide at all levels of the zinc value chain. By bringing together producers, suppliers, and customers, the CCTF will help foster partnerships that enable the development of a de-carbonization strategy for the whole zinc sector.
How the Zinc Industry Tracks Progress
There is a clear demand for “low carbon” and “green” products, highlighting the need for transparent and assured emissions reporting for making claims. While all IZA members have access to a full environmental profile for each asset through the global LCA, demands for carbon-specific assurance for sites and products have multiplied across the entire value chain.
The Zinc Carbon Footprint Guidance harmonizes data collection and reporting methods, while recognizing best practice for the industry’s unique structure, supply chains, raw materials, and down-stream uses.
Hindustan Zinc Limited.
Hindustan Zinc Limited (HZL) has committed to Net Zero by 2050 in alignment with the Science-Based Targets Initiative (SBTi). In addition, HZL has committed to investing $1 billion in climate change actions over the next five years. Practical GHG reduction measures include the use of Battery Electric Vehicle (BEV) in underground mining and the expression of Interest (EOI) for the Supply of 300 MW of Renewable Energy.
To learn more about Hindustan Zinc Limited’s climate change policy, visit their website at https://www.hzlindia.com/media_press_releases/hindustan-zinc-commits-to-long-term-target-to-reach-net-zero-emissions-by-2050-in-alignment-with-science-based-targets-initiative-sbti/
Glencore seeks to decarbonize its own operational footprint and support national programs that strive to achieve the goals of the Paris Agreement. Glencore has set 1.5°C-aligned targets, i.e. an absolute short-term total emissions (Scope 1, 2 and 3) reduction target of 15% by 2026 on 2019 levels, a medium target of 50% reduction of total emissions by 2035, and an ambition of net zero total emissions by 2050.
To learn more about Glencore’s climate change policy, visit their website at https://www.glencore.com/sustainability/esg-a-z/climate-change
Newmont is committed to addressing climate change with emission reduction targets of more than 30 percent reduction in Scope 1 and 2 emissions and 30 percent reduction in Scope 3 emissions by 2030, with an ultimate goal to be carbon neutral by 2050.
To learn more about Newmont’s climate change policy, visit their website at https://www.newmont.com/sustainability/sustainability-reporting/default.aspx
South32’s target is to halve operational carbon emissions by 2035 and reach net zero by 2050.
To learn more about South32’s climate change policy, read their 2021 sustainable development report at https://www.south32.net/docs/default-source/all-financial-results/fy21-annual-reporting-fix/sustainable-development-report-2021.pdf?sfvrsn=20ae5495_2
Nyrstar's GHG emissions reduction targets include a 30 percent reduction in operational emissions by the end of FY2023. A scope 3 emissions reduction target will be set by FY2023. Nyrstar also plans to increase their renewable power generation capacity by two gigawatts by the end of FY2025.
Nyrstar’s sustainability metrics are reported publicly via the annual Trafigura Responsibility Report.
Sumitomo committed as a member of the International Council on Mining and Metals (ICMM) to a goal of net zero Scope 1 and 2 greenhouse gas emissions by 2050 or sooner in line with the ambitions of the Paris Agreement.
To learn more about Sumotomo's commitment to achieving net zero visit ICMM's site at https://www.icmm.com/netzero
Boliden has set a target to reduce CO2 intensity by 40% from 2012 to 2030.
To learn more about Boliden's climate change policy view their Sustainability Index 2021 under Environment and Sustainability Topic: Climate.
Trevali established a short-term emission reduction target to reduce GHG intensity by 25% by 2025 and has set a further target of being carbon neutral by 2050.
To learn more about Trevali's climate change policy view their 2021 Sustainability Report (Climate Change pages 65-67).
Hecla Mining will be establishing targets in 2021 against the goal of being net carbon neutral by 2050.
To learn more about Hecla's climate change policy view the Responsible Mining Section of their website.