TIDMGLEN
RNS Number : 6323H
Glencore PLC
04 December 2020
Baar, Switzerland
4 December 2020
Climate report 2020: pathway to net zero
Glencore today announces its ambition to be a net-zero emissions
company by 2050, and sets out how it plans to achieve this
through:
- Our commitment to reducing our total emissions footprint -
Scope 1, 2 and 3 - by 40% by 2035 on 2019 levels
- Our ambition of achieving net zero on our total emissions
footprint by 2050, with a supportive policy environment
We will achieve this by:
1. Managing our operational footprint: reducing our Scope 1 and
2 emissions
2. Reducing Scope 3 emissions: our diverse portfolio uniquely
allows us to address this portion of our footprint through
investing in our metals portfolio, reducing our coal production and
supporting deployment of low emission technologies
3. Allocating capital to prioritise transition metals: investing
in the commodities the world needs
4. Collaborating with our value chains: working in partnership
with our customers and supply chain to enable greater use of
low-carbon metals and support progress towards technological
solutions
5. Supporting uptake and integration of abatement: an essential
contributor to achieving low- or net zero carbon objectives
6. Utilising technology to improve resource use efficiency:
contributing to the circular economy
7. Transparent approach: reporting on our progress and
performance
The world is facing the challenge of meeting the increasing
energy needs of a growing population, while radically reducing its
carbon footprint. We believe the commitments and trajectory we
outline today show how we are part of the solution.
Ivan Glasenberg, chief executive officer commented, "A
significant portion of Glencore's earnings is derived from the
metals and minerals that enable the transition to a low-carbon
economy. As the world prioritises renewable technologies, battery
storage and electric mobility, our business is well-positioned to
meet the growing demand for the commodities that underpin these
future focused industries. Our ambition to be a net zero total
emissions company by 2050 reflects our commitment to contribute to
the global effort to achieve the goals of the Paris Agreement."
Our products enable the transition to a low-carbon economy. We
are one of the largest producers and suppliers of copper, cobalt
and nickel - metals that are essential to batteries used for
electric vehicles and energy storage, as well as the infrastructure
required for the transmission of renewable energy. The world needs
these commodities if it is to achieve the goals of the Paris
Agreement and limit the rise of global temperatures.
The world is going to require many times more metal than is
currently produced. Glencore has a large production footprint and
pipeline of projects in the commodities needed to build renewable
energy grids, electrify transport and meet every day needs. We also
operate a large recycling business, through which we enable the
reuse of critical products needed to deliver the transition to a
low-carbon economy.
The world today depends on fossil fuels - coal, natural gas and
oil - to meet its energy needs. Under all credible scenarios,
fossil fuels (oil, gas and coal) will continue to be an important
part of the global energy mix for many years to come. We do not
believe that selling our coal mines would help reduce the
associated emissions. Responsible stewardship of our coal assets
and responsible reduction of our coal portfolio, while maintaining
a focus on our high-quality coal assets in Australia, supports our
ambition to reduce our total emissions to achieve net zero by
2050.
A low-carbon future requires low-carbon metals. As a mining and
trading company, we are uniquely positioned to work directly with
our customers and relevant industry groups to support and promote
the greater use of low-carbon metals, and to form strategic
partnerships that enable critical transitions in transportation,
infrastructure and energy systems.
In line with the commitments we made in February 2020, we
publish today our
Climate Report 2020: Pathway to Net Zero , which sets out our
climate ambition and the pathway to achieve it, and assesses our
portfolio against principal climate scenarios in the mid- and
long-term.
The report aligns with the recommendations of the Taskforce for
Carbon-related Financial Disclosures, and focuses on strategy,
governance, risk management and metrics. Updates on performance
will be included in our 2020 Annual Report and Sustainability
Report.
We have also published our review of the positions on climate
change taken by the industry associations in which we participate.
This review is available here .
For further information, please contact:
Investors
Martin Fewings t: +41 41 709 m: +41 79 737 martin.fewings@glencore.com
28 80 56 42
Maartje Collignon t: +41 41 709 m: +41 79 197 maartje.collignon@glencore.com
32 69 4202
Media
Charles Watenphul t: +41 41 709 m: +41 79 904 charles.watenphul@glencore.com
24 62 33 20
Sustainability
Anna Krutikov t: +41 41 709 m: +41 79 737 anna.krutikov@glencore.com
34 26 55 82
www.glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world's largest global diversified
natural resource companies and a major producer and marketer of
more than 60 commodities. The Group's operations comprise around
150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established
and emerging regions for natural resources, Glencore's industrial
activities are supported by its global marketing network.
Glencore's customers are industrial consumers, such as those in
the automotive, steel, power generation, battery manufacturing and
oil sectors. We also provide financing, logistics and other
services to producers and consumers of commodities. Glencore's
companies employ around 160,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on
Security and Human Rights and the International Council on Mining
and Metals. We are an active participant in the Extractive
Industries Transparency Initiative.
www.facebook.com/Glencore
www.flickr.com/photos/glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/8518
www.slideshare.net/glencore
www.twitter.com/glencore
www.youtube.com/glencorevideos
Disclaimer
The companies in which Glencore plc directly and indirectly has
an interest are separate and distinct legal entities. In this
document, "Glencore", "Glencore group" and "Group" are used for
convenience only where references are made to Glencore plc and its
subsidiaries in general. These collective expressions are used for
ease of reference only and do not imply any other relationship
between the companies. Likewise, the words "we", "us" and "our" are
also used to refer collectively to members of the Group or to those
who work for them. These expressions are also used where no useful
purpose is served by identifying the particular company or
companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCKKQBPDBDDPBK
(END) Dow Jones Newswires
December 04, 2020 07:30 ET (12:30 GMT)
Innofactor Oyj (LSE:0IVW)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Innofactor Oyj (LSE:0IVW)
Gráfica de Acción Histórica
De May 2023 a May 2024