STAMFORD, Conn., July 31,
2024 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX)
("Tronox" or the "Company"), the world's leading integrated
manufacturer of titanium dioxide pigment, today announced the
publication of its 2023 sustainability report. The report details
meaningful accomplishments achieved in the past year driving
continued progress towards the Company's previously established
sustainability goals and reinforces the unwavering commitment to
the Company's sustainability strategy and purposeful investments in
its people, operations and product portfolio. Highlights from the
report include:
- Reinforcing its carbon emission reduction targets,
including reducing Scope 1 and 2 carbon emissions intensity by 50%
by 2030 against a 2019 baseline and achieving carbon neutrality by
2050 and reducing Scope 3 carbon emissions by 9% by 2025 and 16% by
2030 against a 2021 baseline. The Company reduced its 2025 Scope 1
and 2 target to 25% (from 35%) to align with the latest anticipated
timing of its second renewable project in South Africa, now expected to come online by
2027.
- Commissioning of a 200MW solar project in South Africa, estimated to provide 40% of
the Company's total energy needs in the region and to result in an
incremental 13% reduction in Scope 1 and 2 carbon emissions in 2024
relative to the 2019 baseline
- Progressing the second largest renewable project in
South Africa by entering into
a long-term power purchase agreement with NOA Group for ~497GWh of
renewable energy, which is expected to reduce Scope 1 and 2 carbon
emissions by an incremental 12% globally, once fully implemented in
2027
- Reducing Scope 1 emissions and improving production
efficiencies by implementing automated process controls (APCs) for
chlorination to reduce coke consumption at the Company's pigment
plants
- Engaging top-emitting suppliers in planning to reduce
their greenhouse gas emissions as part of Tronox's Scope 3
emissions reduction strategy
- Progressing towards the Company's 2050 goal of eliminating
waste to external landfills by creating new markets for waste
byproducts and reusing waste streams as raw materials at the
Company's operations
- Committing to alignment with the Taskforce on
Nature-Related Financial Disclosures (TNFD) and Science-Based
Targets for nature in the next two years to improve management of
biodiversity
- Conducting an employee culture survey to understand the
performance measures and attributes that yield high performance and
identify areas for improvement to guide employee engagement
strategy
- Receiving endorsement from Reconciliation Australia for
Tronox's inaugural Reflect Reconciliation Action Plan (RAP) – part
of the Company's efforts to continue nurturing relationships with
Aboriginal and Torres Strait Islander communities near the
Company's operations
- Receiving approval on the next five-year iteration of the
Company's Social and Labor Plan (SLP) in South Africa, which will include an
investment of R67 million (South African Rand) in projects designed
to meet critical community needs.
"At Tronox, our approach is to be a good corporate citizen
through safe operations, close relationships with our host
communities and other stakeholders, advancing environmental
stewardship, and maintaining a sustainable business," said
Jennifer Guenther, Chief
Sustainability Officer, Head of Investor Relations and External
Affairs. "I am proud of the progress we continue to make on our
sustainability journey, made possible by the teamwork and
collaboration across all of our employees at Tronox each and every
day."
John D. Romano, Chief Executive
Officer, added, "Ultimately, our ability to conduct our work is
supported by our people and our planet, and we bear the
responsibility to act safely and sustainably. We firmly uphold the
importance of safeguarding our operational privilege, both now and
in the future. This is why we ensure that sustainability and our
business strategy, operations and culture are seamlessly
integrated, supporting our priority to grow the business and create
lasting value for all stakeholders."
The 2023 sustainability report is available
at Sustainability Reports - Tronox.
About Tronox
Tronox Holdings plc is one of the world's leading producers of
high-quality titanium products, including titanium dioxide pigment,
specialty-grade titanium dioxide products and high-purity titanium
chemicals, and zircon. We mine titanium-bearing mineral sands and
operate upgrading facilities that produce high-grade titanium
feedstock materials, pig iron and other minerals, including the
rare earth-bearing mineral, monazite. With approximately 6,500
employees across six continents, our rich diversity, unmatched
vertical integration model, and unparalleled operational and
technical expertise across the value chain, position Tronox as the
preeminent titanium dioxide producer in the world. For more
information about how our products add brightness and durability to
paints, plastics, paper and other everyday products, visit
tronox.com.
Cautionary Statement about Forward-looking Statements
Statements in this release that are not historical are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are subject to known and unknown risks,
uncertainties and assumptions about us, may include projections of
our future sustainability goals, commitments and programs. These
statements are only predictions based on our current expectations
and projections about future events. There are important factors
that could cause our actual sustainability results or achievements
to differ materially from the results, level of activity,
performance, anticipated benefits and timing of projects, or
achievements expressed or implied by the forward-looking
statements. Significant risks and uncertainties may relate to, but
are not limited to, macroeconomic conditions; inflationary
pressures and energy costs; currency movements; political
instability, and other geopolitical events; supply chain
disruptions; market conditions and price volatility for titanium
dioxide, zircon and other feedstock materials, as well as global
and regional economic downturns, that adversely affect the demand
for our end-use products; disruptions in production at our mining
and manufacturing facilities; and other financial, economic,
competitive, environmental, political, legal and regulatory
factors. These and other risk factors are discussed in the
Company's filings with the Securities and Exchange Commission.
Moreover, we operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible for our management to predict all risks and
uncertainties, nor can management assess the impact of all factors
on our business or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from
those contained in any forward-looking statements. Although we
believe the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future
sustainability results, performance, or achievements. Neither we
nor any other person assumes responsibility for the accuracy or
completeness of any of these forward-looking statements. You should
not rely upon forward-looking statements as predictions of future
events. Unless otherwise required by applicable laws, we undertake
no obligation to update or revise any forward-looking statements,
whether because of new information or future developments.
Media & Investor Contact: Jennifer
Guenther +1.646.960.6598
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SOURCE Tronox Holdings plc