By Anthony O. Goriainoff

 

Anglo American PLC said Friday that it aims to reduce its Scope 3 emissions by 50% by 2040 and that it expects to draw 56% of grid electricity supply from renewables by 2023.

Scope emissions are the way in which greenhouse gas emissions are categorized by the Greenhouse Gas Protocol. Scope 1 covers direct emissions from owned and controlled sources, with Scope 2 covering indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by a company. Scope 3 includes all other indirect emissions that may take place within a company's value chain.

The diversified mining company said it was working to reduce emissions in its supply chain and logistics--particularly in shipping--and that it was working with customers and technology partners on low-carbon steelmaking technologies.

Last year, Anglo American reported that in 2018 Scope 3 emissions accounted for 93.4% of its total Scope 1, 2 and 3 emissions and that this was mainly related to steelmaking and coal use by customers.

It added that in 2020 just over one third of the electricity it used globally was drawn from renewable sources, and that it had secured 100% renewable electricity supply across its operations in Brazil, Chile and Peru.

The company also said that it aims to stop the use of diesel in its mine truck field, which accounts for 10% to 15% of its Scope 1 emissions.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

October 29, 2021 04:42 ET (08:42 GMT)

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