TIDMAAL
RNS Number : 7370E
Anglo American PLC
31 October 2022
31 October 2022
Anglo American updates on carbon neutrality, biodiversity
and responsible mining assurance
Anglo American plc ("Anglo American") is today presenting its
twice-yearly sustainability performance update, including in
relation to decarbonisation, net positive biodiversity and progress
towards assuring all operations against recognised responsible
mining standards.
Duncan Wanblad, Chief Executive of Anglo American, said: "There
is growing awareness of the centrality of mining to enabling the
energy transition and the contribution we can make to a more
sustainable future. Recognising that many of the metals and
minerals we produce are critical to the technologies required to
decarbonise the world's energy and transport systems, our
commitment to being part of the solution to climate change begins
in our own business by meeting our emissions reduction and carbon
neutrality goals. All the while, we know we also have a role to
play to support host countries and communities in terms of skills,
jobs and new fields of economic opportunity that are emerging. This
transition must include all of society - it must be "Just".
"As a further commitment to our holistic set of sustainability
ambitions, we put in place our Sustainability Financing Framework
in recent months, meaningfully linking certain of our funding
requirements to the stretching sustainability objectives we have
set for our business. Within that framework we issued our first
sustainability-linked bond, including performance targets to reduce
greenhouse gas emissions and fresh water abstraction, and to
support job creation in host communities - a first of its kind for
the mining sector."
Emissions reduction - progressing towards carbon neutral
operations by 2040
Anglo American set a target in 2018 to reduce GHG emissions by
30% by 2030, on our pathway to achieving carbon neutrality across
our operations by 2040. On-site energy requirements are the largest
source of our operational emissions and we are making good progress
towards their abatement. By 2023, all our South America operations
will have 100% renewable electricity supply and, for southern
Africa, we have partnered with EDF Renewables to develop 3-5 GW of
clean generation capacity, which is expected to meet Anglo
American's operational power requirements and support the
resilience of local electricity supply systems. We have also set an
ambition to reduce our scope 3 emissions by 50% by 2040, including
by forming a number of partnerships with major steel customers to
work together to unlock clean steelmaking technologies.
Biodiversity - delivering net positive impact
Anglo American's Sustainable Mining Plan commits us to achieving
a net positive impact on biodiversity across our managed
operations. We have completed detailed baseline assessments,
defining significant biodiversity features to protect and further
restore, including key habitats and species and important
ecosystems. We are investing in innovative technologies and
nature-based solutions to mitigate climate change impacts and water
scarcity, and to nurture wildlife habitats, with biodiversity
management plans for each site being integrated into our life of
asset plans.
Responsible mining - assuring all our operations against
recognised standards
Anglo American has been engaging to develop responsible mining
standards since 2005. Our Sustainable Mining Plan commits us to
assuring all our sites against recognised responsible mining
standards by 2025 and we are on track to meet that goal. We are
increasingly finding that our most important customers are those
whose own values and aspirations align with those of Anglo
American, attributing value not only to the physical
characteristics of the products we sell, but also to the ethical
approach and commitments of those who produce them.
Mr Wanblad added: "The world we are living in is changing in so
many ways, not least in society's expectations of businesses across
many industries. We have set up Anglo American to be resilient,
disciplined, opportunistic - and responsible. We have the people,
the assets and the capabilities to deliver sustainable returns over
the long term. It is incumbent on us to deliver the metals and
minerals the world so urgently needs in the cleanest and most
socially responsible way possible."
Today's Sustainability Performance presentation will be
available on the Anglo American website www.angloamerican.com at
12.30pm UK time, with the presentation itself starting at 1.30pm UK
time. A full recording will be available following the presentation
at: www.angloamerican.com/investors/investor-presentations.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Emma Waterworth
marcelo.esquivel@angloamerican.com Emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0) 20 7968
8574
South Africa
Nevashnee Naicker Michelle Jarman
nevashnee.naicker@angloamerican.com michelle.jarman@angloamerican.com
Tel: +27 (0)11 638 3189 Tel: +44 (0)20 7968 1494
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Notes to editors:
Anglo American is a leading global mining company and our
products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations,
with a broad range of future development options, provides many of
the future-enabling metals and minerals for a cleaner, greener,
more sustainable world and that meet the fast growing every day
demands of billions of consumers. With our people at the heart of
our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move
and market our products to our customers - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, premium quality iron ore and
steelmaking coal, and nickel - with crop nutrients in development -
we are committed to being carbon neutral across our operations by
2040. More broadly, our Sustainable Mining Plan commits us to a
series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a
corporate leader. We work together with our business partners and
diverse stakeholders to unlock enduring value from precious natural
resources for the benefit of the communities and countries in which
we operate, for society as a whole, and for our shareholders. Anglo
American is re-imagining mining to improve people's lives.
www.angloamerican.com
Forward-looking statements:
This document includes forward-looking statements. All
statements other than statements of historical facts included in
this document, including, without limitation, those regarding Anglo
American's financial position, business, acquisition and divestment
strategy, dividend policy, plans and objectives of management for
future operations (including development plans and objectives
relating to Anglo American's products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social
and corporate governance goals and aspirations, are forward-looking
statements. By their nature, such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Anglo American or industry results to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements.
Such forward-looking statements are based on numerous
assumptions regarding Anglo American's present and future business
strategies and the environment in which Anglo American will operate
in the future. Important factors that could cause Anglo American's
actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration
and development capabilities, recovery rates and other operational
capabilities, safety, health or environmental incidents, the
effects of global pandemics and outbreaks of infectious diseases,
the outcome of litigation or regulatory proceedings, the
availability of mining and processing equipment, the ability to
produce and transport products profitably, the availability of
transport infrastructure, the impact of foreign currency exchange
rates on market prices and operating costs, the availability of
sufficient credit, the effects of inflation, political uncertainty
and economic conditions in relevant areas of the world, the actions
of competitors, activities by courts, regulators and governmental
authorities such as in relation to permitting or forcing closure of
mines and ceasing of operations or maintenance of Anglo American's
assets and changes in taxation or safety, health, environmental or
other types of regulation in the countries where Anglo American
operates, conflicts over land and resource ownership rights and
such other risk factors identified in Anglo American's most recent
Annual Report. Forward-looking statements should, therefore, be
construed in light of such risk factors and undue reliance should
not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo
American expressly disclaims any obligation or undertaking (except
as required by applicable law, the City Code on Takeovers and
Mergers, the UK Listing Rules, the Disclosure and Transparency
Rules of the Financial Conduct Authority, the Listings Requirements
of the securities exchange of the JSE Limited in South Africa, the
SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release
publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in Anglo American's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
Nothing in this document should be interpreted to mean that
future earnings per share of Anglo American will necessarily match
or exceed its historical published earnings per share. Certain
statistical and other information about Anglo American included in
this document is sourced from publicly available third party
sources. As such it has not been independently verified and
presents the views of those third parties, but may not necessarily
correspond to the views held by Anglo American and Anglo American
expressly disclaims any responsibility for, or liability in respect
of, such information.
Legal Entity Identifier: 549300S9XF92D1X8ME43
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October 31, 2022 07:00 ET (11:00 GMT)
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