We accept the scientific consensus as assessed by the Intergovernmental Panel on Climate Change (IPCC) and are taking steps to realise the Paris Agreement goal of limiting global temperature rise to well below 2°C above pre-industrial levels.
During FY21, we accelerated our transition from being a major fossil fuel importer to a major clean and renewable energy company by:
Our pathway to decarbonisation is focused on addressing our largest sources of emissions: stationary power and our mining fleet.
We are working to replace our fossil fuel power stations with renewable power and finding alternatives to diesel, which currently fuels our mining fleet.
Key elements of our decarbonisation pathway include:
Our pathway to carbon neutrality is underpinned by the following risk-based principles:
Scope 3 emissions are those emissions that fall within a company’s value chain but are outside its operational control. Our Scope 3 estimates are informed by the international Greenhouse Gas Protocol's (GHG Protocol) Corporate Value Chain (Scope 3) Accounting and Reporting Standard. In accordance with this guidance, estimates for quantified Scope 3 emissions are provided in the table below.
The Scope 3 emissions shown in the table above are the only GHG Protocol Scope 3 Accounting and Reporting Standard defined business activities that were determined to be material. Details of the methodology used to estimate Scope 3 emissions can be found here.