GlobalData offers a comprehensive analysis of Anglo American Platinum, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Anglo American Platinum‘s ESG performance. GlobalData’s company profile on Anglo American Platinum offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Anglo American Platinum, a leading platinum producer, is dedicated to reducing emission as part of its commitment to sustainability and aims to reach carbon neutrality by 2040. The company is actively reviewing sustainability and SHE (safety, health, and environment) strategies and policies aligned with its Sustainable Mining Plan framework. It is also considering the impact of climate change on its business and stakeholders. In 2022, the company’s GHG emissions reported scope 1 was 0.54 Mt CO2(e) and scope 2 was 3.55 Mt CO2(e). In 2022, the company verified and reported its scope 3 emissions, emphasizing its dedication to decarbonizing the value chain. Roughly 70% of the total scope 3 emissions, totaling around 3.25 million tonnes CO2(e), originate from purchased goods and services, as well as capital goods, which the company aims to reduce.
In terms of carbon emissions, Anglo American Platinum is focused on managing its greenhouse gas (GHG) emissions. The company has implemented measures to reduce its carbon emissions, including energy efficiency initiatives. The company aims to achieve the following targets: Achieve a 30% improvement in energy efficiency by 2030 (Scope 1 and 2 emissions against a 2016 baseline), attain a 30% reduction in GHG emissions by 2030 (Scope 1 and 2 emissions against a 2016 baseline), reach carbon neutrality by 2040 for Scope 1 and 2 emissions and reduce Scope 3 emissions by 50% by 2040 against a 2020 baseline (aligned with Anglo American-wide target).
Anglo American Platinum has taken several steps to reduce emission which include overseeing the development and implementation of collaborative solutions with stakeholders, reviewing mitigation and adaptation plans, and investing in renewable energy. The company has entered into a renewable energy offtake agreement with Envusa Energy, an associate of Anglo American plc. It is also focused on asset integrity and reliability strategy and management programs to ensure safe and sustainable operations.
In summary, Anglo American Platinum is steadfast in its commitment to carbon emissions reduction. The company is actively reassessing its sustainability and SHE (Safety, Health, and Environment) strategies, taking into account the implications of climate change, and making substantial investments in renewable energy. Through the establishment of mid-term and long-term targets aimed at reducing its carbon footprint, Anglo American Platinum showcases a dedication to sustainability and responsible mining practices.