Anglo American Platinum, a leading producer of platinum group metals, has set a net-zero target for its greenhouse gas (GHG) emissions. Anglo American Platinum latest filings mentioned the keywords ‘Renewable Energy’ and ‘Climate Change’ most number of times in relation to Net Zero.

The company aims to achieve this target by 2040, with specific goals related to scope 1, scope 2, and scope 3 emissions. In its 2022 Governance report, the company outlined its activities and focus areas for the year, including reviewing sustainability and safety, health, and environment (SHE) strategies and policies aligned with the company's Sustainable Mining Plan (SMP) framework. The company also considered the impact of climate change on its business and stakeholders and monitored the effectiveness of its asset integrity and reliability strategy and management program.

The company aims to considerably reduce its energy consumption and intensity by increasing the use of renewable energy. It has committed (against a 2016 baseline) to a 30% improvement in energy efficiency by 2030; a 30% reduction in GHG emissions by 2030 and to be carbon neutral by 2040 (scope 1 and 2); and a 50% reduction in scope 3 emissions by 2040. In 2022, the company reported scope 1 and 2 emissions from our operations of 4.09Mt CO2(e) (2021: 4.52Mt CO2(e)). Around 87% of its GHG emissions (3.55Mt CO2(e)) are associated with electricity consumption, with the balance of 13% (0.54Mt CO2(e)) mostly from direct use of diesel and coal in mining and process operations.

The company has taken steps to reduce emissions, including overseeing the development and implementation of collaborative solutions with stakeholders and reviewing mitigation and adaptation plans. The company's existing long-term incentive plan (LTIP) awards have measures aligned with achieving environmental goals, including increased energy efficiency, decreased freshwater withdrawal, and decreased CO2 emissions. The company's board has received comprehensive updates and training on various topics, including climate change, and has considered potentially disruptive, compounding trends to update the industry outlook and implications for the business, portfolio, and investment decisions.

In conclusion, Anglo American Platinum has set a net-zero target for its GHG emissions and is taking steps to reduce emissions and achieve its targets. The company has specific goals to achieving carbon neutrality and is reviewing and considering global developments in sustainability obligations.

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