GlobalData offers a comprehensive analysis of Boliden, 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 Boliden‘s ESG performance. GlobalData’s company profile on Boliden 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.

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Boliden, a mining and smelting company, has set a target for net zero by 2050. The company aims to achieve a 40% reduction in absolute emissions for Scopes 1 and 2 by the year 2030, using the base year 2021. Additionally, there is a targeted 30% reduction in absolute emissions for Scope 3 by 2030, with 2021 as the baseline. The company has set an intensity target, intending to achieve a 40% reduction in CO2 emissions per unit of metal production by the year 2030, relative to the levels recorded in 2012. In the pursuit of low-carbon copper and zinc production, Boliden has established 2030 CO2 intensity targets for these metals. By 2030, the company's copper production aims to emit less than 1.5 kg CO2 eq/kg Cu on average, while the Boliden's zinc production targets an average emission of less than 1.0 kg CO2 eq/kg Zi.

Boliden reported a total of 847,000 tCO2-e for combined Scope 1 and Scope 2 emissions in 2022, with a GHG intensity of 0.60 ton CO2/ton metal. Specifically, Scope 1 direct emissions, originating from sources owned or controlled by the company, such as combustion in its own boilers, furnaces, and vehicles, amounted to 535,000 metric tons. Concurrently, Scope 2 indirect emissions, generated from the purchased electricity, heat, and steam consumed by Boliden units, totaled 312,000 metric tons. While the compilation of Scope 3 indirect CO2 emissions is pending, these emissions typically arise indirectly from the company's activities but originate from sources not owned or controlled by Boliden. The company considers Scope 3 to encompass emissions from its supply chain, as well as downstream transport, processing, and end-of-life.

Boliden has taken steps to reduce its emissions and achieve its net-zero targets. The company has implemented measures to improve energy efficiency and contribute to a low-carbon future. It also reports the outcomes based on internationally recognized protocols for measuring CO2 equivalent (GHG) emissions.

In conclusion, Boliden has set net-zero targets and aims to achieve them by 2050. The company has specific goals related to scope 1, scope 2, and scope 3 emissions. Boliden has taken measures to improve energy efficiency and contribute to a low-carbon future. The company's commitment to sustainability showcases its dedication to addressing environmental challenges.

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