GlobalData offers a comprehensive analysis of Kumba Iron Ore, 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 Kumba Iron Ore‘s ESG performance. GlobalData’s company profile on Kumba Iron Ore 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.
Kumba Iron Ore, a member of the Anglo American plc group, is committed to reducing emission as part of its climate response strategy and the company is committed to achieving a balance between anthropogenic emissions and removals over a specified period. This aligns with the goals of the Paris Agreement, which aims to limit global warming to well below 2°C, preferably to 1.5°C, compared to pre-industrial levels.
In 2022, the company’s emissions reported for scope 1 was 0.554 MtCO2e and scope 2 was 0.440 MtCO2e. The company acknowledges the importance of decarbonization and reducing greenhouse gas emissions. It is likely that Kumba Iron Ore is taking steps to monitor and reduce its carbon emissions, in line with global efforts to combat climate change. The company has set a target of achieving a 30% reduction in GHG emissions by 2030, using 2016 as the baseline. Additionally, there is a commitment to have a net-positive impact on biodiversity by 2030 and an ambition to achieve zero scope 2 emissions across operations by the same year. By 2040, the ambition is to achieve carbon neutrality (scope 1 and 2) across all operations, with a concurrent target of a 50% reduction in scope 3 emissions compared to the 2016 baseline.
Kumba Iron Ore has implemented a climate response strategy to reduce its emissions. and Kumba Iron Ore is investing in low-carbon technologies and practices. The company may also be exploring carbon capture, utilization, and storage (CCUS) technologies to reduce its emissions. Additionally, Kumba Iron Ore may be focusing on decarbonizing its operations, such as transitioning to renewable energy sources and improving energy efficiency.
In conclusion, Kumba Iron Ore is dedicated to emission reduction as a key component of its climate response strategy, striving to achieve equilibrium between emissions and removals. Kumba Iron Ore is likely taking steps to reduce its carbon emissions and invest in low-carbon technologies. By aligning with global efforts to combat climate change, Kumba Iron Ore is contributing to a more sustainable future.