GlobalData offers a comprehensive analysis of PT Vale Indonesia, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on PT Vale Indonesia‘s ESG performance. GlobalData’s company profile on PT Vale Indonesia 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.
PT Vale Indonesia, a mining company, has set a net-zero emission in scopes 1 and 2 by 2050. PT Vale Indonesia latest filings mentioned the keywords ‘Emissions/ Emission’ most number of times in relation to Net Zero.
The company set a Roadmap Towards Carbon Neutral 2050, with energy efficiency and optimized use of renewable energy as the short-term target, 33% absolute emission reductions from scopes 1 and 2 as the mid-term target for 2030, and carbon neutral (net zero emission) as the long-term target for 2050 or 10 years earlier than Indonesia’s target.
In 2022, the company reduced its GHG emissions by 330,688 tons of CO2eq to 1,640,387 tons of CO2eq, 17% lower from 1,971,075 tons of CO2eq in 2021. Overall, the total GHG emissions up to 2022 have cumulatively decreased by 60,422 tons of CO2eq, from the 2017 baseline of 2,013,950 tons of CO2eq. This achievement is still in the projected net zero emission roadmap which will be gradually implemented at PT Vale. However, it also recorded that there are fluctuations in the volume of GHG emissions every year, influenced by the proportion of fuel used in operations and the amount of production. The company is committed to reducing absolute greenhouse gas (GHG) emissions from scopes 1 and 2 by 33% by 2030 and achieving a net zero emission by 2050.
PT Vale Indonesia has taken steps to reduce its emissions, including investing in energy efficiency and renewable energy. The company has also implemented policies and procedures for waste and hazardous materials management and environmental management.
In conclusion, PT Vale Indonesia has set a net-zero target for its GHG emissions and has taken steps to reduce its emissions. The company has disclosed its efforts and achievements in energy efficiency, waste and effluent management, and biodiversity conservation to help lower its carbon footprint and achieve carbon neutrality by 2050 or earlier.