GlobalData offers a comprehensive analysis of Sibanye Stillwater, 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 Sibanye Stillwater‘s ESG performance. GlobalData’s company profile on Sibanye Stillwater 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.
Sibanye Stillwater, a mining company, has set target for net zero by 2050, and has an interim target to attain carbon neutrality by 2040. Additionally, the company aims to achieve a 27% reduction in its absolute Scope 1 and 2 greenhouse gas emissions by 2025, relative to the 2010 baseline. In 2022, the company's carbon emissions totaled 495,085 tCO2e for Scope 1, with Scope 2 emissions reported at 6,156,661 tCO2e (location-based) and 6,190,314 tCO2e (market-based). The Scope 3 emissions amounted to 1,137(000t CO2e).
The company has taken steps to minimize its environmental impact and reduce energy consumption. It has implemented measures to reduce energy consumption within the organization and outside of the organization. The company has also made efforts to reduce its direct (scope 1) and energy indirect (scope 2) GHG emissions. These actions align with its goal of achieving net-zero emissions. For example, Sibanye-Stillwater leverages digital twin simulations for enhanced operational efficiency in mining, analyzing processes such as pumping, refrigeration, ventilation, and compressed air. The implementation of digital twins across South African operations resulted in a notable reduction of 120.1 GWh in electricity consumption and the abatement of 124,935 tCO2e of greenhouse gas emissions in 2022.
Sibanye Stillwater has made investments and implemented programs to achieve its emission reduction targets. The company has focused on material stewardship and biodiversity management, aiming to protect and restore habitats and minimize its impact on biodiversity. It has also taken measures to reduce waste generation and direct waste to proper disposal.
In conclusion, Sibanye Stillwater has set net-zero targets and is taking steps to reduce its carbon emissions and GHG emissions. The company has implemented measures to minimize its environmental impact, reduce energy consumption, and manage biodiversity. Sibanye Stillwater's efforts align with its commitment to sustainability and addressing climate change.