GlobalData offers a comprehensive analysis of Yancoal Australia, 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 Yancoal Australia‘s ESG performance. GlobalData’s company profile on Yancoal Australia 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.
Yancoal Australia, a coal mining company, is committed to reducing emission as part of its commitment to addressing climate change. The company recognizes the importance of transitioning to a lower carbon economy and is exploring opportunities to diversify its portfolio into other minerals and renewable energy products. In 2022, the company’s emissions reported for scope 1 was 2,046,795 tCO2-e and scope 2 was 321,118 tCO2-e.
In terms of greenhouse gas (GHG) emissions, Yancoal takes a science-based approach to manage its emissions and environmental impacts. The company acknowledges that increased carbon policies can lead to higher costs for mining operations, including electricity and diesel. It has analyzed potential changes to carbon and climate policies in its key export markets up to 2040. Yancoal actively monitors domestic and global policy changes related to carbon emissions, coal mining, and coal power generation.
Yancoal has already taken steps to reduce its emissions and mitigate climate risks. It discloses its Scope 1 and Scope 2 emissions on an annual basis. The company also supports research into technologies that can reduce GHG emissions from the downstream consumption of its products.
The company's governance structure includes climate change accountabilities in its Board and Board Committee charters. Yancoal follows the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD) and discloses metrics, targets, and performance related to climate-related risks and opportunities.
In terms of environmental performance, Yancoal provides data on waste management and rehabilitation efforts. It reports the weight of waste generated, diverted from disposal, and directed to disposal. The company also discloses the area disturbed and rehabilitated during the reporting period, as well as its water balance data.
Overall, Yancoal Australia is committed to managing its GHG emissions, addressing climate risks, and contributing to a lower carbon economy. The company is taking steps to reduce its environmental impact through responsible waste management and water usage.