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 aims to minimize its impact on natural capital, reduce its carbon emission footprint and identify beneficial rehabilitation and post-mining land uses. Yancoal Australia latest filings mentioned the keywords ‘Emissions’ and ‘Carbon’ most number of times in relation to 'Climate Change'.
The company has undertaken a scenario analysis to explore the resilience of its business against plausible energy transition futures. Yancoal Australia recognises that future growth opportunities may include diversifying beyond its existing coal-focused asset portfolio into other minerals and renewable energy products. The company invests in the development of low-emissions technologies through Low Emission Technology Australia. Yancoal Australia takes a science-based approach to the management of its greenhouse gas (GHG) emissions and broader environmental impacts, and looks for innovative ways to address these risks.
Yancoal Australia has completed a detailed analysis of recent and potential changes to carbon and climate policy out to 2040 in its key export markets. The company actively monitors changes in domestic and global policy and legislation relevant to carbon emissions, coal mining, and coal power generation. Yancoal Australia's operations are covered by the Australian Safeguard Mechanism legislation, which requires it to maintain its Scope 1 emissions within its approved baselines.
Yancoal Australia discloses its Scope 1 and 2 emissions on an annual basis. Yancoal’s total greenhouse gas (GHG) emissions for the 12 months ended 30 June 2022 totaled 2,367,913 tCO2-e – a 7% increase from the previous year. In 2022, the company reported its Scope 1 emissions at 2,046,795 tCO2-e and Scope 2 at 321,118 tCO2-e. Yancoal Australia has completed a detailed analysis of recent and potential changes to carbon and climate policy out to 2040 in its key export markets and actively monitors changes in domestic and global policy and legislation relevant to carbon emissions, coal mining, and coal power generation. The company's environmental metrics show that it has diverted a significant amount of waste from disposal and has undertaken rehabilitation on a substantial area of land.
The company's environmental metrics include water balance data, emissions and energy efficiency measures, hazardous and non-hazardous waste recycled and disposed, and disturbance and rehabilitation indicators. Yancoal Australia's performance data shows that it has diverted a significant amount of waste from disposal and has undertaken rehabilitation on a substantial area of land. The company's water withdrawn by source has increased over the years, with surface water being the primary source.
In conclusion, Yancoal Australia has taken steps to reduce its emissions and achieve its net-zero targets. The company has invested in low-emissions technologies and takes a science-based approach to the management of its GHG emissions and broader environmental impacts. The company is committed to reducing its carbon footprint, promoting sustainable practices, and engaging with its local communities to build meaningful partnerships.
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