GlobalData offers a comprehensive analysis of Zijin Mining, 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 Zijin Mining’s ESG performance. GlobalData’s company profile on Zijin Mining 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.
Zijin Mining has set carbon neutrality targets for its greenhouse gas (GHG) emissions and aims to achieve its goals by 2050. Zijin Mining latest filings mentioned the keywords ‘Carbon’ and ‘Emissions’ most number of times in relation to 'Climate change'.
The company has disclosed its 2022 gross global Scope 1 emissions, which were 3.12 tCO2e and Scope 2 at 4.66 tCO2e. The Company's “Climate Change Action Plan” represents its major strategic decision to further commit the responsibility for building a community with a shared future for mankind, which will help Zijin contribute to achieving the goal of limiting the global temperature rise to within 2 °C. It will fully optimise its green energy structure with aims to use renewable energy that accounts for more than 30% by 2030. It will gradually reduce the greenhouse gas emission intensity so that the greenhouse gas emissions per unit of industrial added value will decrease by 20% in 2025 and by 38% in 2029, compared to the baseline year of 2020. Besides reducing Scope 1 and 2 emissions, Zijin Mining plans to gradually develop estimation, monitoring, and management system of scope 3 GHG emissions as part of its short-term goal to achieve carbon peaking by 2029.
Zijin Mining's 2022 Environmental, Social and Governance Report provides information on the company's environmental management policies and practices, including the total fresh water withdrawn and consumed, the weight of tailings and mineral processing waste, and the number of tailings impoundments. Zijin Mining has disclosed its policies on identification and mitigation of significant climate-related issues, as well as its emission targets and steps taken to achieve them. The company has also disclosed information on its management of waste-related impacts, its screening of suppliers using environmental and social criteria, and its engagement with local communities.
In conclusion, Zijin Mining has set Carbon Neutrality targets and has taken steps to reduce its GHG emissions through short, medium, and long-term goals. The company aims to continue implementation of its "Climate Change Action Plan," invest more in new energy and advanced material industries, expedite efforts in low-carbon transition, and adopt green power and energy technologies to achieve its carbon neutrality goals.