Creating a Pathway to Net-Zero
A growing number of IZA member companies have committed to climate change policies to reach net-zero Scope 1 and 2 GHG emissions by 2050. And an increasing number are now working on Scope 3 targets as well.
To help facilitate this process, IZA established the Climate Change Task Force (CCTF) in 2021, engaging company representatives and experts worldwide at all levels of the zinc value chain. By bringing together producers, suppliers, and customers, the CCTF will help foster partnerships that enable the development of a de-carbonization strategy for the whole zinc sector.
The video above shows some highlights from our Membership as a whole, and below are a few individual Member examples:
Hindustan Zinc Limited.
Hindustan Zinc Limited (HZL) has committed to Net Zero by 2050 in alignment with the Science-Based Targets Initiative (SBTi). In addition, HZL has committed to investing $1 billion in climate change actions over the next five years. Practical GHG reduction measures include the use of Battery Electric Vehicle (BEV) in underground mining and the expression of Interest (EOI) for the Supply of 300 MW of Renewable Energy.
To learn more about Hindustan Zinc Limited’s climate change policy, visit their website at https://www.hzlindia.com/media_press_releases/hindustan-zinc-commits-to-long-term-target-to-reach-net-zero-emissions-by-2050-in-alignment-with-science-based-targets-initiative-sbti/
Glencore seeks to decarbonize its own operational footprint and support national programs that strive to achieve the goals of the Paris Agreement. Glencore has set 1.5°C-aligned targets, i.e. an absolute short-term total emissions (Scope 1, 2 and 3) reduction target of 15% by 2026 on 2019 levels, a medium target of 50% reduction of total emissions by 2035, and an ambition of net zero total emissions by 2050.
To learn more about Glencore’s climate change policy, visit their website at https://www.glencore.com/sustainability/esg-a-z/climate-change
Newmont is committed to addressing climate change with emission reduction targets of more than 30 percent reduction in Scope 1 and 2 emissions and 30 percent reduction in Scope 3 emissions by 2030, with an ultimate goal to be carbon neutral by 2050.
To learn more about Newmont’s climate change policy, visit their website at https://www.newmont.com/sustainability/sustainability-reporting/default.aspx
South32’s target is to halve operational carbon emissions by 2035 and reach net zero by 2050.
To learn more about South32’s climate change policy, read their 2021 sustainable development report at https://www.south32.net/docs/default-source/all-financial-results/fy21-annual-reporting-fix/sustainable-development-report-2021.pdf?sfvrsn=20ae5495_2
Nyrstar’s GHG emissions reduction targets include a 30 percent reduction in operational emissions by the end of FY2023. A scope 3 emissions reduction target will be set by FY2023. Nyrstar also plans to increase their renewable power generation capacity by two gigawatts by the end of FY2025.
Learn more about Nyrstar’s climate change policy here: https://www.trafigura.com/responsibility/responsibility-report-archive/2020-responsibility-report/environment-and-climate-change/.
Sumitomo committed as a member of the International Council on Mining and Metals (ICMM) to a goal of net zero Scope 1 and 2 greenhouse gas emissions by 2050 or sooner in line with the ambitions of the Paris Agreement.
To learn more about Sumotomo’s commitment to achieving net zero visit ICMM’s site at https://www.icmm.com/netzero
Trevali established a short-term emission reduction target to reduce GHG intensity by 25% by 2025 and has set a further target of being carbon neutral by 2050.
To learn more about Trevali’s climate change policy view the Sustainability Reporting Section of their website.
Hecla Mining will be establishing targets in 2021 against the goal of being net carbon neutral by 2050.
To learn more about Hecla’s climate change policy view the Responsible Mining Section of their website.
Creating the Path Forward:
Zinc Sector SDG Roadmap Update
The SDG Sector Roadmap framework is based off of Global Goals to advance action and contributions to sustainable development, particularly across the private sector, but to also improve development in the public sector, wider society, and single individuals as well. The roadmap explores best practices to support a sustainable zinc industry and where greatest potential lies for sector contribution.
In 2020, IZA committed itself to promoting and furthering the actions detailed in this Roadmap through work programs such as the CCTF, identifying metrics and indicators to track sector progress, and encouraging peers to leverage this Roadmap to drive action and enhance engagement with stakeholders.
In 2021 IZA reviewed its activities and achievements to gauge progress in contributing to the UN SDGs at zinc sector level and will report annually on progress. Download the report below to see our 2021 progress.