(Updates with detail)
April 30 (Reuters) - With mining responsible for an estimated 4-7% of greenhouse gas (GHG) emissions globally, the sector is under pressure from environmental activists and shareholders and faces the possible withdrawal of financing and insurance for mines viewed as contributing to climate change.
Glencore GLEN.L plans to become a net-zero emission company by 2050, including emissions from the use of the products it sells.
Rivals such as Anglo American AAL.L , BHP BHPB.L , Rio Tinto RIO.L and Vale SA VALE3.SA have set similar GHG reduction targets.
However, such plans are difficult to compare due to a varied mix of commodities produced and the challenge of tracking customers' emissions.
The table below shows details by company (in alphabetical order):
Targets
Scope 1,2 emissions
Scope 3
Community
Risk Mgmt
Human Rights Governance Anglo
Reduce GHG emissions by
Exit from
Targets on
No fatality target American 30% by 2030 vs 2016 and
thermal coal to education,
from 2 in 2020.
achieve net zero by 2040; help reduce
health and
Part of payouts of
Reduce the abstraction of Scope 3 by
job creation annual bonus and
freshwater in water
c.25%.
aligned with LTIP (long-term
scarce regions by 50% by
UN
incentives
2030 vs 2016;
Sustainable plan)depend on ESG
Development and SHE (safety,
Goals. Human health &
Rights
environment)
Spin-off of South Africa
approach set measures.
thermal coal ops in 2021.
by Social
Way
management
system.
BHP
Reduce operational GHG
2030 goal to
Will invest Zero fatality
emissions by at
support 40%
at least 1% target (achieved
least 30% by 2030 vs
emissions
of pre-tax
in 2019 and 2020);
2020;
reduction
profits to
Part of CEO
Reach net zero emissions intensity for
support UN
payouts of annual
by 2050.
BHP-chartered
Sustainable bonus depends on
shipping.
Development ESG measures.
30% emissions
Goals;
intensity
Regional
reduction in
Indigenous
integrated steel People Plans
making, adoption to be
expected post
developed by
2030.
June 2022.
Glencore Reduce GHG emissions by
Same as Scope 1 Targets not No fatality target
40% by 2035 vs 2019
and 2; ex
to cause,
from 8 in 2020;
levels and achieve net
3rd-party
contribute
Part of CEO
zero by end of 2050;
commodities
to incidents payouts of LTIP
Managed depletion of coal bought and sold resulting in (long-term
mines by mid-2040s.
via trading arm. severe human incentives
Assess water-related
rights
plan)depends on
risks of all managed
impacts.
ESG performance.
operations located in
water-stressed regions
by 2023.
Newmont
30% reduction of combined 15% reduction of Adheres to
ESG metrics of
emissions by 2030; net
emissions by
the UN
safety and
zero carbon emissions by 2030.
Guiding
sustainability
2050.
Principles
represent 30% of
on Business the target bonus
and Human
opportunity for
Rights
named executive
Reporting
officers.
Framework.
Rio Tinto Reduce absolute emissions Reduce
Aims to
Zero fatality
by 15% and emissions
steelmaking
capture and target (achieved
intensity by 30% by 2030 carbon intensity manage
in 2020 and 2019);
vs 2018;
by 30% from 2030 community
15% of executives'
Reach net zero emissions and
complaints
annual bonuses
across operations by
carbon-neutral
and reduce
linked to ESG
2050.I
steelmaking by
repeat and
metrics.
2050;
significant
Reach net-zero
ones each
emissions from
year;
shipping
To provide
products by
remediation
2050.
when causes
or
contributes
to human
rights harm.
Vale
Reduce GHG emissions by
Reduce 15% net
Committed to Targets no
33% by 2030 vs 2017 and
emissions by
remedying
high-potential
achieve carbon neutrality 2035.
adverse
injuries by 2025;
by 2050.
impacts on
Linked 2030 Scope
human rights 1 and 2 targets to
that it has variable pay of
caused or
all employees.
contributed
to.
NOTE: 1) Scope 1 refers to emissions from a company's direct operations, such as emissions from fuel consumed by haul trucks at mine sites.
2) Scope 2 are emissions from the power a company uses for its operations, such as gas-powered electricity bought from the grid and used at mine sites.
3) Scope 3 includes emissions from customers using products sold by a mining company, such as coal burned at power stations, or processing iron ore to steel.