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+0.48Our climate and environment pillar focuses on reducing our environmental impact and climate risk by driving decarbonisation, environmental stewardship and climate adaptation across our business.
In this way, we mitigate our impact on the environment while ensuring our company’s long-term resilience.
Our primary climate-related targets and roadmaps currently comprise:
Achieving a 30% absolute reduction of Scope 1 and 2 GHG emissions by 2030, against a 2016 baseline.
Achieving carbon neutrality in terms of our Scope 1 and 2 GHG emissions by 2040.
Our Scope 3 emissions are primarily shaped by our value chain, particularly supplier activities.
These emissions extend beyond our direct operations, however, and we recognise our responsibility to actively influence outcomes through our engagement, partnerships and procurement practices.
The arid nature of our operating environments and increasing climate volatility makes water a material strategic risk across our operations.
As a result, our water strategy centres on the following priorities:
We are focused on securing long-term water supply through alternative sources, increased on-site storage and strategic partnerships.
We aim to reduce freshwater intensity through efficiency processes, stormwater management, infrastructure rehabilitation and strengthened governance.
We strive to prevent pollution, mitigate groundwater plumes and collaborate with stakeholders to protect shared catchments
We pride ourselves in conforming to the London Platinum and Palladium Market (LPPM) Responsible Sourcing Guidance, version 4, and the London Bullion Market Association (LBMA) Responsible Gold Guidance, version 9.
These are a requirement for all refiners wanting to achieve and maintain their LPPM Good Delivery and Sponge Accreditation and their LME Producer Accreditation respectively.
It assures investors and consumers that all the metals we produce are conflict-free as it guarantees our compliance with an audited, conflict-free process.
We are committed to carbon neutrality through targeted investment in renewable energy and energy efficient initiatives that reduce emissions and strengthen our long-term competitiveness. Our renewable energy investments are expected to deliver 240 megawatts of solar and 280 megawatts of wind power to our operations in the short term.