Our approach to climate change is integrated with our strategy and is designed to protect and unlock long-term value, build operational resilience, and enhance our competitiveness in a low-carbon world.

As a global mining and metals company, we have an important role to play in responding to the risks and opportunities of climate change: to produce the metals that support the transition to a low-carbon world; and to do so in a way that seeks to minimise our impact.

We support the objectives of the Paris Agreement and have a long-term goal(1) to achieve net zero operational greenhouse gas (GHG) emissions by 2050.

We have set a medium-term target(2) to halve our operational GHG emissions by 2035 from our FY21 baseline.

Recognising that we have a critical role to play in contributing to the decarbonisation of the value chain, in partnership with our customers and suppliers, we have set a goal(1) of net zero Scope 3 GHG emissions by 2050.

Our approach to climate change is focused on:

  • Reshaping our portfolio to the base metals that are critical in the transition to a low-carbon world;
  • Decarbonising our operations, with a focus on the four operations within our portfolio which account for the majority of our greenhouse gas emissions profile;
  • Understanding and responding to the potential physical impacts of climate change on our business to build operational resilience; and
  • Working with others to innovate and address shared challenges across industry, and to decarbonise the value chain.

Our Board, together with its standing Committees, has oversight of our work on climate change as a strategic risk and governance issue. The Board oversees the Company on its approach to deliver its' decarbonisation commitments, recognising that it must be both ambitious – which is necessary to achieve our net zero goal – and realistic, recognising that there is no definitive ‘best pathway’ to net zero and some of the innovations we will need are not yet fully developed. Our CEO, together with our Lead Team, is accountable for execution of our approach to climate change.

An overview of our approach to climate change is available here.

Sustainable Development Report 2022

Read more about our approach to climate change, and our plans to decarbonise our business, in our Sustainable Development Report.

View Annual Reporting Suite

(1) ‘Goal’ is defined as an ambition to seek an outcome for which there is no current pathway(s), but for which efforts will be pursued towards addressing that challenge, subject to certain assumptions or conditions.

(2) ‘Target’ is defined as an intended outcome in relation to which we have identified one or more pathways for delivery of that outcome, subject to certain assumptions or conditions.

This page contains forward looking statements including statements in relation to climate change and other environmental and energy transition scenarios. These forward-looking statements reflect South32’s expectations at the date of the Climate Change Action Plan included in the Sustainable Development Report (including with respect to its strategies and plans regarding climate change) and they are not guarantees or predictions of future performance or outcomes or statements of fact. They involve known and unknown risks and uncertainties, which may cause actual outcomes and developments to differ materially from those expressed in such statements. South32 makes no representation, assurance or guarantees as to the accuracy, completeness or likelihood of fulfilment of any forward-looking statement, any outcomes expressed or implied in any forward-looking statement or any assumptions on which a forward-looking statement is based.

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Our Climate Change Action Plan

Outlining the actions we are taking to address the risks and opportunities that climate change presents.

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Boosting sustainable energy

Hillside Aluminium has partnered with Solana Energy to boost sustainable energy in South Africa.

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Sustainability-linked revolving credit facility
Sustainability-linked revolving credit facility

We have refinanced our multicurrency revolving credit facility, securing US$1.4 billion of commitments from lenders.

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