The effects of climate change are already plain to see. Limiting greenhouse gas (GHG) emissions is one of the biggest and most pressing challenges of our time. It is estimated that the mining sector as a whole is responsible for 4 to 7 percent of GHG emissions globally*, meaning that we all have a vital role to play in setting and achieving targeted reductions.
CO2 reduction target
In August 2021, Sibelco announced an ambitious target to reduce Scope 1 and 2 emissions intensity (tonnes CO2 / revenue) by 5% per year from 2021 to 2030 – cumulatively a reduction of 37%, assuming the same scope of activities. An engagement target for scope 3 emissions was announced in 2022 after detailed consultation with customers and suppliers.
These targets are in line with best practices promoted by the Science Based Targets initiative (SBTi) and aligned with the Paris Agreement’s goal to limit global warming to well below 2°C compared to preindustrial levels.
Our 5% per year scope 1-2 intensity reduction target is one of the toughest set by any business in the industrial minerals sector to date. We will invest approximately €90 million in new technologies and operational excellence initiatives over the next nine years to help us achieve this goal.
Climate and energy forms part of Sibelco’s overall sustainability framework, developed via a comprehensive materiality assessment which helped us to identify the environmental, social and governance (ESG) issues most relevant to our business and stakeholders.
The world faces a clear and urgent climate challenge. The solutions are complex, but we can all play our part. This report outlines Sibelco’s approach to energy and GHG emissions reduction, demonstrating our resolute commitment to contribute to a zero-carbon economy.
